Netflix Does it Again: Heads Up for the 2nd Straight Day

The Hourly View for Netflix

  • At the time of this writing, NFLX’s price is down $-0.1 (-0.05%) from the hour prior.
  • This is a reversal of the price action on the previous hour, in which price moved up.
  • As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe.
  • Price action traders may also wish to note that we see a pin bar candlestick pattern on Netflix. Given that we see an uptrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Netflix’s hourly price chart is shown below.

NFLX

The Daily View for Netflix

  • At the time of this writing, NFLX’s price is up $3.86 (1.94%) from the day prior.
  • The daily chart shows that Netflix has seen 2 straight up days.
  • As for the trend on the daily timeframe, we see the clearest trend on the 100 day timeframe.
  • The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
  • Divergence between NFLX’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in NFLX’s price.

Below is a daily price chart of Netflix.

NFLX

Featured Netflix Idea From TradingView

Below is a trading comment entitled NETFLİX BULLİSH CAN COME!!! you may find interesting:

Hello guys,I wanna share my idea about netflix.I think rise will come after this EMA cutting. Why bullish will come? Let’s answer this question.Reasons of rise possibility:1)We are on the very strong support.This will affect investor for buy n…

D1yarKa