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

The Hourly View for Netflix

  • At the moment, NFLX’s price is down $-0.97 (-0.55%) from the hour prior.
  • Netflix has seen its price go down 8 out of the past 10 hours, thus creating some compelling opportunities for bears.
  • If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 hour timeframes.
  • Regarding moving averages, it should first be noted that price has crossed the 50 hour moving average, resulting in them with price now being below it. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Netflix’s hourly price chart is shown below.


The Daily View for Netflix

  • Currently, NFLX’s price is up $0.13 (0.07%) from the day prior.
  • This is the 2nd day in a row Netflix has seen its price head up.
  • Regarding the trend, note that the strongest trend exists on the 20 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.


Featured Netflix Commentary From Twitter

@PythiaR @borrowed_ideas Yep, huge pt. Tried to recreate library on Amazon few yrs ago & was so terrible I had to come back. NFLX may have exclusive content; you’ll churn if they don’t have something you like, out of your control anyway. SPOT you churn —> so much friction, in your control. Why bother.NA