Netflix Does it Again: Heads Up for the 4th Straight Day

The Daily View for Netflix

  • At the moment, NFLX’s price is up $1.53 (0.28%) from the day prior.
  • Netflix has seen its price go down 4 out of the past 5 days, thus creating some compelling opportunities for bears.
  • From a daily perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 day timeframes.
  • 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 daily candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • The moving averages on the daily 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.

NFLX

The Daily View for Netflix

  • At the moment, NFLX’s price is up $6.53 (1.21%) from the day prior.
  • It’s been a feast for bulls operating on the daily timeframe, as Netflix has now gone up 4 of the past 5 days.
  • As for the trend on the daily timeframe, we see the clearest trend on the 50 day timeframe.
  • The moving averages on the daily 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.

Below is a daily price chart of Netflix.

NFLX

Featured Netflix Idea From TradingView

Below is a trading comment entitled Netflix Stock To Keep In Portfolio! you may find interesting:

Hello ladies and gentlemen, according to my graphical analysis of Netflix, I recommend for the moment to keep Netflix Stock in your portfolio because there is a great probability of reaching 570$ in the next few weeks .

Walid_El_Bohdidi