Netflix Enters Today Down -1.38%

The Hourly View for Netflix

  • At the time of this writing, NFLX’s price is down $-0.08 (-0.01%) from the hour prior.
  • The hourly chart shows that Netflix has seen 2 straight down hours.
  • 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 doji 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. With that said, traders should also note the downtrend on the 20 hourly candle timeframe, so the meaning of the candles may require further exploration.
  • Of note is that the 50 hour changed directions on NFLX; it is now pointing up. The moving averages on the hourly 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.

Netflix’s hourly price chart is shown below.

NFLX

The Daily View for Netflix

  • Currently, NFLX’s price is down $-9.08 (-1.38%) from the day prior.
  • This move is a reversal from the day prior, which saw price move up.
  • 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 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.

Below is a daily price chart of Netflix.

NFLX

Featured Netflix Idea From TradingView

Below is a trading comment entitled NETFLIX – Where to next? 🎬 you may find interesting:

The big question is not just where Netflix ends up going next but where is the market as such going. Will there be a good correction inbound or is the market just taking a small pause now to rise higher very soon?The answers will unfold in front of us in the next coming weeks but let’s take a look at NETFLIX nad share some news with you:- Netflix is making a big push into video games The company first dabbled in games with interactive titles like Black Mirror: Bandersnatch and a Carmen Sandiego game, but in 2021, it made gaming a much bigger priority. Netflix hired a former EA exec in July to lead its gaming efforts and, in November, let …

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