Netflix (NFLX) Closes Prior Hour Down -0.14%; in an Uptrend Over Past 90 Days

The Hourly View for NFLX

Last Updated September 15, 2020, 21:12 GMT

Currently, NFLX’s price is up $18.27 (3.84%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. Of note is that the 20 hour changed directions on NFLX; it is now pointing up. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50 and 100 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Netflix Inc Daily Price Recap

476.26 was the closing price of the day for Netflix Inc, resulting in today being one in which price moved down 1.2% ($5.77) from the previous day. As for how volume fared, yesterday’s volume was up 43.85% from the previous day (Sunday), and up 24% from Monday of the week before. Here is a daily price chart of Netflix Inc.

NFLX

Netflix Inc Technical Analysis

Notably, Netflix Inc is now close to its 100 day moving averages, which may act as price barrier for the asset. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 30 days Netflix Inc’s price has gone down 17 them.

Overheard Around the Web

Here’s what one trader on StockTwits recently had to say in regards to NFLX:

    $NFLX I used to work at an upscale beach resort. 2015. The clothes that girls as young as 5 would wear there to the pool and just walking around were inappropriate. Im talking thongs, very skimpy 2 piece bikinis, Hot pink. Sometimes the mother and/or sisters all matched.
    If you people want something to be outraged about, why dont you take on the clothing industry?
    Have you seen the Short Shorts all the preteens are wearing nowadays? Why do they even make shorts that short?

    Their attitudes are the real problems, why are they twerking anyway, because they saw it on rap videos. Twerking started in Atlanta strip clubs afaik.

    Why do they think they can do it? Because their parents never beat them. Their teachers told them they were unique and special, Their friends told them they were pretty and beautiful.

    I say beat all the little girls and give them nun uniforms.
    Or declare Sharia law and make them cover up their sinful flesh.
    May Allah strike them down for that shameful twerking

    ConservativeInvestor