Netflix Inc (NFLX) Down 1.84%, in an Uptrend Over Past 90 Days; Pin Bar Pattern Appearing on Chart

Netflix Inc Daily Price Recap

Netflix Inc came into today down 1.84% ($9.7) from the open of the day prior, marking the 3rd straight day a decrease has occurred. This move happened on lower volume, as yesterday’s volume was down 8.07% from the day before — and down 58.97% from the same day the week before. Below is a daily price chart of Netflix Inc.

NFLX

Netflix Inc Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 10 days Netflix Inc’s price has gone down 6 them. As for those who trade off of candlesticks, we should note that we’re seeing pin bar pattern appearing here.

Overheard Around the Web

Over on StockTwits, here’s an example of what they’re saying about NFLX:

    $DIS Deutsche Bank's analyst raised his PT to $163 from $128 on the strength of DIS ott direct to consumer program… interesting the rumbling about DIS maybe selling out ESPN and ABC, ostensibly to rely solely on their direct to consumer strategy/technology… i still think DIS should buy $DISCA (before $AMZN $NFLX or $GOOGL does) to add to their brilliantly valuable content.

    Meanwhile, all of the Disney parks opened already are running at full capacity (albeit at the haircut levels for covid BS), and now the HK park is affirmed for opening on sep 18.

    emeraldbayrider