Netflix (NFLX) Closes Last Hour Down $-0.91; 6 Day Down Streak Broken, in an Uptrend Over Past 90 Days

The Hourly View for NFLX

Last Updated September 14, 2020, 23:12 GMT

At the moment, NFLX’s price is up $3.42 (0.71%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as NFLX has now gone down 4 of the past 5 hours. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. 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

Netflix Inc is up 0.28% ($1.36) since the previous day, marking a reversal from the day prior — and the end of a 6 day negative run. This move happened on lower volume, as yesterday’s volume was down 19.31% from the day before — and down 47.07% from the same day the week before. Here 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 90 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 7 them.

Overheard Around the Web

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

    $NFLX I don’t like it either but I’m not getting rid of Netflix bc of a French show I’m not going to watch. Weird it made it through but the French and other countries are weird. We’re weird too, people aren’t watching nba and nfl bc of blm which is funny bc their lives do matter.

    dag12