Netflix (NFLX) Price Near $530.71; Moves Down For the 2nd Consecutive Day

The Hourly View for NFLX

Last Updated October 20, 2020, 10:5 GMT

Currently, NFLX’s price is up $1.39 (0.26%) from the hour prior. The hourly chart shows that NFLX has seen 2 straight down hours. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Netflix Inc Daily Price Recap

Netflix Inc came into today down 0.01% ($0.07) from the open of the previous day, marking the 2nd consecutive day a decline has happened. The price move occurred on stronger volume; specifically, yesterday’s volume was up 14.82% from the day prior, and up 36.41% from the same day the week before. Here is a daily price chart of Netflix Inc.


Netflix Inc Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. For another vantage point, consider that Netflix Inc’s price has gone up 8 of the previous 14 trading days.

Overheard Around the Web

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

    $BTC.X $NFLX $T $SNAP $LOGI The Presentation was simple and i could understand very well even though I am new to Stock trading…..