Netflix is Down for the 2nd Day in a Row

The Hourly View for Netflix

  • At the moment, NFLX’s price is up $1.98 (0.34%) from the hour prior.
  • This move is a reversal from the hour prior, which saw price move down.
  • If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe.
  • The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Netflix’s hourly price chart is shown below.

NFLX

The Daily View for Netflix

  • At the time of this writing, NFLX’s price is down $-5.98 (-1.01%) from the day prior.
  • Netflix has seen its price go down 4 out of the past 5 days, thus creating some compelling opportunities for bears.
  • As for the trend on the daily timeframe, we see the clearest trend on the 20 day timeframe.
  • The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
  • Divergence between NFLX’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in NFLX’s price.

Below is a daily price chart of Netflix.

NFLX

Featured Netflix Idea From TradingView

Below is a trading comment entitled NETFLIX 4H – SHORT you may find interesting:

Stock Market Trading is dangerous and non profitable for most of you out there. Follow signals, make money. Period.How to use my signals?LONG: Buy and hold as long as the price stays above the green zone.SHORT: Sell and hold as long as the price stays below the red zone.

StockMarketEnchanter