The Hourly View for Netflix
- At the time of this writing, NFLX’s price is down $-0.17 (-0.1%) from the hour prior.
- This is a reversal of the price action on the previous hour, in which price moved up.
- As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe.
- Price action traders may also wish to note that we see a pin bar candlestick pattern on Netflix. Given that we see downtrend on the 20 and 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
- 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.
The Daily View for Netflix
- At the moment, NFLX’s price is down $-11.61 (-6.35%) from the day prior.
- The daily chart shows that Netflix has seen 3 straight down days.
- Regarding the trend, note that the strongest trend exists on the 100 day timeframe.
- Of note is that the 20 day changed directions on NFLX; it is now pointing down. The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
- 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.
Latest News Discussing NFLX
- Netflix (NFLX) Announces Season 2 of Global Hit Squid Game – Zacks Equity Research
June 13, 2022
Netflix (NFLX) announces Season 2 of popular South Korean drama, Squid Game, amid declining subscriber growth.
- Is Disney’s Big Gamble About to Pay Off? – email@example.com (Daniel Foelber)
June 13, 2022
Original content investments are on the rise but could pay off with time.
- We underestimate our monthly subscription costs by $133: Money ‘that’s no longer available for other goals, such as retirement savings, paying down debt or an emergency fund’ – MarketWatch
June 12, 2022
Gen Zers were the most likely to report paying for a subscription even after they had forgotten about it, and baby boomers were the least likely, a recent survey found.