Netflix is Down for the 4th Day in a Row

The Hourly View for Netflix

Currently, NFLX’s price is down $-1.77 (-1.05%) from the hour prior.
This is a reversal of the price action on the previous hour, in which price moved up.
Regarding the trend, note that the strongest trend exists on the 100 hour timeframe.
The moving averages on the hourly 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.

Netflix’s hourly price chart is shown below.

At the time of this writing, NFLX’s price is down $-2.16 (-1.28%) from the day prior.
It’s been a feast for bears operating on the daily timeframe, as Netflix has now gone down 4 of the past 5 days.
If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 100 day timeframe.
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.

Below is a daily price chart of Netflix.

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