Netflix May Be Offering a Trading Opportunity With Its Cross Above Its 100 Moving Average

The Daily View for Netflix

  • At the moment, NFLX’s price is down $-3.29 (-0.63%) from the day prior.
  • It’s been a feast for bulls operating on the daily timeframe, as Netflix has now gone up 4 of the past 5 days.
  • From a daily perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 day timeframes.
  • 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.

Netflix’s hourly price chart is shown below.

NFLX

The Daily View for Netflix

  • At the moment, NFLX’s price is down $-14.91 (-2.86%) from the day prior.
  • The daily chart shows that Netflix has seen 2 straight down days.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe.
  • Regarding moving averages, it should first be noted that price has crossed the 100 and 200 day moving averages, resulting in them so that price is now turning below them. 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.

Below is a daily price chart of Netflix.

NFLX

Featured Netflix Idea From TradingView

Below is a trading comment entitled NFLX, price moved above its 50-day Moving Average on March 23 you may find interesting:

This price move could indicate a change in the trend, and may be a buy signal for investors. Tickeron’s A.I.dvisor found 40 similar cases, and 35 were successful. Based on this data, the odds of success are 88%. Current price $528.49 crossed the support line at $523.26 and is trading between $547.53 resistance and $523.26 support lines. Throughout the month of 02/19/21 – 03/23/21, the price experienced a -0.95% Downtrend, while the week of 03/16/21 – 03/23/21 shows a +2% Uptrend. Bullish Trend Analysis The RSI Indicator points to a transition from a downward trend to an upward trend — in cases where NFLX’s RSI Indicator exited the oversold zone, 7 of 14 resulted in an increase in price. Tickeron’s analysis proposes that the odds of a continued upward trend are 50%.The Stochastic Indicator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. Tickeron A.I. detected that in 43 of 57 …

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