Netflix Snaps a 4 Day Down Streak

The Hourly View for Netflix

  • Currently, NFLX’s price is up $2.41 (1.39%) from the hour prior.
  • This is the 2nd hour in a row Netflix has seen its price head up.
  • Regarding the trend, note that the strongest trend exists on the 50 hour timeframe.
  • Regarding moving averages, it should first be noted that price has crossed the 50 hour moving average, resulting in them so that price is now turning above it. 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.

NFLX

The Daily View for Netflix

  • At the time of this writing, NFLX’s price is up $8.82 (5.26%) 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.

NFLX

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