Netflix Inc (NFLX) Down 2.82%; Breaks Below 100 Day Average
This is the 3rd hour in a row nflx has seen its price head up.
NFLX
(Last Updated September 18, 2020)
Hello! This is the news page for Netflix Inc. Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:
The Trend
A trend/countertrend situation exists on NFLX, in which a downtrend exists on shorter timeframes but an uptrend appears on the 90 day timeframe. As such, traders with short positions should be aware of the uptrend in place on the longer timeframes.
NFLX Moving Averages
Nuances in the trend on NFLX can be understood by observing the behavior of its moving averages. The 100 and 200 day averages are pointing upwards, suggesting a bullish trend, in contrast to the downward-facing 20 and 50 day averages that imply a bearish trend. Ultimately, this suggests a bearish trend on shorter timeframes, compared to a bullish trend when observing more than 3 months of data.
Below is a chart showing NFLX’s price with its moving averages.
Netflix (NFLX) Closes Last Hour Up $5.51; Pin Bar Pattern Appearing on Chart, Moves Down For the 3rd Straight Day, in a Downtrend Over Past 14 Days
Since i started this portfolio in june, we've gone through 2 drawdowns: one 8.1% in june and the current 8.4% now.
Netflix (NFLX) Closes Prior Hour Up 0.63%; is Inching Close to 100 Day Average, Heads Down For the 2nd Consecutive Day, Breaks Below 100 Day Average
This garbage should be taken down to penny stock status.
Netflix (NFLX) Closes Prior Hour Down -1.3%; in a Downtrend Over Past 14 Days
Customers regularly drop netflix and other subscription services (a metric referred to as “churn rate”), and the yipitdata numbers may ultimately reflect a short-term blip in u.s. cancellations that is relatively minor in a grand scheme of things.
Netflix (NFLX) Closes Prior Hour Down -0.14%; in an Uptrend Over Past 90 Days
As for how volume fared, yesterday’s volume was up 43.85% from the previous day (sunday), and up 24% from monday of the week before.
Netflix (NFLX) Closes Last Hour Down $-0.91; 6 Day Down Streak Broken, in an Uptrend Over Past 90 Days
Regarding the trend, note that the strongest trend exists on the 50 hour timeframe.
Netflix (NFLX) Closes Prior Hour Up 0.17%; Moves Down For the 6th Consecutive Day, Price Base in Formation Over Past 14 Days
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.
Netflix (NFLX) Closes Last Hour Up $0.25; Moves Down For the 5th Day In A Row, Underperforms All mega cap US stocks, Eyes 50 Day Average
This move is a reversal from the hour prior, which saw price move down.
Netflix Inc (NFLX) Down 1.84%, in an Uptrend Over Past 90 Days; Pin Bar Pattern Appearing on Chart
This move happened on lower volume, as yesterday’s volume was down 8.07% from the day before — and down 58.97% from the same day the week before.
Netflix Inc (NFLX) Down 4.9%; in an Uptrend Over Past 14 Days
The price move occurred on stronger volume; specifically, yesterday’s volume was up 54.02% from the day prior, and up 65.07% from the same day the week before.