Netflix Inc (NFLX) Heads Up For the 2nd Straight Day, Price Base in Formation Over Past 90 Days; Pin Bar Pattern Appearing on Chart
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NFLX
(Last Updated November 27, 2020)
Welcome to the news page for Netflix Inc (NFLX). Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:
The Trend
Perhaps the most noteworthy trend we’re seeing on NFLX is at the 30 day level, where a clear downtrend is apparent.
NFLX Moving Averages
Nuances in the trend on NFLX can be understood by observing the behavior of its moving averages. The 50 and 200 day averages suggest a bullish trend, as they are pointing upwards, in contrast to the downward-facing 20 and 100 day averages that imply a bearish trend. Moreover, it should also be noted that the 50 SMA just turned bullish today.
Below is a chart showing NFLX’s price with its moving averages.
Netflix Inc (NFLX) Moves Up For the 2nd Consecutive Day, Price Base in Formation Over Past 90 Days; Eyes 20 Day Average
Also of note is that on a 90 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward.
Netflix Inc (NFLX) Up 1.31%, in a Downtrend Over Past 30 Days; Price Base in Formation Over Past 90 Days
Tickers such as $nflx $amzn $tsla have done extremely well.
Netflix Inc (NFLX) Down 2.38%; Price Base in Formation Over Past 90 Days
Also of note is that on a 90 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward.
Netflix Inc (NFLX) Up 0.74%, Price Base in Formation Over Past 90 Days; Eyes 20 Day Average
The change in price came along side change in volume that was up 88.47% from previous day, but down 22.18% from the sunday of last week.
Netflix (NFLX) Price Near $484.15; Price Base in Formation Over Past 90 Days, Heads Up For the 4th Day In A Row, is Inching Close to 20 Day Average
Price action traders in particular will want to note that the 90 day period appears to show price forming a base; this could indicate that a support/resistance level is developing.
Netflix (NFLX) Price Near $488.14; Moves Up For the 3rd Straight Day, Price Base in Formation Over Past 90 Days
This is the 2nd hour in a row nflx has seen its price head down.
Netflix (NFLX) Closes Last Hour Down $-1.51; Price Base in Formation Over Past 90 Days, in a Downtrend Over Past 30 Days, Heads Up For the 3rd Consecutive Day
This move happened on lower volume, as yesterday’s volume was down 38% from the day before — and down 72.86% from the same day the week before.
Netflix (NFLX) Closes Last Hour Down $-3.78; Pin Bar Pattern Appearing on Chart, Moves Up For the 2nd Day In A Row, in a Downtrend Over Past 30 Days
U can subscribe to making mo payments to having a car.
Netflix (NFLX) Closes Last Hour Down $-0.01; 3 Day Down Streak Broken, Pin Bar Pattern Appearing on Chart, in a Downtrend Over Past 30 Days
From a hourly perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 hour timeframes.