Monday, September 20, 2021

Is Momentum Changing for Netflix? price Just Crossed Below Its 200 Day Moving Average | Fintech Zoom

Is Momentum Changing for Netflix? price Just Crossed Below Its 200 Day Moving Average

The Hourly View for Netflix

  • At the moment, NFLX’s price is down $-1.04 (-0.2%) 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 20 hour timeframe.
  • The moving averages on the hourly 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-1627657098.69653.png” alt=”NFLX“/>

The Daily View for Netflix

  • Currently, NFLX’s price is up $3.65 (0.71%) 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.
  • As for the trend on the daily timeframe, we see the clearest trend on the 100 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 above 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.
  • Divergence between NFLX’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in NFLX’s price.
  • NFLX-1627657105.92238.png”/>

Below is a daily price chart of Netflix.

NFLX-1627657106.4268.png” alt=”NFLX“/>

Featured Netflix Idea From TradingView

Below is a trading comment entitled Netflix (NFLX): Can Fall Out Of The Consolidation Now you may find interesting:

Traders, Netflix has been running inside a consolidation range for a long time now and the close of this month can give us a good indication on the downward breakout of this consolidation. Expected targets based on FCP analysis are on the chart.Rules:1. Never trade too much2. Never trade without a confirmation3. Never rely on signals, do your own analysis and research too✅ If you found th…

— vikinsa

Is Momentum Changing for Netflix? price Just Crossed Below Its 200 Day Moving Average

Is Momentum Changing for Netflix? price Just Crossed Below Its 200 Day Moving Average | Fintech Zoom

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