Netflix Came Into Today Down -0.45%
The Hourly View for Netflix
- Currently, NFLX’s price is down $-1.47 (-0.25%) from the hour prior.
- Netflix has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears.
- As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe.
- price action traders may also wish to note that we see a doji candlestick pattern on Netflix. Given that we see an uptrend on the 5 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. With that said, traders should also note the downtrend on the 5 hourly candle timeframe, so the meaning of the candles may require further exploration.
- 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.
The Daily View for Netflix
- Currently, NFLX’s price is down $-2.65 (-0.45%) from the day prior.
- This is a reversal of the price action on the previous day, in which price moved up.
- 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 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.
Below is a daily price chart of Netflix.
Featured Netflix Idea From TradingView
Below is a trading comment entitled ALPHABET Inc. ( Google ) – Fundamental Analysis – Next target you may find interesting:
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