Friday, October 22, 2021
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Netflix is Up for the 3rd Day in a Row

The Hourly View for Netflix

  • At the moment, NFLX’s price is down $-0.51 (-0.09%) from the hour prior.
  • It’s been a feast for bears operating on an hourly timeframe, as Netflix has now gone down 4 of the past 5 hours.
  • If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists 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 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • 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.

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The Daily View for Netflix

  • Currently, NFLX’s price is up $1.77 (0.3%) from the day prior.
  • This is the 3rd day in a row Netflix has seen its price head up.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe.
  • price action traders may also wish to note that we see a pin bar candlestick pattern on Netflix. Given that we see an uptrend on the 20 daily candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • 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-1631890520.36573.png”/>

Below is a daily price chart of Netflix.

NFLX-1631890520.86019.png” alt=”NFLX“/>

Latest News Discussing NFLX

Netflix is Up for the 3rd Day in a Row

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