Friday, September 24, 2021
ADVERTISEMENT

Netflix Just Breached This Major Moving Average Level | Fintech Zoom

The Hourly View for Netflix

  • At the moment, NFLX’s price is up $1.02 (0.2%) from the hour prior.
  • This is a reversal of the price action on the previous hour, in which price moved down.
  • As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe.
  • Regarding moving averages, it should first be noted that price has crossed the 100 hour moving average, resulting in them so that price is now turning above it. 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-1627916181.03753.png” alt=”NFLX“/>

The Daily View for Netflix

  • Currently, NFLX’s price is down $-1.01 (-0.2%) from the day prior.
  • This move is a reversal from the day prior, which saw price move up.
  • As for the trend on the daily timeframe, we see the clearest trend on the 20 day timeframe.
  • Regarding moving averages, it should first be noted that price has crossed the 200 day moving average, resulting in them with price now being below it. 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-1627916188.53732.png”/>

Below is a daily price chart of Netflix.

NFLX-1627916189.07086.png” alt=”NFLX“/>

Featured Netflix Idea From TradingView

Below is a trading comment entitled NFLX D1:PT BULLS 700USD BUY/HOLD(SL/TP)(STOCKS)(NEW) you may find interesting:

Why get subbed to me on Tradingview? -TOP author on TradingView-2000+ ideas published-15+ years experience in markets-Professional chart break downs-Supply/Demand Zones-TD9 counts / combo review-Key S/R levels-No junk on my charts-Frequent updates-Covering FX/crypto/US stocks-before/after analysis-24/7 uptime so constant updates🎁Please hit the like button and🎁Leave a comment to support our team! NFLX D1:PT BULLS 700USD BUY/HOLD(SL/TP)(STOCKS)(NEW)IMPORTANT NOTE: speculative setup. do your owndue dill. use STOP LOSS. don’t overleverage. 🔸 Summary and potential trade…

— ProjectSyndicate

Netflix Just Breached This Major Moving Average Level | Fintech Zoom

Tags: Netflix Stock
Stock Market, Latest News on C N N.