NETFLIX INC. - 1H - Technical analysis published on 02/05/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bullish
Technical indicators
28%
50%
22%
My opinion
Bullish above 539.73 USD
My targets
586.34 USD (+4.07%)
592.92 USD (+5.24%)
My analysis
The basic trend is bullish on NETFLIX INC. and in the short term, the price is attempting to correct. For the time being, this is only a simple technical correction and the basic trend is not threatened. For the correction to be confirmed, it would have to at least return to below the support 539.73 USD. Sellers would then use the next support located at 503.41 USD as an objective. Crossing it would then enable sellers to target 477.59 USD. If there is a return to above the resistance located at 586.34 USD, this would be a sign of a reversal in the basic bullish trend. The next bullish objectives will be 592.92 USD and 691.69 USD by extension.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
0.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NETFLIX INC. rating 563.41 USD. The price is lower by -0.22% since the last closing and was between 557.20 USD and 575.75 USD. This implies that the price is at +1.11% from its lowest and at -2.14% from its highest.557.20
575.75
563.41
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of NETFLIX INC. in 1H shows an overall bullish trend. The signals given by moving averages are 64.29% bullish. This bullish trend could slow down given the slightly bearish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 4 are neutral and 9 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of channel
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 477.59 | 503.41 | 562.48 | 563.41 | 586.34 | 691.69 |
| Change (%) | -15.23% | -10.65% | -0.17% | - | +4.07% | +22.77% |
| Change | -85.82 | -60.00 | -0.93 | - | +22.93 | +128.28 |
| Level | Major | Minor | Intermediate | - | Major | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 556.64 | 559.51 | 562.07 | 564.94 | 567.50 | 570.37 | 572.93 |
| Camarilla | 563.15 | 563.65 | 564.14 | 564.64 | 565.14 | 565.64 | 566.13 |
| Woodie | 556.50 | 559.43 | 561.93 | 564.86 | 567.36 | 570.29 | 572.79 |
| Fibonacci | 559.51 | 561.58 | 562.86 | 564.94 | 567.01 | 568.29 | 570.37 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 539.73 | 550.27 | 557.46 | 568.00 | 575.19 | 585.73 | 592.92 |
| Camarilla | 559.76 | 561.39 | 563.02 | 564.64 | 566.27 | 567.89 | 569.52 |
| Woodie | 538.05 | 549.43 | 555.78 | 567.16 | 573.51 | 584.89 | 591.24 |
| Fibonacci | 550.27 | 557.05 | 561.23 | 568.00 | 574.78 | 578.96 | 585.73 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 372.99 | 417.42 | 490.77 | 535.20 | 608.55 | 652.98 | 726.33 |
| Camarilla | 531.72 | 542.52 | 553.31 | 564.11 | 574.91 | 585.70 | 596.50 |
| Woodie | 387.44 | 424.65 | 505.22 | 542.43 | 623.00 | 660.21 | 740.78 |
| Fibonacci | 417.42 | 462.42 | 490.21 | 535.20 | 580.20 | 607.99 | 652.98 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 48.40 | |
| MACD (12,26,9): | -0.2200 | |
| Directional Movement: | 10.26 | |
| AROON (14): | -7.14 | |
| DEMA (21): | 564.57 | |
| Parabolic SAR (0,02-0,02-0,2): | 575.38 | |
| Elder Ray (13): | -1.69 | |
| Super Trend (3,10): | 558.03 | |
| Zig ZAG (10): | 562.95 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 20.17 | |
| TEMA (21): | 561.10 | |
| Williams %R (14): | -65.80 | |
| Chande Momentum Oscillator (20): | -5.08 | |
| Repulse (5,40,3): | 0.0400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 1.12 |
| MA7: | 566.90 | |
| MA20: | 520.62 | |
| MA50: | 492.96 | |
| MA100: | 448.48 | |
| MAexp7: | 563.07 | |
| MAexp20: | 564.29 | |
| MAexp50: | 557.74 | |
| MAexp100: | 540.30 | |
| Price / MA7: | -0.62% | |
| Price / MA20: | +8.22% | |
| Price / MA50: | +14.29% | |
| Price / MA100: | +25.63% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | -0.16% | |
| Price / MAexp50: | +1.02% | |
| Price / MAexp100: | +4.28% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The last news published on NETFLIX INC. at the time of the generation of this analysis was as follows:
- Thinking about trading options or stock in Alphabet Inc, NVIDIA, Netflix, Ford Motor, or SoFi Technologies?
- Thinking about buying stock in Panbela Therapeutics, Netflix, Qualcomm, Cyngn, or Aclarion?
-
WWE to stream exclusively on Netflix from January 2025. #Shorts #WWE #BBCNews
-
Netflix and Alibaba drive early risk-on move, UK PMIs beat expectations boosting Sterling
-
Netflix password crackdown fuels sign-up surge - BBC News
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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