NETFLIX INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	NFLX
ISIN:

NETFLIX INC. - Daily - Technical analysis published on 07/07/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

67%

11%

22%

My opinion

Bullish above 636.18 USD

My targets

701.03 USD (+1.50%)

727.17 USD (+5.29%)

My analysis

The bullish trend is currently very strong on NETFLIX INC.. As long as the price remains above the support at 636.18 USD, you could try to benefit from the boom. The first bullish objective is located at 701.03 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 727.17 USD as an objective. Crossing it would then enable buyers to target 764.47 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

7.9

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by AMIKOTUN. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

NETFLIX INC. rating 690.65 USD. The price registered an increase of +1.19% on the session and was between 677.23 USD and 697.49 USD. This implies that the price is at +1.98% from its lowest and at -0.98% from its highest.

677.23

697.49

690.65

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of NETFLIX INC. in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The technical indicators are bullish. There is still some doubt about the price increase.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	477.59	551.48	636.18	690.65	691.69
Change (%)	-30.85%	-20.15%	-7.89%	-	+0.15%
Change	-213.06	-139.17	-54.47	-	+1.04
Level	Major	Major	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	659.16	668.20	679.42	688.46	699.68	708.72	719.94
Camarilla	685.08	686.94	688.79	690.65	692.51	694.36	696.22
Woodie	660.26	668.75	680.52	689.01	700.78	709.27	721.04
Fibonacci	668.20	675.94	680.72	688.46	696.20	700.98	708.72

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	636.75	650.26	670.46	683.97	704.17	717.68	737.88
Camarilla	681.38	684.47	687.56	690.65	693.74	696.83	699.92
Woodie	640.09	651.93	673.80	685.64	707.51	719.35	741.22
Fibonacci	650.26	663.14	671.10	683.97	696.85	704.81	717.68

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	574.15	600.29	637.59	663.73	701.03	727.17	764.47
Camarilla	657.43	663.25	669.07	674.88	680.70	686.51	692.33
Woodie	579.72	603.08	643.16	666.52	706.60	729.96	770.04
Fibonacci	600.29	624.53	639.50	663.73	687.97	702.94	727.17

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):	65.54
MACD (12,26,9):	12.9700
Directional Movement:	18.32
AROON (14):	100.00
DEMA (21):	687.28
Parabolic SAR (0,02-0,02-0,2):	663.78
Elder Ray (13):	11.35
Super Trend (3,10):	646.02
Zig ZAG (10):	690.65
VORTEX (21):	1.1700
Stochastique (14,3,5):	82.52
TEMA (21):	688.41
Williams %R (14):	-15.25
Chande Momentum Oscillator (20):	14.82
Repulse (5,40,3):	2.7900
ROCnROLL:	1
TRIX (15,9):	0.3100
Courbe Coppock:	7.87

MA7:	680.47
MA20:	669.35
MA50:	634.17
MA100:	619.32
MAexp7:	681.11
MAexp20:	669.47
MAexp50:	645.35
MAexp100:	613.11
Price / MA7:	+1.50%
Price / MA20:	+3.18%
Price / MA50:	+8.91%
Price / MA100:	+11.52%
Price / MAexp7:	+1.40%
Price / MAexp20:	+3.16%
Price / MAexp50:	+7.02%
Price / MAexp100:	+12.65%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

The last news published on NETFLIX INC. at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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