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NETFLIX INC.
NETFLIX INC.
- USD (-)
- 15 min delayed data - NASDAQ Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: NFLX
ISIN:

NETFLIX INC. - 1H - Technical analysis published on 08/20/2024 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : INVALID

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 691.69 USD
My targets
713.62 USD (+2.14%)
747.00 USD (+6.91%)
My analysis
NETFLIX INC. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 691.69 USD. The next resistance located at 713.62 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 747.00 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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
0
10
8.8

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.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The NETFLIX INC. rating is 698.69 USD. The price registered an increase of +1.48% on the session with the lowest point at 688.24 USD and the highest point at 711.33 USD. The deviation from the price is +1.52% for the low point and -1.78% for the high point.

688.24
711.33
698.69

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Central Gaps

Opening Gap UP

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner for higher/lower results shows the following items:

Central Records

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


A technical analysis in 1H of this NETFLIX INC. chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly



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:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Central Candlesticks

Bullish doji star

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
Price


S3S2S1Price
ProTrendLines 646.86 679.11 691.69 698.69
Change (%) -7.42% -2.80% -1.00% -
Change -51.83 -19.58 -7.00 -
Level Intermediate Intermediate Major -



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard662.08667.50678.01683.43693.94699.36709.87
Camarilla684.15685.61687.07688.53689.99691.45692.91
Woodie664.64668.77680.57684.70696.50700.63712.43
Fibonacci667.50673.58677.34683.43689.51693.27699.36


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard587.52607.30640.68660.46693.84713.62747.00
Camarilla659.45664.32669.20674.07678.94683.82688.69
Woodie594.33610.70647.49663.86700.65717.02753.81
Fibonacci607.30627.60640.15660.46680.76693.31713.62


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard517.25567.12597.74647.61678.23728.10758.72
Camarilla606.22613.59620.97628.35635.73643.11650.49
Woodie507.62562.31588.11642.80668.60723.29749.09
Fibonacci567.12597.87616.87647.61678.36697.36728.10

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): 70.31
MACD (12,26,9): 10.4300
Directional Movement: 40.39
AROON (14): 64.29
DEMA (21): 695.08
Parabolic SAR (0,02-0,02-0,2): 688.05
Elder Ray (13): 10.10
Super Trend (3,10): 683.82
Zig ZAG (10): 697.39
VORTEX (21): 1.2700
Stochastique (14,3,5): 75.44
TEMA (21): 697.42
Williams %R (14): -33.23
Chande Momentum Oscillator (20): 21.41
Repulse (5,40,3): 0.8100
ROCnROLL: 1
TRIX (15,9): 0.2000
Courbe Coppock: 6.14
MA7: 666.73
MA20: 638.39
MA50: 654.82
MA100: 633.25
MAexp7: 692.85
MAexp20: 681.51
MAexp50: 664.27
MAexp100: 652.06
Price / MA7: +4.79%
Price / MA20: +9.45%
Price / MA50: +6.70%
Price / MA100: +10.33%
Price / MAexp7: +0.84%
Price / MAexp20: +2.52%
Price / MAexp50: +5.18%
Price / MAexp100: +7.15%

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.

About author

Londinia
Londinia AI

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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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