NETFLIX INC. - 1H - Technical analysis published on 04/24/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Neutral
Technical indicators
28%
33%
39%
My opinion
Bearish under 439.17 USD
My targets
418.97 USD (-1.00%)
413.40 USD (-2.32%)
My analysis
The strong short-term decrease of NETFLIX INC. should quickly allow the basic trend to become bearish. As long as the price remains below the resistance located at 439.17 USD, a sale could be considered. The first bearish objective is located at 418.97 USD. The bearish momentum would be boosted by a support break. Sellers could then target the support located at 413.40 USD. If there is any crossing, the next objective would be support 385.03 USD. Caution, if there is a return to above 439.17 USD, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
1.6
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NETFLIX INC. price is 423.22 USD. The price registered an increase of -0.82% on the session with the lowest point at 415.88 USD and the highest point at 427.17 USD. The deviation from the price is +1.76% for the low point and -0.92% for the high point.415.88
427.17
423.22
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of NETFLIX INC. in 1H shows a neutral overall trend. This indecision could turn into a bearish trend due to the strong bearish signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 7 are neutral and 6 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
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 support
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 357.34 | 385.03 | 418.97 | 423.22 | 439.17 |
| Change (%) | -15.57% | -9.02% | -1.00% | - | +3.77% |
| Change | -65.88 | -38.19 | -4.25 | - | +15.95 |
| Level | Minor | Major | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 398.68 | 408.97 | 417.84 | 428.12 | 436.99 | 447.28 | 456.14 |
| Camarilla | 421.43 | 423.19 | 424.94 | 426.70 | 428.46 | 430.21 | 431.97 |
| Woodie | 397.97 | 408.62 | 417.12 | 427.77 | 436.28 | 446.92 | 455.43 |
| Fibonacci | 408.97 | 416.29 | 420.81 | 428.12 | 435.44 | 439.96 | 447.28 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 295.48 | 331.60 | 377.28 | 413.40 | 459.08 | 495.20 | 540.88 |
| Camarilla | 400.47 | 407.96 | 415.46 | 422.96 | 430.46 | 437.96 | 445.46 |
| Woodie | 300.26 | 333.99 | 382.06 | 415.79 | 463.86 | 497.59 | 545.66 |
| Fibonacci | 331.60 | 362.85 | 382.15 | 413.40 | 444.65 | 463.95 | 495.20 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 209.39 | 249.82 | 312.66 | 353.09 | 415.93 | 456.36 | 519.20 |
| Camarilla | 347.10 | 356.57 | 366.03 | 375.50 | 384.97 | 394.43 | 403.90 |
| Woodie | 220.60 | 255.42 | 323.87 | 358.69 | 427.14 | 461.96 | 530.41 |
| Fibonacci | 249.82 | 289.27 | 313.64 | 353.09 | 392.54 | 416.91 | 456.36 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 46.16 | |
| MACD (12,26,9): | -1.1900 | |
| Directional Movement: | -7.13 | |
| AROON (14): | -42.85 | |
| DEMA (21): | 426.17 | |
| Parabolic SAR (0,02-0,02-0,2): | 437.52 | |
| Elder Ray (13): | -3.66 | |
| Super Trend (3,10): | 416.83 | |
| Zig ZAG (10): | 423.08 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 27.29 | |
| TEMA (21): | 423.03 | |
| Williams %R (14): | -66.45 | |
| Chande Momentum Oscillator (20): | -0.08 | |
| Repulse (5,40,3): | 0.0700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 0.82 |
| MA7: | 429.36 | |
| MA20: | 396.77 | |
| MA50: | 373.91 | |
| MA100: | 353.72 | |
| MAexp7: | 425.20 | |
| MAexp20: | 427.26 | |
| MAexp50: | 423.60 | |
| MAexp100: | 410.12 | |
| Price / MA7: | -1.43% | |
| Price / MA20: | +6.67% | |
| Price / MA50: | +13.19% | |
| Price / MA100: | +19.65% | |
| Price / MAexp7: | -0.47% | |
| Price / MAexp20: | -0.95% | |
| Price / MAexp50: | -0.09% | |
| Price / MAexp100: | +3.19% |
News
Don"t forget to follow the news on NETFLIX INC.. At the time of publication of this analysis, the latest news was as follows:
- Netflix Prices Offerings of Senior Notes
-
S&P 500 and Gold Suggest US Stimulus and Netflix Struggle to Distract from Recession
-
Will Netflix struggle to find new content amid coronavirus quarantine?
- Netflix Announces Proposed $1.0 Billion Offering of Senior Notes
-
S&P 500 Slump Follows Oil's Slide, but Netflix and US Stimulus May Change Equation
This member declared not having a position on this financial instrument or a related financial instrument.
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