NETFLIX INC. - 1H - Technical analysis published on 06/03/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 493.43 USD
My targets
482.79 USD (-1.33%)
478.59 USD (-2.19%)
My analysis
NETFLIX INC. is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 493.43 USD. The next support located at 482.79 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 478.59 USD. Below this support, sellers could then target 470.23 USD.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.4
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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. rating is 489.31 USD. On the day, this instrument lost -1.99% and was traded between 487.80 USD and 496.66 USD over the period. The price is currently at +0.31% from its lowest and -1.48% from its highest.487.80
496.66
489.31
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this NETFLIX INC. chart shows a bearish trend. The signals given by moving averages are 75.00% bearish. This bearish trend is reinforced 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.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
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:
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 presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Three black crows
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 470.23 | 478.59 | 482.79 | 489.31 | 493.43 | 498.69 | 503.35 |
| Change (%) | -3.90% | -2.19% | -1.33% | - | +0.84% | +1.92% | +2.87% |
| Change | -19.08 | -10.72 | -6.52 | - | +4.12 | +9.38 | +14.04 |
| Level | Intermediate | Intermediate | Minor | - | Major | Intermediate | Minor |
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 | 488.23 | 492.03 | 495.63 | 499.43 | 503.03 | 506.83 | 510.43 |
| Camarilla | 497.21 | 497.88 | 498.56 | 499.24 | 499.92 | 500.60 | 501.28 |
| Woodie | 488.14 | 491.98 | 495.54 | 499.38 | 502.94 | 506.78 | 510.34 |
| Fibonacci | 492.03 | 494.85 | 496.60 | 499.43 | 502.25 | 504.00 | 506.83 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 483.76 | 491.15 | 496.98 | 504.37 | 510.20 | 517.59 | 523.42 |
| Camarilla | 499.18 | 500.39 | 501.60 | 502.81 | 504.02 | 505.23 | 506.45 |
| Woodie | 482.98 | 490.76 | 496.20 | 503.98 | 509.42 | 517.20 | 522.64 |
| Fibonacci | 491.15 | 496.20 | 499.32 | 504.37 | 509.42 | 512.54 | 517.59 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 440.84 | 459.69 | 481.25 | 500.10 | 521.66 | 540.51 | 562.07 |
| Camarilla | 491.70 | 495.40 | 499.11 | 502.81 | 506.51 | 510.22 | 513.92 |
| Woodie | 442.20 | 460.37 | 482.61 | 500.78 | 523.02 | 541.19 | 563.43 |
| Fibonacci | 459.69 | 475.13 | 484.66 | 500.10 | 515.54 | 525.07 | 540.51 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 30.24 | |
| MACD (12,26,9): | -2.6100 | |
| Directional Movement: | -21.45 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 494.15 | |
| Parabolic SAR (0,02-0,02-0,2): | 496.66 | |
| Elder Ray (13): | -6.26 | |
| Super Trend (3,10): | 499.75 | |
| Zig ZAG (10): | 488.93 | |
| VORTEX (21): | 0.7100 | |
| Stochastique (14,3,5): | 12.74 | |
| TEMA (21): | 491.37 | |
| Williams %R (14): | -89.30 | |
| Chande Momentum Oscillator (20): | -12.16 | |
| Repulse (5,40,3): | -0.6600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0500 | |
| Courbe Coppock: | 3.29 |
| MA7: | 499.80 | |
| MA20: | 495.63 | |
| MA50: | 513.96 | |
| MA100: | 524.11 | |
| MAexp7: | 493.28 | |
| MAexp20: | 498.18 | |
| MAexp50: | 499.63 | |
| MAexp100: | 499.72 | |
| Price / MA7: | -2.10% | |
| Price / MA20: | -1.28% | |
| Price / MA50: | -4.80% | |
| Price / MA100: | -6.64% | |
| Price / MAexp7: | -0.80% | |
| Price / MAexp20: | -1.78% | |
| Price / MAexp50: | -2.07% | |
| Price / MAexp100: | -2.08% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
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:
- Cinemark To Show Army of the Dead in Theatres Across the U.S. Prior to Release on Netflix
- Mattel Joins with 9 Story Media and Karma’s World Entertainment for Multi-Year Global Licensing Deal on Chris Bridges’ Upcoming Animated Series Karma’s World on Netflix
-
Beyond its prime? Netflix stocks tumble as the company fails to meet targets
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Why Shares Of Netflix Are Down By 8% Today?
-
Live | Netflix, Apple, Rotation from Pandemic Favorites: Jim Cramer's Stock Market Breakdown - 4/21
This member declared not having a position on this financial instrument or a related financial instrument.
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