NETFLIX INC. - 1H - Technical analysis published on 06/22/2021 (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
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
11%
17%
My opinion
Bullish above 503.55 USD
My targets
511.76 USD (+0.76%)
540.59 USD (+6.43%)
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 503.55 USD. The next resistance located at 511.76 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 540.59 USD. After this resistance, buyers could then target 555.60 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
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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
NETFLIX INC. rating 507.91 USD. The price has increased by +2.20% since the last closing and was traded between 495.80 USD and 509.80 USD over the period. The price is currently at +2.44% from its lowest and -0.37% from its highest.495.80
509.80
507.91
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
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 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 13 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 499.02 | 503.55 | 506.36 | 507.91 | 511.76 | 540.59 | 555.60 |
Change (%) | -1.75% | -0.86% | -0.31% | - | +0.76% | +6.43% | +9.39% |
Change | -8.89 | -4.36 | -1.55 | - | +3.85 | +32.68 | +47.69 |
Level | Intermediate | Major | Minor | - | Intermediate | Minor | 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 | 482.40 | 487.34 | 492.17 | 497.11 | 501.94 | 506.88 | 511.71 |
Camarilla | 494.31 | 495.21 | 496.10 | 497.00 | 497.90 | 498.79 | 499.69 |
Woodie | 482.35 | 487.31 | 492.12 | 497.08 | 501.89 | 506.85 | 511.66 |
Fibonacci | 487.34 | 491.07 | 493.38 | 497.11 | 500.84 | 503.15 | 506.88 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 471.66 | 478.97 | 489.87 | 497.18 | 508.08 | 515.39 | 526.29 |
Camarilla | 495.76 | 497.43 | 499.10 | 500.77 | 502.44 | 504.11 | 505.78 |
Woodie | 473.46 | 479.87 | 491.67 | 498.08 | 509.88 | 516.29 | 528.09 |
Fibonacci | 478.97 | 485.93 | 490.22 | 497.18 | 504.14 | 508.43 | 515.39 |
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 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): | 69.65 | |
MACD (12,26,9): | 0.9300 | |
Directional Movement: | 25.93 | |
AROON (14): | 57.14 | |
DEMA (21): | 499.17 | |
Parabolic SAR (0,02-0,02-0,2): | 492.28 | |
Elder Ray (13): | 4.77 | |
Super Trend (3,10): | 492.52 | |
Zig ZAG (10): | 507.88 | |
VORTEX (21): | 1.0000 | |
Stochastique (14,3,5): | 52.44 | |
TEMA (21): | 499.06 | |
Williams %R (14): | -13.13 | |
Chande Momentum Oscillator (20): | 5.15 | |
Repulse (5,40,3): | 2.2100 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0200 | |
Courbe Coppock: | 1.11 |
MA7: | 498.16 | |
MA20: | 496.57 | |
MA50: | 504.33 | |
MA100: | 519.30 | |
MAexp7: | 499.05 | |
MAexp20: | 498.06 | |
MAexp50: | 496.50 | |
MAexp100: | 495.92 | |
Price / MA7: | +1.96% | |
Price / MA20: | +2.28% | |
Price / MA50: | +0.71% | |
Price / MA100: | -2.19% | |
Price / MAexp7: | +1.78% | |
Price / MAexp20: | +1.98% | |
Price / MAexp50: | +2.30% | |
Price / MAexp100: | +2.42% |
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:
- Netflix to Announce Second-Quarter 2021 Financial Results
- 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
- Why Shares Of Netflix Are Down By 8% Today?
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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