NETFLIX INC. - 15 min. - Technical analysis published on 10/25/2023 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 412.94 USD
My targets
417.48 USD (+0.91%)
421.24 USD (+1.81%)
My analysis
The bullish trend is currently very strong on NETFLIX INC.. As long as the price remains above the support at 412.94 USD, you could try to benefit from the boom. The first bullish objective is located at 417.48 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 421.24 USD as an objective. Crossing it would then enable buyers to target 425.78 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.6
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This analysis was given by Barts_XV. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NETFLIX INC. rating 413.73 USD. The price has increased by +1.69% since the last closing with the lowest point at 408.39 USD and the highest point at 416.69 USD. The deviation from the price is +1.31% for the low point and -0.71% for the high point.408.39
416.69
413.73
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.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by NETFLIX INC.:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 15 min. 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 market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 15 minutes
In fact, 15 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 : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 15 minutes
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 15 minutes
Near resistance of channel
Type : Bearish
Timeframe : 15 minutes
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish harami
Type : Bearish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 367.96 | 394.91 | 410.64 | 413.73 | 418.97 | 448.68 | 484.98 |
Change (%) | -11.06% | -4.55% | -0.75% | - | +1.27% | +8.45% | +17.22% |
Change | -45.77 | -18.82 | -3.09 | - | +5.24 | +34.95 | +71.25 |
Level | Intermediate | Intermediate | Intermediate | - | Major | Intermediate | 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 | 400.88 | 404.64 | 409.18 | 412.94 | 417.48 | 421.24 | 425.78 |
Camarilla | 411.45 | 412.21 | 412.97 | 413.73 | 414.49 | 415.25 | 416.01 |
Woodie | 401.28 | 404.84 | 409.58 | 413.14 | 417.88 | 421.44 | 426.18 |
Fibonacci | 404.64 | 407.81 | 409.77 | 412.94 | 416.11 | 418.07 | 421.24 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 294.34 | 319.53 | 360.25 | 385.44 | 426.16 | 451.35 | 492.07 |
Camarilla | 382.84 | 388.88 | 394.92 | 400.96 | 407.00 | 413.04 | 419.09 |
Woodie | 302.10 | 323.41 | 368.01 | 389.32 | 433.92 | 455.23 | 499.83 |
Fibonacci | 319.53 | 344.71 | 360.27 | 385.44 | 410.62 | 426.18 | 451.35 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 265.63 | 318.37 | 347.98 | 400.72 | 430.33 | 483.07 | 512.68 |
Camarilla | 354.95 | 362.50 | 370.05 | 377.60 | 385.15 | 392.70 | 400.25 |
Woodie | 254.08 | 312.59 | 336.43 | 394.94 | 418.78 | 477.29 | 501.13 |
Fibonacci | 318.37 | 349.82 | 369.26 | 400.72 | 432.17 | 451.61 | 483.07 |
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): | 62.33 | |
MACD (12,26,9): | 1.3800 | |
Directional Movement: | 14.38 | |
AROON (14): | 71.43 | |
DEMA (21): | 413.64 | |
Parabolic SAR (0,02-0,02-0,2): | 410.04 | |
Elder Ray (13): | 1.09 | |
Super Trend (3,10): | 409.11 | |
Zig ZAG (10): | 413.73 | |
VORTEX (21): | 1.0400 | |
Stochastique (14,3,5): | 77.19 | |
TEMA (21): | 413.49 | |
Williams %R (14): | -15.81 | |
Chande Momentum Oscillator (20): | 3.74 | |
Repulse (5,40,3): | 0.2500 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0500 | |
Courbe Coppock: | 1.24 |
MA7: | 383.72 | |
MA20: | 377.39 | |
MA50: | 399.95 | |
MA100: | 415.70 | |
MAexp7: | 413.04 | |
MAexp20: | 411.75 | |
MAexp50: | 408.31 | |
MAexp100: | 400.79 | |
Price / MA7: | +7.82% | |
Price / MA20: | +9.63% | |
Price / MA50: | +3.45% | |
Price / MA100: | -0.47% | |
Price / MAexp7: | +0.17% | |
Price / MAexp20: | +0.48% | |
Price / MAexp50: | +1.33% | |
Price / MAexp100: | +3.23% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The last news published on NETFLIX INC. at the time of the generation of this analysis was as follows:
- Thinking about trading options or stock in DraftKings, Carnival Corp, Meta Platforms, Netflix, or Sea Ltd?
- Redbox Adding More Catalog and Niche Titles to Serve Former Netflix DVD Customers
- Netflix to Announce Third Quarter 2023 Financial Results
- Netflix CFO to Present at the BofA Media, Communications & Entertainment Conference
- Prince Harry reveals mental struggles in new Netflix documentary
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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