NETFLIX INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

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Change:	-
Volume:	-

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Type:	Stocks
Ticker:	NFLX
ISIN:

NETFLIX INC. - 1H - Technical analysis published on 05/15/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

11%

50%

39%

My opinion

Bullish above 605.26 USD

My targets

624.03 USD (+1.87%)

636.18 USD (+3.85%)

My analysis

Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 605.26 USD remains possible. It is advisable to trade NETFLIX INC. with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 605.26 USD. The next bullish objective for buyers is set at 624.03 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 636.18 USD. If there is any crossing, the next objective would be the resistance located at 691.69 USD. PS: if there is a bearish break in the support located at 605.26 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

In the very short term, technical indicators are in opposition with the general bullish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.

Force

Comment on the analysis

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.

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Additional analysis

Quotes

The NETFLIX INC. rating is 612.60 USD. On the day, this instrument lost -0.17% and was between 609.10 USD and 624.10 USD. This implies that the price is at +0.57% from its lowest and at -1.84% from its highest.

609.10

624.10

612.60

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

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 study of the highest / lowest by the Central Records scanner shows the following results:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a 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 bullish trend. The signals given by moving averages are 75.00% bullish. This bullish trend could slow down given the neutral 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, only 9 technical indicators out of 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

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 channel

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	566.54	586.34	605.26	612.60	624.03	636.18	691.69
Change (%)	-7.52%	-4.29%	-1.20%	-	+1.87%	+3.85%	+12.91%
Change	-46.06	-26.26	-7.34	-	+11.43	+23.58	+79.09
Level	Minor	Major	Major	-	Minor	Major	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	594.47	601.43	607.55	614.51	620.63	627.59	633.71
Camarilla	610.06	611.26	612.46	613.66	614.86	616.06	617.26
Woodie	594.04	601.22	607.12	614.30	620.20	627.38	633.28
Fibonacci	601.43	606.43	609.52	614.51	619.51	622.60	627.59

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	542.36	561.30	586.09	605.03	629.82	648.76	673.55
Camarilla	598.84	602.85	606.86	610.87	614.88	618.89	622.90
Woodie	545.28	562.76	589.01	606.49	632.74	650.22	676.47
Fibonacci	561.30	578.01	588.33	605.03	621.74	632.06	648.76

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	418.44	480.23	515.43	577.22	612.42	674.21	709.41
Camarilla	523.97	532.86	541.75	550.64	559.53	568.42	577.31
Woodie	405.16	473.58	502.15	570.57	599.14	667.56	696.13
Fibonacci	480.23	517.28	540.17	577.22	614.27	637.16	674.21

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):	50.52
MACD (12,26,9):	1.1700
Directional Movement:	9.50
AROON (14):	21.43
DEMA (21):	614.98
Parabolic SAR (0,02-0,02-0,2):	623.81
Elder Ray (13):	-2.45
Super Trend (3,10):	606.49
Zig ZAG (10):	612.05
VORTEX (21):	1.0100
Stochastique (14,3,5):	19.64
TEMA (21):	612.27
Williams %R (14):	-76.18
Chande Momentum Oscillator (20):	-4.45
Repulse (5,40,3):	-0.3000
ROCnROLL:	-1
TRIX (15,9):	0.0400
Courbe Coppock:	0.12

MA7:	611.60
MA20:	583.17
MA50:	603.54
MA100:	570.62
MAexp7:	612.98
MAexp20:	612.87
MAexp50:	606.20
MAexp100:	597.81
Price / MA7:	+0.16%
Price / MA20:	+5.05%
Price / MA50:	+1.50%
Price / MA100:	+7.36%
Price / MAexp7:	-0.06%
Price / MAexp20:	-0.04%
Price / MAexp50:	+1.06%
Price / MAexp100:	+2.47%

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.

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