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Advanced TA SearchArchive
- 4/5/2024 -
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NetFlix Inc (NFLX) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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| | It was a first positive week for the NetFlix Inc (NFLX). During the week, the NFLX gained 28.85 points, or 4.75%, and closed at 636.18 on Friday, April 5, 2024. Weekly volume was -51% below average.
 Long-term trend: [See NFLX long-term trend chart]
A long-term uptrend had started on May 12, 2022 at 162.71 and reached 638.00 on April 4, 2024. NFLX gained -475.29 points, or -292.11%, in 99 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (653.24). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.
 Medium-term trend: [See NFLX medium-term trend chart]
A medium-term uptrend had started on October 18, 2023 at 344.73 and reached 638.00 on April 4, 2024. NFLX gained -293.27 points, or -85.07%, in 24 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (627.22) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See NFLX weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is above its signal line since November 10, 2023. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.
 Short-term trend: [See NFLX short-term trend chart]
A short-term uptrend had started on March 28, 2024 at 601.59 and reached 638.00 on April 4, 2024. NFLX gained -36.41 points, or -6.05%, in 7 days. Price is near the trend high.
 Daily Technical Indicators: [See NFLX daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since March 5, 2024. The distance between MACD and the signal line is low and getting smaller.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The distance between the Bollinger Bands (6.02%) is close to one year low (6.05%). It is 60.42% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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