Previous Hold Today NFLX ranks #2050 as HOLD CANDIDATE. Next Hold
Today NFLX ranks #2050 as HOLD CANDIDATE.

NFLX stock Netflix

NFLX stock
Netflix

March 22, 2019
Change -4.46%
Chart period: 2018-12-24 - 2019-03-22
VOLUME
Buy
TREND
Hold

MV LONG
Buy

MV SHORT
Sell

PIVOT
Sell

MACD
Buy

Will NFLX stock price go up or down on Tue, 26 Mar 2019?

Netflix Forecast and Stock Analysis

Technical NFLX stock analysis for March 22, 2019.

Hold candidate since 2019-03-22
Shorts n/a
Cash n/a
Loans n/a
Beta 1.38
ROA 5.38

Netflix fell by -4.46% in the last day from $377.87 to $361.01 The price has risen in 6 of the last 10 days and is up by 3.26% over the past 2 weeks. Volume has increased in the last day by 0.10 million shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 8.63 million shares bought and sold for approximately $3 114.22 million.

Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the NFLX stock was $361.01. This is 4.46% less than the trading day before Thursday, 21st Mar 2019.

During day the stock fluctuated 4.55% from a day low at $360.04 to a day high of $376.43.

30 day high of the NFLX stock price was $379.00 and low was $342.47.
90 day high was $379.00 and low was $231.23.
52 week high for the Netflix - $423.21 and low - $231.23.

Trend

Netflix has broken the wide and strong rising short-term trend down. This signalize a slower rising rate, but may also be an early warning about a possible trend shift. Due to trend being broken there will now be resistance at the bottom line of the trend at $364.45. A reaction back to this level may hold a second chance to get out before further falls.

Click here for today's Top 5 Trending Companies

Signals

There are mixed signals in the stock today. A sales signal was issued from a pivot top point on Thursday March 21, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Netflix holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $365.23. On a fall, the stock will find some support from the long-term average at approximately $357.54. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal.

Access today's Top 5 Golden Star Companies

Relative Strength Index (RSI)

RSI14 is 56 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Netflix finds support from accumulated volume at $354.64.

Support: $354.64 Price: $361.01 Resistance: $361.46

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $16.39 (4.55%) between high and low. For the last week, the stock has had a daily average volatility of 3.49%.

Our recommended stoploss: $343.63 (-4.82%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation: Hold/Accumulate

Netflix holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Strong Buy Candidate to a Hold/Accumulate.

Previous Hold Today NFLX ranks #2050 as HOLD CANDIDATE. Next Hold
Today NFLX ranks #2050 as HOLD CANDIDATE.