Weaker Buy Today NFLX ranks #1079 as BUY CANDIDATE #1079 Stronger Buy

Netflix stock forecast

NFLX stock forecast

Wednesday June 19, 2019 Change 1.79% Price $363.52
Chart period: 2019-03-20 - 2019-06-19
VOLUME
Buy
TREND
Sell
MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

Will NFLX stock price go up or down on Thu, 20 Jun 2019?

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Netflix Forecast and Stock Analysis

Technical NFLX stock analysis for Wednesday June 19, 2019.

Buy candidate since 2019-06-19


Netflix gained 1.79% in the last trading day ( Wednesday, 19th Jun 2019 ), rising from $357.12 to $363.52 , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During day the stock fluctuated 2.42% from a day low at $356.12 to a day high of $364.74. The price has been going up and down for this period, and there has been a 2.19% gain for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 0.28 million more shares were traded than the day before. In total, 5.62 million shares bought and sold for approximately $2 041.74 million.

Quick summary:

  • 30 day high of the NFLX stock price was $370.46 and low was $332.65.
  • 90 day high was $385.99 and low was $332.65.
  • 52 week high for the Netflix - $423.21 and low - $231.23.

Trend

Netflix lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.75% during the next 3 months and, with 90% probability hold a price between $317.24 and $357.67 at the end of this period.

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Signals

Only positive signals in the chart today. Netflix holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $350.18 and $356.42. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday June 14, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.

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A sell signal from a double top formation was found on Friday June 07, 2019 and based on theory for this formation the price should fall by -32.72% to $327.01 within 11 trading days since signal was issued (Monday June 24, 2019).

Relative Strength Index (RSI)

RSI14 is 57 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 $359.46.

Support: $359.46 Price: $363.52 Resistance: $375.22

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 $8.62 (2.42%) between high and low. For the last week, the stock has had a daily average volatility of 2.47%.

Our recommended stoploss: $348.72 (-4.07%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 3 days ago.)

2.47 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Evaluation:

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.

Buy Candidate Upgraded
Weaker Buy Today NFLX ranks #1079 as BUY CANDIDATE #1079 Stronger Buy

Will NFLX stock price go up or down on Thu, 20 Jun 2019?

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