Netflix Inc (NFLX) Goes Down 3rd Straight Day; in an...

Netflix Inc (NFLX) Goes Down 3rd Straight Day; in an...
Netflix Inc (NFLX) Goes Down 3rd Straight Day; in an...

The hourly view for NFLX

Last updated on October 21, 2020, 11:16 am GMT

Currently, the price of NFLX is down $ 1.86 (-0.35%) from the previous hour. The hourly chart shows that NFLX has seen 2 hours without a break. Regarding the trend, note that the strongest trend is in the 100 hour period. Price action traders may also want to note that we are seeing a pin-bar candlestick pattern on NFLX. Given the downtrend in the 20 hour candlestick timeframe and the fact that such candlestick patterns often represent reversals, this may be worth noting. The hourly moving averages indicate price volatility as the values ​​for 20, 50 and 100 are all mixed. This means that the trend is inconsistent over the time periods and indicates potential Opportunity for Rangebound traders.

Netflix Inc. daily pricing overview

Netflix Inc closed the day before 1% decrease ($ 5.3);; This means the 3rd day in a row on which a decrease occurred. In terms of volume, yesterday’s volume rose 34.23% from the previous day (Monday) and 110.14% from Tuesday the previous week. Below is a daily price list from Netflix Inc.

Technical analysis by Netflix Inc.

Netflix Inc is close to its 20-day average of 516.9 today, so it may be at an important point in this period. Trend traders will want to watch that The strongest trend is on the 30th day Horizon; During this period the price has increased. For additional context, note that the price has increased 7 in the last 14 days.

Overheard on the Internet

Here at StockTwits, here’s an example of what they are saying about NFLX:

$ NFLX If their growth expectation is per attachment (Nasdaq) then someone is really misrating this company. With a discount rate of 0.25, this stock price should be close to $ 800. Careful bears, you really should act short term. The market is irrational so the price can keep going down, but don’t come up to me and tell me if you short the stock at this price because it doesn’t make any sense, you are a genius …

– Spidergirl

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