Netflix, Inc. (NASDAQ:NFLX) Stock Falls 3%
Netflix (NASDAQ:NFLX) Stock fell by 3.07% to trade at $352.95 by 13:08 (17:08 GMT) on Wednesday on the NASDAQ exchange.
The volume of Netflix shares traded since the start of the session was 2.83M. Netflix has traded in a range of $352.73 to $362.60 on the day.
The stock has traded at $393.5200 at its highest and $341.7200 at its lowest during the past seven days.
Overall, the bias in prices is: Sideways.
The projected upper bound is: 377.53.
The projected lower bound is: 323.14.
The projected closing price is: 350.34.
A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 7 white candles and 3 black candles for a net of 4 white candles. During the past 50 bars, there have been 26 white candles and 24 black candles for a net of 2 white candles.
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 23.4043. This is not an overbought or oversold reading. The last signal was a buy 10 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 43.85. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 13 period(s) ago.
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -131.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a buy 7 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 12 period(s) ago.
Rex Takasugi – TD Profile
NETFLIX INC closed down -14.210 at 349.920. Volume was 7% below average (neutral) and Bollinger Bands were 12% wider than normal.
Open High Low Close Volume___
358.920 362.980 344.790 349.920 6,058,782
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 367.66 356.08 323.44
Volatility: 67 49 43
Volume: 8,095,896 7,015,023 7,288,396
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
NETFLIX INC is currently 8.2% above its 200-period moving average and is in an downward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term. Our volume indicators reflect volume flowing into and out of NFLX.O at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on NFLX.O and have had this outlook for the last 2 periods.