Netflix, Inc.Long
NFLX consolidation
NFLX has been fairly choppy without much of a move in some time now.
Broke 466 back in June which was prior resistance, now has become heavy support with a back test 4 times since and held every time.
Currently sitting just above the .786 fib line which is 483
Given the history I would expect this to make a move up to the .618 at a minimum and possibly back to .50 (517) which was tested on November 5th.
Most know how quickly this stock can run so keep that in mind. We are not far off the major support so a long position should be a safe play.
Information pulled from Barchart.
1-Month High 518.73
515.54 50% Retracement From 13 Week High/Low
507.67 14-3 Day Raw Stochastic at 80%
503.82 Price Crosses 40 Day Moving Average
502.14 14-3 Day Raw Stochastic at 70%
502.11 38.2% Retracement From 13 Week Low
Pivot Point 2nd Level Resistance 501.38
497.60 38.2% Retracement From 4 Week High
Pivot Point 1st Resistance Point 494.81
High 494.76 High
492.73 14 Day RSI at 50%
491.07 50% Retracement From 4 Week High/Low
491.07 14-3 Day Raw Stochastic at 50%
490.65 Price Crosses 40 Day Moving Average Stalls
488.37 Price Crosses 18 Day Moving Average
Last 488.24 Last
488.19 Pivot Point
487.16 3-10 Day MACD Oscillator Stalls
486.24 Price Crosses 9 Day Moving Average Stalls
Previous Close 484.67 Previous Close
484.54 38.2% Retracement From 4 Week Low
484.35 Price Crosses 9 Day Moving Average
Pivot Point 1st Support Point 481.62
Low 481.57 Low
480.24 Price Crosses 18 Day Moving Average Stalls
480.01 14-3 Day Raw Stochastic at 30%
478.22 14 Day %k Stochastic Stalls
477.97 14 Day %d Stochastic Stalls
Pivot Point 2nd Support Point 475.00
474.47 14-3 Day Raw Stochastic at 20%
473.82 3-10-16 Day MACD Moving Average Stalls
466.45 38.2% Retracement From 52 Week High
1-Month Low 463.41
13-Week Low 458.60
432.81 50% Retracement From 52 Week High/Low
14 Day RSI at 30% 423.40
399.17 38.2% Retracement From 52 Week Low
14 Day RSI at 20% 336.74
52-Week Low 290.25
Broke 466 back in June which was prior resistance, now has become heavy support with a back test 4 times since and held every time.
Currently sitting just above the .786 fib line which is 483
Given the history I would expect this to make a move up to the .618 at a minimum and possibly back to .50 (517) which was tested on November 5th.
Most know how quickly this stock can run so keep that in mind. We are not far off the major support so a long position should be a safe play.
Information pulled from Barchart.
1-Month High 518.73
515.54 50% Retracement From 13 Week High/Low
507.67 14-3 Day Raw Stochastic at 80%
503.82 Price Crosses 40 Day Moving Average
502.14 14-3 Day Raw Stochastic at 70%
502.11 38.2% Retracement From 13 Week Low
Pivot Point 2nd Level Resistance 501.38
497.60 38.2% Retracement From 4 Week High
Pivot Point 1st Resistance Point 494.81
High 494.76 High
492.73 14 Day RSI at 50%
491.07 50% Retracement From 4 Week High/Low
491.07 14-3 Day Raw Stochastic at 50%
490.65 Price Crosses 40 Day Moving Average Stalls
488.37 Price Crosses 18 Day Moving Average
Last 488.24 Last
488.19 Pivot Point
487.16 3-10 Day MACD Oscillator Stalls
486.24 Price Crosses 9 Day Moving Average Stalls
Previous Close 484.67 Previous Close
484.54 38.2% Retracement From 4 Week Low
484.35 Price Crosses 9 Day Moving Average
Pivot Point 1st Support Point 481.62
Low 481.57 Low
480.24 Price Crosses 18 Day Moving Average Stalls
480.01 14-3 Day Raw Stochastic at 30%
478.22 14 Day %k Stochastic Stalls
477.97 14 Day %d Stochastic Stalls
Pivot Point 2nd Support Point 475.00
474.47 14-3 Day Raw Stochastic at 20%
473.82 3-10-16 Day MACD Moving Average Stalls
466.45 38.2% Retracement From 52 Week High
1-Month Low 463.41
13-Week Low 458.60
432.81 50% Retracement From 52 Week High/Low
14 Day RSI at 30% 423.40
399.17 38.2% Retracement From 52 Week Low
14 Day RSI at 20% 336.74
52-Week Low 290.25
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