NFLX dominated by bulls lifting the market higher throughout the day


Netflix Inc. (NFLX) Technical Analysis Report for Jun 14, 2018 | by Techniquant Editorial Team

Highlights

NFLX dominated by bulls lifting the market higher throughout the day
NFLX closes higher for the 4th day in a row
NFLX ends the day on a bullish note closing near the high of the day
NFLX pushes through previous session high
NFLX rises to highest close since Inception

Overview

Moving higher for the 4th day in a row, NFLX finished Thursday at 392.87 surging $12.94 (3.41%) on high volume. Today's closing price of 392.87 marks the highest close since Inception. The bulls were in full control today, moving the market higher throughout the whole session. Closing above Wednesday's high at 384.25, the stock confirms its breakout through the prior session's high having traded $10.78 above it intraday. Ending with a strong close near the high of the day sets a bullish note for the next session.

Daily Candlestick Chart (NFLX as at Jun 14, 2018):

Daily technical analysis candlestick chart for Netflix Inc. (NFLX) as at Jun 14, 2018

Thursday's trading range was $11.78 (3.07%), that's above last trading month's daily average range of $8.24. Weekly volatility is also higher, being way above the markets average with the monthly volatility being way above average.

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.

With four out of the other four FAANG Stocks closing higher today, the ones that stand out on the positive side are FB gaining 2.29% and GOOGL closing 1.39% higher. None of the markets ended the day in the red. Read more


Market Conditions for NFLX as at Jun 14, 2018

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