NFLX dominated by bulls lifting the market higher throughout the day


Netflix Inc. (NFLX) Technical Analysis Report for Jun 14, 2018 [< 1 min read]
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
TQ Sentiment
Report Sentiment: 60% Bullish
Technical Forecast:
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 chart for NFLX
Volatility

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.

Trend

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

Conclusion

Even though both sentiments are bullish for the next trading day, the classical technical analysis metrics are only slightly bullish while our quantitative statistics show a very bullish sentiment.

Market Conditions for Netflix Inc.
Condition Forecast Direction Win Avg Worst Best Events
Close to R1 Resistance TQ Pro Members Only
Bearish High-Wave Candle TQ Pro Members Only
Closed below last periods low TQ Pro Members Only
6 Consecutive Lower Closes TQ Pro Members Only
Bounced off Technical Resistance R1 TQ Pro Members Only
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