Netflix Incorporation (NASDAQ: NFLX) vs NASDAQ - Relative Strength Comparison

Netflix Incorporation (NASDAQ: NFLX) - Technical Analysis (Daily)

• The stock is currently experiencing an upward trend.
• It previously established a Rounding Bottom Pattern.
• Following a breakout, the stock started to climb within an ascending parallel channel.
• Recently, a breakout from this channel drove the price to reach its all-time high.
• It is expected that this upward momentum will persist, leading to further price increases.

Netflix Incorporation (NASDAQ: NFLX) - RSI Indicator

• Current RSI of this stock is 73.97, which indicates the strength of buyers.

Netflix Incorporation (NASDAQ: NFLX) - ADX & DI Indicator

• Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.

Netflix Incorporation (NASDAQ: NFLX) - EMA Crossover

• The short length exponential moving average (10 EMA) has crossed the long length exponential moving average (20 EMA) from the below, generates bullish signal. Last day’s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.

Conclusion - Netflix Incorporation (NASDAQ: NFLX) Stock Price Forecast

Based on our short term trading in USA stocks, Netflix Incorporation stock price target will be USD 930 - USD 940 in the next 14-15 trading sessions.