Solid News

Netflix Inc., Technical Analysis

9/15/2022 11:40 AM

Shares of Netflix Inc., an American entertainment company, are on a corrective trend at 224.00.

On the daily chart, the price continues its poor upward trend, trying to reach the price gap closing level of April 20 between 250.00–330.00.

The four-hour chart shows that the upside potential is quite high, despite the unsuccessful test of the key resistance level of 250.00. Soon, another attempt to reach it may follow. Otherwise, the quotes may return to the support level at 207.00.

Technical indicators have changed the upward signal to neutral: the Alligator indicator's EMA oscillation range has narrowed almost completely, and the histogram of the AO oscillator is forming ambiguous bars in the buying zone.

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