Netflix Inc (NFLX) Stock: What Does the Chart Say Tuesday?

Tuesday, March 07, 2023 01:44 PM | InvestorsObserver Analysts

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Netflix Inc (NFLX) stock has fallen 3.98% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

Netflix Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on NFLX!
See Full NFLX Report

What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With NFLX Stock Today?

Netflix Inc (NFLX) stock is trading at $309.30 as of 1:43 PM on Tuesday, Mar 7, a decline of -$2.73, or -0.87% from the previous closing price of $312.03. The stock has traded between $306.62 and $314.30 so far today. Volume today is light. So far 2,830,037 shares have traded compared to average volume of 6,859,448 shares.

More About Netflix Inc

Netflix's primary business is a streaming video on demand service now available in almost every country worldwide except China. The firm primarily generates revenue from subscriptions to its eponymous service. Netflix delivers original and third-party digital video content to PCs, internet-connected TVs, and consumer electronic devices, including tablets, video game consoles, Apple TV, Roku, and Chromecast. Netflix is the largest SVOD platform in the world with over 220 million subscribers globally. Click Here to get the full Stock Report for Netflix Inc stock.

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