Netflix Inc (NFLX) stock has fallen 0.89% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.
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.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With NFLX Stock Today?
Netflix Inc (NFLX) stock is trading at $548.82 as of 11:00 AM on Tuesday, Apr 20, a decline of -$5.62, or -1.01% from the previous closing price of $554.44. The stock has traded between $547.92 and $563.56 so far today. Volume today is below average. So far 1,978,605 shares have traded compared to average volume of 3,626,727 shares.
To see InvestorsObserver's Sentiment Score for Netflix Inc click here.
More About Netflix Inc
Netflix's primary business is a streaming video on demand service now available in almost every country worldwide except China. 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. In 2011, Netflix introduced DVD-only plans and separated the combined streaming and DVD plans, making it necessary for subscribers who want both to have separate plans.
Click Here to get the full Stock Score Report on Netflix Inc (NFLX) Stock.
