What does the chart say on Tuesday?

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Tuesday, March 07, 2023 13:44 | InvestorsObserver Analysts

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Shares of Netflix Inc (NFLX) are down 3.98% over the past week and receive a bearish rating of Investors Observer Sentiment indicator.

Sentiment score - , bearish
Netflix Inc has a bearish sentiment reading. Find out what this means for you and check out the rest of the rankings on NFLX!

What is Equity Sentiment?

Sentiment uses short-term technical analysis to gauge whether a stock is desirable by investors. As a technical indicator, it focuses on recent trends as opposed to the long-term health of the underlying company. Updates to the company, such as earnings releases, could cause the stock to deviate from current trends. Price action is generally the best indicator of sentiment. For a stock to rise, investors need to feel good about it. Similarly, a stock that is in a downtrend must be out of favor.

Investors Observer‘s Sentiment Indicator takes into account price action and recent volume trends. Increasing volumes often mean that a trend is strengthening, while falling volumes can indicate that a reversal could be imminent. The options market is another place to get sentiment signals. Since options allow investors to bet on the price of a stock, we consider the ratio of calls to puts for stocks where options are available.

What’s happening with NFLX stock today?

Shares of Netflix Inc (NFLX) are trading at $309.30 as of 1:43 p.m. Tuesday, March 7, down -$2.73 or -0.87% from its 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 been traded compared to an average volume of 6,859,448 shares.

More about Netflix Inc

Netflix’s primary business is a streaming video-on-demand service that is now available in almost every country in the world except China. The company mainly generates revenue from subscriptions to its namesake 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 worldwide. Click here for the full stock report for Netflix Inc. shares.

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