RSI Flashes Caution as NFLX Extends to $103.01
Netflix Inc (NFLX) closed up 0.95% at $103.01 on April 13.
Technical indicators paint a bullish picture:
Moving Averages
Moving averages are stacked bullishly—9-day EMA ($99.00) supports, 21-day ($96.21) below.
Momentum
RSI at 72.7 is in overbought territory, suggesting potential near-term exhaustion. MACD reads 2.75 against its 2.12 signal line (bullish).
Volatility
Price is extended above the upper Bollinger Band ($102.36), suggesting possible mean reversion.
While the trend remains bullish, elevated RSI warrants caution for new entries at current levels.
Key levels to watch: Support at $88.84, Resistance at $102.36.
