Technical Caution: NFLX Overbought Near $103.01
Shares of Netflix Inc (NFLX) rose 0.95% to $103.01 on April 11.
Chart analysis reveals a bullish configuration:
Moving Averages
Bullish EMA alignment intact with price above the 9-day at $99.00 and 21-day at $96.21.
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.
Traders are watching $88.84 on the downside and $102.36 on the upside.
