Sell Signal? NFLX RSI Peaks at $96.24
The stock of Netflix Inc (NFLX) climbed 13.78% to close at $96.24 on March 2.
The technical setup looks bullish:
Moving Averages
The stock holds above both the 9-day ($83.35) and 21-day ($82.46) EMAs, confirming the uptrend.
Momentum
RSI at 72.2 is in overbought territory, suggesting potential near-term exhaustion. MACD is bullish (-0.43 vs signal -2.35).
Volatility
Price is extended above the upper Bollinger Band ($89.47), suggesting possible mean reversion.
The bullish trend is intact, but overbought momentum readings suggest waiting for a pullback.
The $71.90-$89.47 range defines near-term boundaries.
