Confirmation week for the buy signal
Netflix stock climbs 1.8% as its run of higher lows extends
Our view last week
Netflix stock closes the week up 5.4% and extends its run of higher daily lows, climbing from the 68 area toward the 74 area — the price action stays constructively tilted. On that strength a new buy signal has just opened, in its first week, with Signal Strength at 59 out of 100. The price is now approaching the breakout trigger in the 78.7 area, but hasn't cleared it yet: the entry is still to be confirmed.
This week's summary
Netflix's buy signal, which fired last week, has passed its first test: the confirmation week closes up 1.8% and extends the run of higher daily lows, from the 71 area to the 75 area. Netflix stock still trades below its 50-week average, though, and the latest bar carries two warnings — contracting volume and a still-weak body: the confirmation holds, but it isn't full strength yet.
IQS Phase
46
ordinary
Signal Strength
66
medium
Sizing
STANDARD
Ranking
#46 / 167
US stocks in progress
Trade P&L %
+1.83%
from signal to date, no stop loss
Rank position
ranks 46th among the 167 Longs already running for US stocks in our ranking, with a signal strength of 66 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimeweak phase
Performanceweekly -3.53% · monthly +1.69%
NFLX belongs to the growth tech sector (reference ETF XLK). The sector is classified weak phase according to our weekly reading.
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