Sell signal, week 1 · US stocks
Netflix drops 7.2% as sellers take full control of the weekly bar
Our view last week
Netflix stock closes the week down 1.1%, with weakness signals piling up: weekly volumes contracting, candle bodies losing conviction, and buyer dominance fading. Setup quality drops to 38 out of 100, from 45 last week. Price closed below the breakeven stop flagged in last week's card (78.16 area): for anyone following that level the trade is closed.
This week's summary
Netflix drops 7.2% in a week where sellers dominated the weekly bar to an extreme, with buying below 25% of volume. A fresh sell signal fires, seven days after the long trade was closed: technical analysis of Netflix stock shows price pinned in the lower quarter of its range, below the Ichimoku cloud and close to its recent lows. Among US stocks our quality band still flags trading as not recommended: opening a short here carries high risk.
IQS Phase
56
ordinary
Signal Strength
88
decline starting to make lower lows
Sizing
STANDARD
Ranking
#15 / 155
New us stocks
Trade P&L %
+0.00%
from signal to date, no stop loss
Rank position
ranks 15th among the 155 sell signals for US stocks in our ranking, with a signal strength of 88 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimein positive regime
Performanceweekly +1.03% · monthly +3.25%
NFLX belongs to the growth tech sector (reference ETF XLK). The sector is classified in positive regime according to our weekly reading.
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