Netflix Inc. (NFLX) has global recognition as a streaming service. However, the industry is growing and now you can even consider an ETF in this disruptive technology -- the Roundhill Streaming Services & Technology ETF with the symbol (SUBZ) . Let's stick with individual names for now, though, and see what the charts of NFLX look like today.
In the daily bar chart of NFLX, below, we can see that the shares have largely been stuck in a wide trading range bounded by $460 and $580, give or take. Prices have crisscrossed the 50-day moving average line many times but we can now see the shares trading above the rising 50-day average. The 200-day line is rising and was almost tested last month.
The On-Balance-Volume (OBV) line has been moving up and down with the price action and overall has only moved sideways. The Moving Average Convergence Divergence (MACD) oscillator is showing us a similar sideways picture.