NFLX Perpetual Contract Rises 2.79% While 50-Day Average Stays Overhead

The Binance NFLXUSDT perpetual contract rose 2.79% to $71.90 by 8:58 a.m. ET (12:58 UTC) Oct. 9, moving above several short-term averages while remaining below its 50-day average.

The contract tracks Netflix, Inc. common stock but does not represent ownership of Netflix shares. Its 24-hour trading range was $69.88 to $72.

At $71.90, the contract stood above its seven-period simple moving average at $69.42, 20-period average at $70.30, 12-period exponential moving average at $70.14 and 26-period exponential moving average at $71.54.

The 50-day simple moving average remained overhead at $75.40, about 4.9% above the latest price. The reported pivot was $71.26, with immediate resistance at $72.64 and stronger resistance at $73.38. Immediate support stood at $70.52, followed by stronger support at $69.14.

Momentum indicators were mixed. The daily relative strength index was 51.10, while the stochastic oscillator showed %K at 87.09 and %D at 69.67. The moving average convergence-divergence line and signal line were both -1.4014, leaving the histogram at 0.0000.

Open interest rose 7.36% over 24 hours to 91,935.26 contracts, with a notional value of about $7.20 million. The figures do not show whether the increase came from long or short positions. Funding was 0.0000% for the latest eight-hour cycle.

The contract's Bollinger Band %B was 0.7178, with an upper band at $73.97 and a lower band at $66.64. Daily average true range was $1.46.

The NFLXUSDT product is settled in USDT, has a $0.01 tick size and a $5 minimum notional value. Its price and technical readings describe the Binance derivatives contract rather than a verified closing price or technical setup for Netflix shares traded on Nasdaq.