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NFLX

NFLX daily chart neutral bias.A couple levels I'm watching for this week. Looking bearish on the daily rejecting off the 21EMA with a long wick after earnings miss and the EMAS are about to cross. However, on the weekly chart we have a hammer candle with a nice wick down to the 21EMA and bounce back up to the 9EMA. Will be looking to play this either way. 319 is a big support zone to watch, a break could lead to a retest of the lower trendline around 300 level. ALSO watching 331 resistance level to play off of. Break of this level could lead to a retest of the upper flag trendline 340 area.
NASDAQ:NFLX
by MIGHTYMIKEE
$SNOW Setting up It is essential to exercise patience and caution in your trading strategies. One such approach is to **allow the market price to come to you, instead of chasing after it impulsively.** In the case of NYSE:SNOW , **puts below the 135 zone and calls above the 148 zone.** However, it is imperative to exercise restraint and not rush into any day trades or swings without proper candlestick confirmation. (1-3) It is crucial to note that impulsive trading decisions can lead to costly mistakes and result in unnecessary losses. As a trader, you must have a clear understanding of the market trends, indicators, and risk management techniques. Patience and discipline are the keys to success in the trading game, and it is essential to develop and maintain these qualities. Additionally, having a solid trading plan in place and sticking to it can help you stay focused and avoid making impulsive decisions. This includes having well-defined entry and exit points, stop loss orders, and profit targets based on your analysis and risk tolerance. Remember, trading is not a get-rich-quick scheme, but a long-term game of skill and strategy. With the right approach, mindset, and tools, you can become a successful trader and achieve your financial goals. Stay patient, stay disciplined, and stay focused on your trading plan, and success will surely follow.
NYSE:SNOW
by Ubaidy100
Netflix dumps and pumps after earningsYesterday, after the market close, Netflix reported its earnings for the 1st quarter of 2023. The tech giant missed analysts’ expectations, resulting in a quick and sharp selloff of nearly 12%. However, this move lasted only three minutes before the price started reversing to the upside. Within the next hour, shares erased all of their early losses. The company posted $1.305 billion in net income, showing a decline of 18.3% YoY (in 4Q22, Netflix reported a net income of only $55.284 million). Revenue stood at $8.161 billion, up approximately 3.7% YoY and 4% QoQ. Operating income fell by 13% YoY. In addition to that, the average paid memberships rose by 4% YoY, with the company reaching 232.50 million global streaming paid memberships. In 1Q23, Netflix launched paid sharing in four countries, and in the second quarter of 2023, the company plans to expand this service into more countries, including the USA. Furthermore, Netflix seeks to improve its revenue from advertisements and currency operations. For 2Q23, Netflix forecasts revenue of $8.2 billion, representing a 3% increase YoY. The company also expects to return $1.6 billion in operating income for the same period. Netflix shares are up approximately 105% since their low in May 2022 and about 16.5% year-to-date. Other important information The company’s operating income declined for four consecutive months in 2022 - 1.972$ billion in 1Q22, 1.578$ billion in 2Q22, 1.533$ billion in 3Q22, and 550$ million in 4Q22. The same applies to the net income in 2022 - 1.597$ in 1Q22, 1.441$ billion in 2Q22, 1.398$ billion in 3Q22, and 55$ million in 4Q22. In the first quarter of 2023, Netflix saw a significant rebound in both of these metrics. Illustration 1.01 Illustration 1.01 portrays the 1-minute chart of Netflix stock. The yellow arrow indicates market close, which coincided with the release of the company’s financial results. Within the first three minutes following the announcement, shares dropped nearly 12% before erasing all losses. Illustration 1.02 Illustration 1.02 displays the daily chart of Netflix stock. Yellow arrows indicate previous earnings, which were accompanied by a similar negative reaction in the price of shares. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
NASDAQ:NFLX
by Tradersweekly
Netflix: Bringing It on Stream 🎞Netflix has brought wave b in magenta on stream quite commendably and has already touched at the gray zone between $343.40 and $359.13. Thus, wave b in magenta could be finished by now, although the share could just as well use the remaining room in the upper part of the gray zone to place the corresponding high. As soon as this is done, the course should turn and head for the turquoise zone between $271.07 and $209.09 to develop wave B in turquoise. Afterward, Netflix should tackle the resistance at $379.43, which should then be conquered by wave C in turquoise. However, we should still keep in mind the 35% chance that the stock could break through the turquoise zone and drop below the support at $162.75.
NASDAQ:NFLX
by MarketIntel
Netflix (NFLX) Looking to Complete 5 Waves Elliott Wave ImpulseCycle from 3.13.2023 low in Netflix (NFLX) is in progress as a 5 waves Elliott Wave impulse. Up from 3.13.2023 low, wave 1 ended at 316.6 and pullback in wave 2 ended at 293.21. As the 45 minutes chart below shows, internal of wave 2 unfolded as a double three structure. Down from wave 1, wave ((w)) ended at 296, wave ((x)) ended at 307.92, and wave ((y)) lower ended at 293.18. The stock then extended higher in wave 3 towards 336.44 with internal subdivision as 5 waves in lesser degree. Up from wave 2, wave ((i)) ended at 302.91 and dips in wave ((ii)) ended at 300.56. The stock extended higher in wave ((iii)) towards 322.78 and dips in wave ((iv)) ended at 312.15. Final leg higher wave ((v)) ended at 336.44 which completed wave 3. Pullback in wave 4 ended at 321.28 as a zigzag structure. Down from wave 3, wave ((a)) ended at 324.41, wave ((b)) ended at 333.32, and wave ((c)) lower ended at 321.28. This completed wave 4 in larger degree. The stock resumes higher in wave 5 with internal subdivision as another 5 waves. Up from wave 4, wave ((i)) ended at 329.89 and wave ((ii)) ended at 325.84. Wave ((iii)) ended at 343.29, pullback in wave ((iv)) ended at 335.30. Expect stock to extend higher 1 more leg to end wave ((v)) of 5 of (A). Then it should pullback in wave (B) to correct cycle from 3.13.2023 low in larger degree 3, 7, or 11 swing before it resumes higher again.
NASDAQ:NFLX
by Elliottwave-Forecast
NFLX in a continuous uptrend give multiple opportunities to joinTrying to join NFLX uptrend on two different opportunities. I will be taking the trade on the marks shown with the Long Position Tool. Risk: 0.59 per share Shares: 169 (total $100 risk) First target: 323.55 (2:1) Second target: 327.63 (5:1) I will evaluate first target according to the chart conditions when trade is triggered. If price hits the stop and starts going back in the trade direction, I'll take the trade a second time as price crosses back up the first entry point with same stop and targets. In case price hits stop and continues down, I'll defer to the next entry point detailed on the next trading idea.
NASDAQ:NFLXLong
by mdougllas
1
NETFLIX This price jump will be huge and can reach $490.Netflix (NFLX) has gone a long way since we called the exact bottom back on our April analysis: Since then, the stock has formed a well structured Bullish Megaphone pattern, which is currently rising after almost touching its bottom. The 1D MA50 is the short-term Resistance and the 1W MA100 (red trend-line) the long-term. A break above it can see NFLX's biggest swing since the recovery that has the capacity to extend as high as the 0.618 Fibonacci retracement level and make a Megaphone Higher High at $490.00. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:NFLXLong
by TradingShot
5
Netflix - SHORT (54% profit) / where to buy (NEW)In May 2022 Netflix has hit lows seen last time in September 2017. Since then NFLX has been on a steady rise. It looks like the price is in some kind of a rising channel. Indicators such as MACD or RSI are implying more upside in the next weeks. It looks good for bulls. Around $380 we may see a rejection as it's a huge resistance now. We expect bears to take over from there and the downtrend to resume. If the price drops 54 % from there we could see a potential higher low /double bottom which would be mega bullish and would help bulls to confirm the long-term uptrend. -Short at the strong resistance -exit for shorts / buy area: $177 - $170 Most likely it will take many months for a price to reach a buy area therefore patience is required . Good luck
NASDAQ:NFLXShort
by vf_investment
13
NFLX ER SlumpYoY numbers are likely to fail, reports are rumored that their commercial version has been a failure and I do not believe that has been fully priced in. Adding in the current economical environment (eggs are a million dollars for 2), cheap subscription services are an easy thing to pull for the everyday consumer, aka NETFLIX customers. The only bullish argument I have on this is their subscription cost increased which could help offset some. As a content consumer of Netflix, I find myself looking less and less at that library as most of the good content has migrated to other services, but that's just me. I feel that PE is somewhat healthy in more stable economy, but high for where we are today. Analyst showing a low EPS but flat revenue. The miss on either and this could take a hard turn. On the TA side, gap filled from the ER plummet a few quarters back, this is outside of a standard bear flag ration (I Believe but could be wrong), however I believe it is in play. RSI MA moving to overbought, MACD starting to show confirmation of reversal on signal and histogram. Options P/C at 1.3+ and today had a bit of a spike OTM puts. As all things, I'm human and can often be proven wrong. Don't take this as financial advice, just me logging and sharing my thoughts. I am always open to an opposite opinion as those are the most valuable to me. Thanks!
NASDAQ:NFLXShort
by MechanicalTrader13
3
Netflix Has Some Downside Risks- The new partnership with a major Australian studio bodes well for the company's ability to produce high-quality content. - Netflix's recent financials have left investors doubtful of its ability to turn a profit. - Netflix's high level of long-term debt is causing concern among investors. Competitive Advantage and Pricing of NFLX Netflix is a streaming giant that has seen tremendous growth in recent years. The company's earnings and revenue have consistently exceeded expectations, making it one of the most valuable companies in the world. Netflix's original content, such as "Stranger Things," "The Crown," and "Narcos," has been particularly successful in attracting and retaining subscribers. The company has also made strategic acquisitions, such as the purchase of the Animation studio “Animal Logic”. In addition to subscriber growth, Netflix's revenue is also driven by increasing prices. The company has raised its prices several times in recent years, and this will go into effect in 2023. This allows the company to generate more revenue per subscriber, which helps to offset the costs of producing and acquiring content. Despite the challenges posed by the COVID-19 pandemic, Netflix has been able to maintain strong financial performance. The company's ability to adapt to the changing market conditions and its focus on producing high-quality content have been crucial to its success. As the streaming market continues to grow, Netflix is well-positioned to capitalize on the trend and maintain its position as a leader in the industry. In terms of the competitive landscape, Netflix faces competition from other streaming services, such as Disney+, Amazon Prime Video, and Hulu. However, the company has established a strong position in the market and has a large subscriber base. If the company is able to maintain its position in the market and continue to produce high-quality content, it could bode well for its stock performance. Netflix’s Q4 Earnings Analysis In the last quarter of 2022, Netflix reported revenue of $7.85 billion, a 2% increase from the previous year. The company also reported earnings per share of $0.12, a significant decrease from the $1.13 reported in the same quarter of 2021. EPS had been forecasted as $0.36 and therefore it was below expectations. The main reason why Netflix was not able to meet expectations is relevant to F/X measurement on EUR-dominated debt. However, NetFlix was able to hedge volatility on EUR/USD currency pairs for their debt based on EUR. How they are dealing with this is that the company approximately has $5B of EUR bonds which provides them a natural hedge mechanism on the relative value of the EUR net income. The main driver of Netflix's revenue growth is its subscriber base, which has been steadily increasing. In the last quarter of 2022, the company added 8 million new subscribers, bringing its total subscriber count to over 231 million. This strong subscriber growth is a testament to the company's ability to produce and acquire high-quality content that keeps its users engaged. NetFlix had targeted an operating margin of 19%-20% based on F/X rates at the beginning of 2022. Currently, the company targets to deliver roughly 21%-22% operating margin in 2023. However, due to the timing content spend, NetFlix expects their operating margin to be down year over year (20% vs (25%). Overall, Netflix's earnings and revenue have been consistently strong, and the company continues to grow. The company's focus on producing original content, strategic acquisitions, and raising prices has helped to drive revenue growth, which will likely continue in the future. This puts the company in a strong position to maintain its position as a leader in the streaming industry. Regional Breakdown In the United States, Netflix has the largest subscriber base of any country, with over 60 million subscribers. This is due in part to the fact that the company was founded in the United States, and it has been able to establish a strong foothold in the market early on. In addition, the high penetration of broadband internet in the US has made it easier for Netflix to reach its target audience. In Asia, Netflix has faced more challenges in establishing a strong subscriber base. The company has had to contend with stiff competition from local streaming services, as well as cultural and linguistic barriers. However, Netflix has been able to make inroads into the Asian market by producing local content and making strategic partnerships with local media companies. In Latin America, Netflix has been able to establish a strong presence in countries such as Brazil and Mexico. The company has been able to build a large subscriber base in these countries by producing localized content and making strategic acquisitions of local media companies. In Africa, Netflix has faced some challenges in building a subscriber base due to a lack of broadband internet infrastructure and low purchasing power in some countries. However, the company has been able to make inroads in the African market by partnering with local media companies and producing localized content. Overall, Netflix has a strong global presence, but its subscriber base and financial performance vary by region. The company has been able to build a large subscriber base in the United States, Europe, and Latin America, but has faced more challenges in Asia and Africa. The company continues to expand its global reach and adapt to regional market conditions. Cashflow and Capital Structure Netflix's cash flow and capital structure are closely related to its overall financial performance. The company generates cash flow through its operations, which it uses to fund its growth and expansion. In terms of cash flow, Netflix has consistently been generating positive cash flow from operations. In the last quarter of 2022, the company reported cash flow from operations of $443.858 Million, which was a decrease from $556.810 Million. This cash flow is generated primarily through subscription revenue, which accounts for the majority of the company's revenue. Netflix's capital structure is primarily composed of debt and equity. The company has been using debt to finance its growth and expansion. As of December 2022, Netflix's debt stood at $14.3 billion, with the majority of it being in the form of long-term debt. In terms of equity, Netflix has been using a combination of internal funds and equity offerings to raise capital. The company has been able to raise capital through several equity offerings over the years, which has helped it to grow and expand its business. As the company continues to invest in content and expand its global reach, it will continue to generate positive cash flow, but it is also likely to continue to rely on debt to finance its growth. Overall, Netflix's cash flow and capital structure are closely related to its overall financial performance. The company generates positive cash flow from its operations, which it uses to fund its growth and expansion. Its capital structure is primarily composed of debt and equity, with the company using a combination of internal funds and equity offerings to raise capital. Technical Snapshot of Netflix 2022 was a devastating year for Tech stocks due to the high inflation rates and demand for commodities. These might be some reasons why Tech stocks were not shining in 2022, but it is undeniable the fact that there are always opportunities to benefit from in the market. Therefore, having evaluated NetFlix’s current earnings ratios and expectations, it can be said that the Pivot point at $300 will be a determinant of which way the stock tends to move. Final Thoughts I expect a high level of volatility and believe that the current tendency for commodities will be maintained through 2023. Therefore, some hedging strategies might be used for technology stocks to locate yourself on the safe side of trading through earnings seasons. Netflix has already reached its mature growth phase therefore the company needs to come up with new ideas, projects, or acquisitions that make everyone impressed. According to Netflix’s latest financial report, the current Price-to-sales ratio is 4.78 whilst It is 1.92, 2.20, and 1.20 respectively for Amazon, Walt Disney, and Warner Bros. After having analyzed financial reports and these terms, I would be “Bearish” on the stock. As always, do your due diligence on any stock before buying and selling. Happy Trading! :)
NASDAQ:NFLXShort
by UnknownUnicorn14317765