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NFLX trade ideas

Positive Earnings Gaps Seldom Fill: NFLXTo follow up on my analysis of NFLX from Wednesday ... Despite the market moodiness and selling, NASDAQ:NFLX reported well above estimates. HFTs triggered a huge gap up on heavy pre-open order flow yesterday. Volume was also huge, so smaller funds' VWAPs triggered and retail traders chased the stock while Pro Traders and HFTs made some big profits. Gaps up on positive earnings seldom fill completely. There is a strong support level at $350 which the gap up now confirms.
NASDAQ:NFLX
by MarthaStokesCMT-TechniTrader
ANOTHER SCENARIOThere are 2 patterns I see, the bat and a head and shoulders. I hate to contradict myself but I see it )o; This could have been a Head and Shoulders pattern that did not make a 100% fall which is not unusual. This pattern can fall more or less than 100 percent. The 2 spinning tops are sitting on the prior neckline so I turned this level blue versus green as it has been recently broken. The prior fall from the possible neckline hit between the .618 and the .786 before reversing up. This would mean it hit T2 and almost hit T3 (.786) on the last descent. H&S is bearish versus a Bullish Bat pattern. Time will tell and one or the other pattern will play out. it is possible the H&S fall is complete. The H&S can break back above the neckline as no pattern lasts forever and patterns continually morph. Nothing in the market is written in stone and anything can happen. Change is the only thing that never changes )o: No recommendation
NASDAQ:NFLX
by lauralea
BATBullish Bat as most M patterns are bullish meaning they reverse on the 4th leg which is down. The first leg is Up. Peak 2 s lower than peak 1. This did not quite hit the .886 but still very close. News popped this early and there was also a very small gap that acted as support. Price is at a horizontal resistance level and 2 spinning tops are struggling at this level. Spinning top candles represent indecsion. Price must surpass this level to hit above targets. No recommendaton
NASDAQ:NFLX
by lauralea
NETFLIX Up +18% today, sending a message to the market.Netflix made a huge price jump today, opening on the MA50 (1d) for the first time in more than 1 month. It remains under the Falling Resistance, but held the Rising Support trend lines of the Bullish Megaphone. Trading Plan: 1. Buy after the price crosses over the Falling Resistance or if it hits the MA200 (1d) again. Targets: 1. 508.45 (January 20th 2020 gap). Tips: 1. The RSI (1d) made a huge oversold jump. Similar jumps can be seen on March 9th 2023 and May 9th 2022, both market bottoms. Please like, follow and comment!!
NASDAQ:NFLX
by TradingBrokersView
NetflixPrice is falling for many days with less pullbacks. On the lower time frame price has formed a falling wedge, which is a bullish pattern. On higher time frame, that is weekly chart, price has broken the trend line which confirms the bearish trend. As per the weekly chart, support is at 310 - 315 level. Resistance zone is 358 - 362. Buy above 353 with the stop loss of 350 for the targets 356, 360 and 366. Sell below 344 with the stop loss of 348 for the targets 340, 336 and 330. Do your own analysis, before taking trades.
NASDAQ:NFLX
by vanathi
Netflix Jumps 14% After Surge In 3rd Quarter SubscribersNetflix (NASDAQ:NFLX) shares jumped more than 13.5% in pre-market Thursday trading after it handily beat profit expectations as subscriber numbers rose. The streaming giant reported earnings per share of $3.73 on revenue of $8.54 billion. Analysts expected EPS of $3.49 and revenue of $8.54 billion. The third quarter results beat Netflix’s previous guidance. The company said paid subscribers rose 8.76 million in the third quarter, well above expectations for just over 6 million. “The last six months have been challenging for our industry given the combined writers and actors strikes in the US,” Netflix said in a shareholder letter, noting that while the writers’ strike has ended, it continues to talk to the actors’ unions. “We’re committed to resolving the remaining issues as quickly as possible so everyone can return to work making movies and TV shows that audiences will love.” For the fourth quarter, Netflix sees earnings per share of $2.15 and revenue of about $8.69 billion. The revenue growth is expected to be around 10.7%, after growing 7.8% in the third quarter. The company said operating margin in the third quarter was 22.4%, slightly above its guidance, and it sees 2023 operating margin near the top of its range at 20%. KeyBanc analysts upgraded shares to Overweight with a $510 per share price target. "In my my own view, Netflix is entering 2024 a cleaner story as: 1) paid sharing appears to have changed Netflix's ability to reach the next ~250M subs; 2) operating profit and FCF are steadily ramping; and 3) buybacks should support a 25%+ EPS growth profile," they said in an upgrade note. JPMorgan analysts hiked the price target to $480 per share on the Overweight-rated stock. "We’re encouraged that NFLX is executing on Paid Sharing by converting borrower households, contributing to revenue acceleration to +12% FXN in 4Q, & we believe the forecast for similar net adds to 3Q +/- a few million should skew to the upside given more favorable seasonality in 4Q & a strong content slate," the analysts wrote.
NASDAQ:NFLXLong
by DEXWireNews
NFLX Price Soars 12% after Strong ReportYesterday's closing price was 345.83, but this morning, NFLX's price rose above USD 390 per share in premarket trading. The reason is a strong report: → earnings per share = USD 3.73, expected = USD 3.49; → revenue = USD 8.54 billion, a year ago = USD 7.9 billion. → the main surprise is that the number of subscribers grew by an impressive 8.76 million in the third quarter (about 6 million were expected). The number of subscribers worldwide is approaching 250 million. Given the increase in demand for its service, Netflix has decided to raise the price of its basic plan in the US to USD 11.99 per month from USD 9.99, and raise the price of its premium subscription to USD 22.99 per month from USD 19.99. This could attract more earnings per share in the future, which is what has helped NFLX's price soar. From the technical analysis point of view: → NFLX price returns to the ascending channel that was in effect in 2023 and seems to be becoming relevant again. The false breakout pattern could become a support zone in the future. → NFLX price exceeded USD 370 per share. Since early September, NFLX has been a laggard in the NASDAQ index, but after the report it may become one of the leaders. "While we have much work to do to build out this business, we're making good progress and laying the foundation for what we believe should be a multibillion-dollar revenue stream over time," Netflix executives wrote in a letter to shareholders. Resistance to a powerful bullish impulse may come from: → psychological level of USD 400; → level at USD 412 – during the summer, the level provided support. But it was broken on September 13-14, and with a bearish gap, which could slow down the rally if the price of NFLX reaches this level. Also note that here is the Fibo resistance level of 50% of the decline A→B. According to TipRanks, analysts have a target price of USD 454 for NFLX, but given its recent performance, the forecast could be raised. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
NASDAQ:NFLX
by FXOpen
12
Netflix to 175?Netflix (NFLX) 1. Price Formation: The price has broken out from a Rising channel (Flag) price formation on a daily chart. 2. Moving Averages: The 7-day moving average (MA) is below the 21-day MA, which is a sign indicating short-term bearish momentum. 3. 200-day Moving Average is above the Price. 4. Thus, Mas 7<21 and 21=200 5. Relative Strength Index (RSI): The RSI is <than 50, indicating bullish momentum and potential further upward movement. 6. Price Target: to the bottom of the channel at 175
NASDAQ:NFLXShort
by Sahle
NFLXNetflix (NASDAQ:NFLX) shares surged over 10% in after-hours trading after surpassing profit expectations and seeing a rise in subscribers. In Q3, they reported an EPS of $3.73 and revenue of $8.54 billion, exceeding analyst predictions. Paid subscribers grew by 8.76 million, well above expectations. While industry challenges persisted due to strikes, Netflix is committed to resolving issues and anticipates a Q4 EPS of $2.15 and revenue of about $8.69 billion, with a 2023 operating margin near the top of its range at 20%. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NASDAQ:NFLXLong
by legacyFXofficial
NFLX Falling into a Dark Pool Buy Zone?While we all wait on the highly anticipated NASDAQ:NFLX earnings report at the close today, let's study the weekly chart to study the downside potential since the stock gapped down today on expectations of a weak report. Netflix’s percentage of shares held by institutions has recovered to a respectable 79%, which is more consistent with a company that is in favor with the Buy Side Institutions. There has been accumulation going on since the lows of 2022. Selling Short is problematic due to the support levels not far down from the current price and the risk of a hidden Dark Pool Buy Zone starting at the highs of the U-shaped bottom formation. The current run down is at a technical support level, which is where pro traders often nudge the price to trigger HFTs. Beware of the risk of an extreme reaction at the open tomorrow. During earnings season with a report at the close, pro traders often take profits either in the final minutes of the day to avoid the risk of a surprise, or shortly after the open to capitalize on the reaction to the report.
NASDAQ:NFLX
by MarthaStokesCMT-TechniTrader
Netflix it's ShowTimE !!Hi mates, sharing Daily chart of Netflix for a possible detailed analyis according to my observations, So as we can see on weekly chart that after making a all a time high of 700 levels in the November 2021 it made a low of 163 levels the May 2022 it was a cut of 76% from all time high levels at that time and after price created a base near to 170-190 levels and started it's journey in uptrend again. So according to data above shared it halted it's reversal journey near to 372 levels where price took a strong resistance (marked on chart) and came down a bit near to 290 levels, And after when it broken that that 372 levels it gives a parabolic move in ascending channel marked on chart too and that breakout took price to 485 levels in the July 2023. And after break of that ascending channel support line price tried to go again in that channel but failed and in this process it made a double top on provided chart and after the break of neckline mentioned on chart it reached to near that 372 levels again now. So my point is this that price currently it is trading near to 372 levels which can act as a support now prior it was resistance as mentioned in description above. If break and close below can check lower support target below, and if bounce we can see it can test mentioned neckline area again or above after the break of neckline which surely will act as resisatnce for now. Will try to give proper updates if i will go for any executions in it. Price can take 200 Ema support also This is not and trade or investment advice. This idea is meant for learning only. Best Regards happy trading- Amit
NASDAQ:NFLX
by AMIT-RAJAN
20
Netflix user growth to prove recent correction is a spikeNetflix's third-quarter 2023 results will be announced on Wednesday after the stock market closes The company has implemented a policy prohibiting the sharing of accounts outside the household Will that reflect in the earnings, making the stock correction a buying opportunity? The global entertainment landscape has undergone a transformative shift with the rise of streaming platforms, effectively eclipsing traditional media such as television. Leading this digital revolution is Netflix (NASDAQ:NFLX), providing audiences access to an extensive library of movies and series for a modest subscription fee. As we approach Wednesday, expectations are running high for the release of Netflix's third-quarter results, a key event in light of the platform's recent policy shift regarding password sharing. Introduced in May of this year, this change aimed to curb the unauthorized sharing of accounts and appears to be having the desired effect, as user numbers continue to grow – a change that is poised to manifest itself in the forthcoming third-quarter figures. Yet, intriguingly, despite Netflix's robust user growth, its stock has been navigating a broad correction phase, prompting speculation that the conclusion of this adjustment may yield results exceeding current forecasts. In the lead-up to the results, all eyes are on Netflix's projected earnings per share, which currently stand at an estimated $3.48, alongside revenues totaling $8.53 billion. Notably, the forecast has experienced a remarkable 24 upward revisions, with only 3 instances of downward revision, indicating a high level of market anticipation.
NASDAQ:NFLXLong
by DEXWireNews
💵  E a r n i n g s J o u r n a l 📶 S T A T I S T I C A L A N A L Y S I S           Current 50-Day Market Trend: short/sellers/negative. Next Swing: negative swing to resistance. Next Wave: buy wave to the deviation. Next 50-Day Market Trend: long/buyers/positive. Trade Type: Touch & Go don't wait for a close.          💵 E A R N I N G S A T A G L A N C E Release Date: 10/18 AMC _______________________________________________ Revenue Anticipations: negative surprise for Revenues. Revenue Surprise-Confidence: on a scale of 0-9, #2 Revenue 2-Year Trend: the company trend in Revenues is positive. _______________________________________________ EPS Anticipations: positive surprise for EPS. EPS Surprise-Confidence: on a scale of 0-9, #6 EPS 2-Year Trend: the company trend in EPS is neutral. _______________________________________________ 📝 S Y N O P S I S "I expect the market will buy the +surprise if the earnings report hits the Wall Street consensus, or sell the -surprise if the earnings report misses the Wall Street consensus." 🔎 R E S E A R C H D E P T H Technical Analysis: daily chart. Fundamental Analysis: EPS & Revenue data. Press/News: none. Social Media: none.
NASDAQ:NFLX
by UnknownUnicorn28743597