NFLX - On the way to hit $700NFLX - stock in a strong uptrend after disney raised it prices of its streaming platform. Calls added in group for swing. next resistance at $700. Stock is almost overbought on RSI expecting some pull back at $700 hits
NFLX trade ideas
Netflix (NFLX) Shares Reach a Two-Month HighNetflix (NFLX) Shares Reach a Two-Month High
As shown on the daily chart of Netflix (NFLX) shares, the price surpassed the July 19 peak around $677 on Friday but closed well below the day’s highs. Notably:
→ Since August 5, Netflix (NFLX) has outperformed stock indices;
→ The stock has risen by about 15% from the August 5 close.
Will the rally continue?
Bullish argument:
→ Analysts expect an improvement in the company’s fundamentals following enhancements to its business model. According to Zacks, Netflix might report earnings of $5.07 per share for the current quarter, representing a year-on-year increase of +35.9%. The Zacks consensus estimate has risen by +7.9% over the past 30 days.
Bearish argument:
According to SEC filings, Netflix’s Chief Legal Officer sold $7 million worth of shares. Could this sale be motivated by insider information that might lead to a decline in the stock price?
Technical analysis of the Netflix (NFLX) daily chart indicates that the price is moving within an ascending channel (shown in blue), and the sharp rise from the August 5 low has pushed the RSI indicator from the oversold zone to the brink of the overbought zone. However, resistance levels have come into focus:
→ The median of the ascending channel;
→ The peak around $697;
→ The psychological resistance around $700.
Given Friday’s weak close and the sharp rise over the past two weeks, it’s reasonable to suggest that Netflix (NFLX) shares are vulnerable to a correction.
The average price forecast for Netflix (NFLX) is $704.94 over the next 12 months (according to a survey of analysts conducted by TipRanks).
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.
Netflix update According to my view we are still in a strong bull run,with do all respect,let's manage to I identify the trend and understanding it's pull back n manage to move with it n spot all important zones.
NFLX / NETFLIXMarket Insight: NFLX (Netflix, Inc.)
Our predictions have highlighted key moments for investors:
• First Green Line (August 12th, 2024): A potential buying opportunity, as market conditions stabilize.
• First Red Line (October 28th, 2024): Consider taking profits or reducing exposure before possible market downturns.
• Second Green Line (January 6th, 2025): A favorable time to re-enter or increase positions, with market optimism on the rise.
• Second Red Line (April 14th, 2025): Another signal to safeguard your investments, preparing for possible volatility.
These points serve as guiding lights, helping navigate the financial journey with both wisdom and discernment.
NETFLIX STRUCTURE This is the structure we will be following for Netflix, as for now we are sitting down on our hands to wait for prices to break the weak high above and the strong low will be protected and we will look for buys inside this range.
Elliott Wave Intraday Analysis: NFLX Should Continue RallyShort Term Elliott Wave in NFLX suggests that the Stock has completed a bearish sequence from 7.05.2024 high. The decline made a double correction Elliott Wave structure. Down from 7.05.2024 high, wave (W) ended at 600.00 low. Rally in wave (X) ended at 678.97 with internal subdivision as a zig zag correction structure. Up from wave (W), wave A ended at 655.54 and wave B ended at 631.50. Wave C higher ended at 678.97 which completed wave (X) in higher degree.
Then, NFLX turned lower in wave (Y) with internal subdivision as another double correction structure. Down from wave (X), wave W ended at 617.00 and wave X ended at 646.71. Last leg wave Y lower ended at 583.50 which completed wave (Y) and ((4)) in higher degree. The current rally is in progress expecting to continue higher as wave ((5)). Near term, we are calling a leading diagonal as wave 1 of (1) of ((5)). This wave 1 ended at 632.00 high and wave 2 pullback finished at 605.50. From this point, the stock resumed to the upside in wave 3 and once the wave 3 is completed, it should see 3, 7 or 11 swings correction as wave 4 before resuming the rally again.
Netflix (NFLX) Analysis: Multi-Timeframe PerspectiveA More Detailed analysis on Netflix (NFLX) from a Multi-Timeframe Perspective.
Check out my other analysis for a detailed explanation on this video
NFLX - end of story- the slowdown in the US economy seems to be perceived even in Wall Street, or perhaps not, there they cannot see anything yet
- the yield curve behaviour indicates potential recession
- labour market shows symptoms of weakness - minor ones but still
- carry trade goes away slowly
- insiders sell not buy
I am out if the Mag7 stocks for some time already, now I think it is possible to buy PUTs on selected techs - be it NFLX. Perhaps it is good to wait till NVDA shows results on Aug 28th, then decide
$NFLX Bullish ReversalNASDAQ:NFLX is reversing from a support line looking to continue its bullish move... great opportunity for selling premiums here ... Whats your thoughts here?
Netflix reports continued revenue growth amid strategic shiftsNetflix Inc. has once again demonstrated a robust increase in revenue, confirming the effectiveness of its strategic initiatives aimed at boosting subscriber growth. A significant aspect of Netflix's strategy has been tightening rules against account sharing and introducing cheaper, ad-supported subscription plans. These measures have attracted new subscribers successfully, particularly those sensitive to price, leading to sustained revenue growth over several quarters.
For Q3, Netflix projects its revenue to reach 9.73 billion USD, marking a 13.9% increase year-on-year. Earnings are expected to rise by 36.7%, reaching 5.1 USD per share. Netflix's heavy investment in new original projects and securing rights to popular existing content is a key part of its growth strategy, positioning the company well for future success.
Technical analysis of Netflix Inc. (NASDAQ: NFLX)
Here is an analysis of potential trading opportunities based on Netflix's current stock performance:
Timeframe : Daily (D1)
Current trend : the stock is in a downtrend but shows potential for reversing into an uptrend
Resistance level : 633.60 USD
Support level : 587.05 USD
Potential downtrend target : if the downtrend persists, the next target could be around 540.00 USD
Short-term target : if the trend reverses and breaks through the resistance at 633.60 USD, a short-term target could be set at 675.00 USD
Medium-term target : with continued positive momentum, the stock price might aim for 700.00 USD
Investors and traders should closely monitor Netflix, particularly given its proactive measures to increase its subscriber base and revenue. The company's focus on content creation and adaptation to market demands plays a critical role in its ongoing success. If these strategies continue to prove effective, they could drive its stock performance upward.
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NFLX is BearishA bearish divergence seems to be at play here as pervious higher low is broken successfully, and a couple of lower lows are also printed. Bears seem to be in complete control of the price action, and hence a bearish rally is on the cards. Targets are mentioned on the chart.
Netflix investment A nice cooling pull back after we hit new high on Netflix aswell this is beautiful,understand this trend n the pull backs,n manage your risk in order to enjoy investing your money in stock markets,they are beautiful things that grows very nice n they trend up,soo everytime you see big pull backs it's your chance to get into positions not a loss noo,allow your system to work n see this markets in bigger time frame in years n how they trend n find yourself entry too n hold for coming years .
NFLX isn't chill anymoreNot overly bearish yet on this name but it's on a correction ABC wave here.
Either it can hold at 570's and if it doesn't 500 would be a quick target.
Target #1 - 570sh
Target #2 - 500sh
NFLX support breakdown possible , US Stock617 below strong support breakdown possible
613/609/603/595 can test soon
NFLX: Cautious TargetNFLX isn't collapsing off the double top formation, which leads me to believe it is in a cup and handle formation. If NFLX breaks above 697, price target is 747.
More Downside for Netflix?Looking to play this to the downside heading into earnings in a few months
Netflix Trend Prediction Amid Recent News $7 Million Donation Description:
The chart presents the daily stock price movements of Netflix, Inc. (NFLX) on the NASDAQ exchange. Key technical indicators utilized in the analysis include:
LuxAlgo Candlestick Structure:
The chart displays a candlestick pattern structure that helps to visualize price movements over time, aiding in the identification of trends and potential reversal points.
SuperTrend Indicator:
The SuperTrend indicator (parameters: 10, 20, 50, 200, 4, 20) is utilized to highlight the trend direction. The indicator overlays on the price chart to show bullish or bearish trends, assisting in making buy or sell decisions.
MA-Cloud:
The Moving Average (MA) Cloud with parameters high 200, 0 close 200, 25 (values: 576.76, 569.80) provides a visual representation of the average price over time. This cloud serves as a support and resistance zone, indicating potential areas where the price might reverse or consolidate.
Prediction:
Recent news regarding the Netflix CEO donating $7 million to a political figure may influence stock movement. The technical analysis suggests the following potential scenarios:
Channel Formation: The stock appears to be entering a channel pattern, with support around the MA-Cloud (576.76 - 569.80) and resistance near recent highs around 692.65. This indicates that the stock might trade sideways within this range as investors digest the news.
Downward Pressure: Given the recent news, there might be negative sentiment impacting the stock. If the price breaks below the support zone provided by the MA-Cloud, it could signal a bearish trend and potential further decline.
In summary, while the technical indicators show a potential channel pattern for NFLX, the recent news could exert downward pressure. Investors should monitor the support and resistance levels closely and be prepared for potential volatility.
$NFLX - History repeats itself We are looking at the chart that clearly shows how history repeats in financial markets.
The double top formation has already manifested, and the downtrend is in progress. $543 and $500 is within a reach in middle term (3 months or so). This is not a financial advice.
Analyzing Netflix’s Chart After EarningsStreaming giant Netflix NASDAQ:NFLX beat Wall Street’s consensus view on both top- and bottom-line Q2 results last week –- but the stock fell 1.5% the next day anyway. What might technical analysis tell us about where the stock goes from here?
As a reminder, Netflix reported a week ago Thursday after the bell that it earned $4.88 per fully diluted share during Q2 on $9.56 billion of revenue, beating the consensus $4.74 EPS and $9.53 billion in sales that analysts had expected.
The company’s 8.05 million in additional global paid memberships also surprised analysts in a good way, while management’s bottom-line guidance of about $5.10 in GAAP earnings per share for Q3 crushed the $4.74 or so that the Street was looking for. (The company’s $9.73 billion of Q3 top-line guidance came in a little shy of what analysts had expected.)
Looking at a regression model of Netflix’s recent chart, readers will see that the stock has been in an ascending price channel since May 2022, as represented by the blue and pink shaded areas in the graph below:
That ascending channel is more than two years old now, which brings to mind two famous Wall Street sayings: “The Trend Is Your Friend” and “The Trend Is Not Broken Until It Breaks.”
Netflix’s Potential Support and Resistance Levels
Now, let’s zoom into Netflix’s chart for the November 2023-July 2024 period, which more clearly shows the stock’s recent price action (as denoted by the line of green and red bars in the chart below):
We can see at the right side of the chart that NFLX is fighting to stay above the stock’s 50-Day Simple Moving Average (as denoted by the blue line above).
Now, that line has been pierced, but as long as the daily range maintains contact, the 50-Day SMA has not been actually been broken as far as technical analysis is concerned.
However, should Netflix fail to hold its 50-day SMA line as support, there isn’t much in the way of help technically for a long way down.
The stock’s 200-Day Simple Moving Average (the red line above) and the 23.6% Fibonacci retracement of Netflix’s entire rally (the purple line) are both about $100 below the stock’s July 24 price action.
Conversely, the pivot to the upside -– Netflix’s $697 early July high -- is fairly far away from the stock’s July 24 close as well.
In other words, Netflix would have to move up or down pretty significantly to hit one of these lines and change its technical picture.
In the meantime, one might consider trading the stock shorter-term around its 50-Day Simple Moving Average and its rapidly descending 21-day Exponential Moving Average (denoted by the green line above).
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$NFLX it was fun wall it lastedNASDAQ:NFLX while it's been a nice 300% gain over the last year 2 years, I think the trend is starting to reverse.
If you look at the chart, you'll see that we've formed a double top. You'll also see the price has held the trend line fairly well on the way up. Now we've rejected it twice and I think that price is heading much lower from here.
I think we're likely to see new lows by end of year. We've seen 3 touches on the support at $163, which leads me to believe that if price can retest that level, we'll break it and see new lows.
I think the lower supports $88-124 are likely.
I've taken these positions to express the view:
10 NFLX 08/16/2024 550.00 P
60 NFLX 01/17/2025 200.00 P
Let's see how it plays out
NFLX: More DownsideNFLX posting earnings last week and has since traded sideways. The gap at $675 was filled due to a surge in buying last Friday morning, so now the larger gap at $493 is the next heading. I don't believe we hit that target for several months, so we will stick to the short term. NFLX hit its 1.618 fib retracement to the dollar and bounced off to retest $656 today. If NFLX cannot break through $656 this week, I'm seeing the next target at the 2.618 fib retracement which historically sees faster selling to reach that target than the 1.618. This target also aligns well with support from May 2024. If the price breaks through $667 this analysis is nullified.
This week we have many big names reporting earning starting tomorrow, so there should be more volatility in the coming days.
NFLX - LONG POSITIONhi traders
When looking at Netflix stock on a daily timeframe, it bounced back from the bottom of the upsloping channel which it has retested after being rejected near its all-time high (ATH) level of around $698 .
The long position can be taken now as the price is still close to the bottom of the channel. The final target would be at the top of the upsloping channel.
Breaking the horizontal resistance will lead to new ATH levels. Invalidation of this trading idea would be the break down below the parallel channel, the first support level to watch is $579.
Good luck
