$NFLX Trend and Fibonacci Extension $NFLX has been trading in this range on the 4 hour chart for over a month. OBV looks good and MACD looks like its about to turn bullish. the 5 and 9 mas seem to be holding it up as well. If it can break my fib level at 661.91 tomorrow, I believe it can get to or near the next level at 673.11. If it can break my fib level, I will take a high risk daytrade on the $665 calls expiration 11/12. This could also be a good opportunity to take a longer position if the market is bullish.
Netflix
NETFLIX - Where to next? 🎬The big question is not just where Netflix ends up going next but where is the market as such going.
Will there be a good correction inbound or is the market just taking a small pause now to rise higher very soon?
The answers will unfold in front of us in the next coming weeks but let's take a look at NETFLIX nad share some news with you:
- Netflix is making a big push into video games
The company first dabbled in games with interactive titles like Black Mirror: Bandersnatch and a Carmen Sandiego game, but in 2021, it made gaming a much bigger priority. Netflix hired a former EA exec in July to lead its gaming efforts and, in November, let people play a selection of mobile games for free as part of their subscriptions.
- Heavy investment into the anime industry
Tons of shows, including some very high profile sequels. In addition to animated productions, they’ve also announced live-action adaptations of several anime, original live-action series, and several films. It is, despite my reticence to hand it to Netflix, a pretty good lineup.
- International Series
This is the part I particularly like about Netflix. First the Spanish 'Casa de papel', then the Korean 'Squid games' and who knows what's next. This recipe has been a huge success no-matter how the sequels end up being inferior to the original series. Netflix brings us closer to other cultures in an increasingly smaller world.
If the markets as such help, Netflix will thrive. If a correction deepens then it will be all about using this chart to buy the dip.
Let's see what happens, as these are now unclear times for equities.
One Love,
the FXPROFESSOR
NFLX More Correction or Rise?Netflix is in the uptrend and currently, price has been pushed to the upside, after touching the ascending trend line and also the first support zone (S1).
On the other hand, the last 4H candle has been closed a little lower, below the trend line.
We still don’t know if this is a fake breakout or not… we should wait for the current 4H candle to see if it will be closed below the last candle and also below S1 or it will be closed above them.
If price closes a bearish candle below S1, we can expect more downside move and retrace around the second support zone (S2) which is around $615.
If price could close a bullish candle above S1, we can expect a rise towards the last high which is $690, and in the case of an upside breakout on that level, the next target would be $740
S/t NFLX route@wardaK This one is for you. You asked what's my current though on NFLX S/T.
I believe we see NFLX show some sign of consolidation possibly after it goes towards 700 pysc lvl.
Expect Support to be held from 662-672 to be held and bot up for the next rips.
Market leader iMO -- alongside FB , TSLA , COST
Less room for movement, Ascending Wedge NFLXHello everyone! A rising wedge is commonly know as a reversal pattern, I'm looking to short NFLX once we reach the resistance zone in this rising wedge. Even with all the hype from Squid Game numbers and positive earnings, price is not moving much as weeks before. Today Oct 19 NFLX rise in post-market trading to the 663 (wedge resistance zone) and pullback immediately, coincidence? Just an easy setup, remember to have a stop loss!
Not a financial advisor, just my personal idea. Enjoy your week.
$NFLX | WEEKLY WATCHLIST 10/25If markets show signs of weakness at any point in the near future, I believe Netflix will be one of the most prime short setup out there. Many signs pointing to downside here for the stock.
- Recent run-up due to overall hype and the massive success of Squid Games (believe we need to cool off a bit)
- Concluded all Minute, Minor and Intermediate EWT counts (assuming my count is correct)
- $VIX sitting on major support and is at it's second lowest weekly close since 2/10/20 (market is susceptible to a pullback)
With that being said, I will wait for downside confirmation as well as volume before entering a short position on Netflix. I would also want the indices to be confirming on a downtrend as well as $VIX to be in an uptrend. These factors combined would get me short. All in all, I'm still bullish in the long-term as shown.
Q3 Earnings Report Recap; TSLA, NFLX, JNJ, PGQ3 earning season is currently underway, and most high-profile companies are delivering revenue beats. Yet, Q3 revenue is not the only thing investors are watching. Investors are interested in revenue growth, customer acquisition, and pace of growth alongside the balance sheet. Inflationary and supply chain pressures that may affect the outlook of reporting companies are an additional concern for investors.
TESLA (NASDAQ: TSLA)
Reported: Wednesday, after trading
Revenue: $13.8 billion
Earnings per share: $1.86 profit per share (Non-GAAP)
Tesla’s Q3, 2021 earnings were, once again, record-setting for the Company. The Company is increasing sales and has stated it is on track to “achieve 50% average annual growth in vehicle deliveries” at a time when chip shortages are hampering other automakers ability to do so. Improving gross margins (up to 30.5%) was also a significant factor in Tesla performance in Q3.
Netflix (NASDAQ: NFLX)
Reported: Tuesday, after trading
Revenue: $7.5 billion
Earnings per share: $3.19
The popularity of Netflix’s series Squid Game hadn’t completely filtered into the Company’s finances at the time of its Q3, 2021 earnings report. Yet, Netflix delivered a favourable report, with revenue coming in on par and subscriber growth beating expectations. Squid Game IP is estimated to be worth $900 million to Netflix and should help boost its Q4 earnings, which typically get a seasonal bump anyway.
Johnson & Johnson (NYSE: JNJ)
Reported: Tuesday, before trading
Revenue: $23.3 billion
Earnings per share: $2.60
Johnson & Johnson’s Q3 earnings-per-share beat expectations, with revenue climbing 10.7% from the previous corresponding period. J&J increased its (bottom-end) revenue guidance for the full year from $93.8 billion – $94.6 billion to $94.1 billion to $94.6 billion. J&J noted that its Covid vaccine would be responsible for $2.5 billion at years end and $502 million of its Q3 revenue.
Proctor and Gamble (NYSE: PG)
Reported: Tuesday, before trading
Revenue: $20.3 billion
Earnings per share: $1.61
PG beat revenue estimates, increasing sales revenue by 5% over the last quarter, but expects to fall short of 2020 revenue. The consumer goods Company also noted that rising producer costs, particularly as it relates to shipping and raw commodity prices, has already had and is going to continue to have a larger-than-anticipated effect on its earnings. In response, PG has begun raising the prices of some of its premium products as a quick remedy to help offset its rising costs.
Earning Seasons continues next week:
There are plenty more juicy earning reports due next week.
Facebook, after the bell Monday
Microsoft, Alphabet, Visa, Texas Instruments, and AMD, after the bell Tuesday
Thermo Fisher Scientific, Coca-Cola, McDonald’s, and Boeing, before the bell Wednesday
Ford, after the bell Wednesday
Shopify, before the bell Thursday
Apple, Amazon, and Starbucks after the bell Thursday
$NFLX Follow up - Going according to plan so farNetflix seems to be following my previous prediction after bear trapping a lot of people out of their positions. With a break above the supply zone and double confirmation from RSI and MACD, we can expect to continue seeing growth from Netflix tomorrow and next week.
Happy Trading Everyone!
Stefan
( NFLX ) NETFLIX analysisTechnical analysis: the price has reached a historical resistance , with a bearish divergence signal on the RSI indicator , this could lead to a re-test of the yellow zone located between 580$ - 560$
Fundamental analysis : NETFLIX'S PE ratio is relatively high compared to tech industry with respectively 65 for netflix and 25 for average tech industry's PE ratio
analysts says that new subscribers gains in netflix are already priced into the stock price (source : Deutsch bank)
Netflix Post Q3 Earnings Analysis$NFLX - Netflix neared a record all-time high after market close - as the largest streaming service brought in more subscribers than analysts projected in Q3. Profit also beat forecasts, while Revenue was in line with estimates.
EPS of $3.19
Sales +16.3% to $7.48 billion - anticipates another +16% gain in revenue Q4
Profit of $1.4B
Revenue of $7.5B
Netflix added +4.4M subscribers globally to total 213M - expects to increase its subscriber base by +8.5M in Q4
$DIS: America's Sweetheart is WobblyLabor shortages, increased streaming competition, sub par content as of late. Will value investors step in and save it at 170 or is this a major crossroads in the future of this giant. The bullish case here mostly lies in whether or not inflation will persist. If we see the dollar continue to improve, value names may be on the table which will involve this getting snapped up. However, if inflation is persistent it may be a huge struggle to retain labor and could put a dent in streaming profits