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Netflix

A new high above $541.39 is possible for Netflix Inc NFLXA new high above $541.39 is possible for Netflix Inc NFLX Business Overview Netflix Inc with symbol NFLX operates a subscription streaming entertainment service. Upcoming Earnings Report January 19, 2021, for the period ending December 2020 Chart Reading Netflix Inc with symbol NFLX has been trading in a narrow range since Jul 10, 2020, between the low price of $468.29 and a high price of $541.39. Recently, the price has been advancing slowly on the 8 hours chart. Currently, the stock price is $540.73 as of market closed on December 31, 2020. The price pattern has been ascending slowly almost unnoticeable. Volume recently has been in the average range of around 5,008,303 according to Yahoo Finance as of market close on December 31, 2020. The current average volume is much lower compared to the initial average volume at the beginning of the year 2020. Macd is a trend following indicator and has been trending higher and remained above the signal line. In addition, the Stochastic indicator is an oscillator indicator and has been above the 53.48 level. The Stochastic indicator has been retesting the 80 levels since the beginning of December 2020. That usually means the security is overbought, but in this case, I think this stock is going to break out soon to a new high and this indicator will stay in the range of 80. Market Opinion I am 70% bullish and 30% bearish. I think the symbol NFLX Netflix potentially can break above the current high price of $541.39 to a new high soon. However, the price may retest the low price range of around $468.29 before making a new high. If the stock cannot maintain the price of $468.29, then the price may be hit a possible low of $375.61. Some thoughts on Portfolio Management Strategy & Risk Management For long traders waiting for an opportunity to enter this stock, it is expensive to enter at the current market price of $541.39. Instead, a better entry price is around $468.29 if NFLX Netflix truly bottoms around that price. Make sure there is a true bottom signal before entering this stock if you are a long trader waiting for an opportunity to enter. Current long traders holding this security at around a price of $541.39 should be careful of a potential pullback to $468.29. Thank you for reading! Greenfield Remember to click "Like" and "Follow!" Disclosure: Chart interpreted by Greenfield. Just a market opinion by Greenfield Analysis LLC for educational purposes only. This is not a recommendation. Greenfield Analysis LLC has no investment in any of the securities mentioned in the article, and no plan to initiate a trade in any of the securities mentioned. Greenfield does not receive any compensation for this writing. Investment involves substantial risk. You should consider carefully before making an investment. Investment at your own risk.
NASDAQ:NFLXLong
by GreenfieldAnalysis
2
NFLX in a channel; good swing trade setupHello my fellow traders and devoted padawans. One of my followers asked me to analyze NFLX, so here it is. Although NFLX is a great stock it is going to have fierce competition from Disney+ so if you are a long term investor, keep that in sight. But we are here to talk about what's happening right now on the chart. As you can see, NFLX has been rangebound for quite sometime now. This can be seen as a healthy consolidation before a push up but it also means we can take advantage of the swings within the channel to make an extra buck while we wait for a move up (if that happens). I am not in NFLX but after looking at the chart I may jump in for a quick swing trade here and there if the opportunity presents itself. CHANNEL So let's talk about how you can take advantage of the channel, which in my opinion is one of the easiest "patterns" (not really a pattern but you get it) to trade because it is in a defined range. Now if you look at the chart you will see that the channel has different levels of support and resistance. That is fine because channels can have sub-channels, which is perfectly normal. The issue with sub-channels is that it may be difficult to know whether the price will move to the support/resistance of the outer channels or if it is going to stay contained within the inner channels. That is why we need other indicators to give us clear signals, a specific one in this case: the Stochastic oscillator. STOCHASTIC TO THE RESCUE The Stochastic is a very good oscillator to use in rangebound markets because when combined with other metrics, patterns, and indicators, it can give us clear buy and sell signals. Here I am using it in combination with the channels support and resistance only because that is enough for our scenario. Sell signal In this chart I made it very easy for you to see that when the price moves up to the resistance (any of them) and the Stoch is in overbought conditions (above 80 or close to it if we are lenient, which works for our scenario) and crossed bearish (blue line below red) the price fell. That crossover of the Stoch lines would be your sell signal (look at the lines and circles). Buy signal Likewise, when the price touches the support (any of the support levels) and Stochastic is in oversold conditions (below 20 or around 20) and the Stochastic lines cross bullish (blue over red) the price moves up. That bullish crossover would be your buy signal. No trading zone If there are crossovers of the Stohastic but the price is not reacting to support or resistance, hold off and wait for a better buy/sell signal. Don't overtrade. MOVING AVERAGES Finally, you can see that the 14,21, and 50 emas are forming a big ema confluence, which is normal and expected in rangebound markets. You can also see that they become resistance and support to the price, depending on where the price is. If the price is squeezed between support/resistance and the emas, it may be safe to wait for a break above or below the emas even if the Stoch is giving a buy signal and price is on support/resistance. Look at previous price action and use your diligence. CONCLUSION This pattern is very easy to trade if you are discipline and don't overtrade but it is not going to last forever so you need to monitor that the price stays within the channel and that other indicators don't start showing bullish or bearish sentiment, which could signal the pattern is about to be broken. In this chart I didn't add other indicators because they are supporting the rangebound move, but on your own chart it is worth adding other indicators to help you identify if/when the pattern is broken and the stock starts trending up or down. Another long analysis my dear chart warriors but this is a lesson you will like to take with you for other trades. It is easy and simple and carries minimal risks because you can exit as soon as the pattern is broken. Share the love: If you get anything out of this TA, please like the chart so it moves up and others can benefit from my work. A simple click on the like button goes a long ways. Follow for more: I have an outstanding winning rate (check my other charts). If you want the best entry/exits just follow me, you won't regret. Thanks a lot! ***The ideas shared here are my opinion, not financial advise to place trades. Please do your own research before buying/selling stocks***
NASDAQ:NFLX
by Safe_Trades
4
Does Netflix have room to run further after earnings surprise?Netflix shot the moon after their Earnings Report after the close. Looks like they'll open around $560-570 tomorrow. With such momentum, if $NFLX could stay above $570+, it'll have room to run past it's ATH, and I foresee it going up to $700 potentially, when you consider all the Me too institutions who will jump all over themselves to upgrade it over the next several days. Happy Trading, from CJ -- aka the greatest FURU. To find out more about The Ultimate Stock Indicator on Tradingview, please check my public profile.
NASDAQ:NFLXLong
by CJCHUN
Buy Netflix ahead of earnings tonightNetflix looks good for a buy in this accumulation pattern ahead of its earnings tonight. Accumulation periods are where price trades sideways as big institutions look to gather up shares whilst aiming not to move price too much before the explosion comes. I think thats what we have been witnessing in Netflix over the past number of weeks. I'm not an expect in fundamentals, TA is my thing, but I think Netflix is a great buy in the middle of a pandemic while everyone is watching it in winter months. Personally I think the content of Netflix has just got better and better. Subscription fees are incredibly low and there is still room for further big earnings per share from Netflix over the coming years. I wouldn't be surprised to see a big spike up tonight to surpass all time highs. Stop loss at the low of the flag in case we have some bearish news
NASDAQ:NFLXLong
by breakoutfakeout
7
$541.39 was expensive! A temporary bottom at $499.54!$541.39 was expensive! A temporary bottom at $499.54 on January 6, 2021. Trade Idea: Short-Term Price Target of $528. A possible retest of $508.05. A retest means that the stock must hold that level or we are looking at the next price at $468.29. This is a follow up writing in regards to my article on January 2, 2020, "A new high above $541.39 is possible for Netflix Inc NFLX." The link to that article is: $499.54 is close enough to my initial prediction. "For long traders waiting for an opportunity to enter this stock, it is expensive to enter at the current market price of $541.39. Instead, a better entry price is around $468.29 if NFLX Netflix truly bottoms around that price." Thank you for reading! Greenfield Remember to click "Like" and "Follow!" Disclosure: Charts and articles interpreted by Greenfield. A market idea by Greenfield Analysis LLC for educational purposes only. This is not a solicitation and not a recommendation. Greenfield Analysis LLC has no investment in any of the securities mentioned in the article, and no plan to initiate a trade in any of the securities mentioned. Greenfield does not receive any compensation for this writing. Investment involves substantial risk. You should consider carefully and do your own research before making an investment and investment is at your own risk.
NASDAQ:NFLXLong
by GreenfieldAnalysis
Why is Netflix going to reach almost $700?Good morning traders, today we bring you our analysis on Netflix, since we consider that it has a great upward potential and is a good investment opportunity. Based on what the behavior shows us in the chart, we can obtain some conclusions: 🔸For many years this stock has been bullish, so we will base exclusively on the behavior of this year. 🔸From the beginning of this year to the ATH, the price had an approximate 100% increase. 🔸Of course, in the midst of the uptrend, as expected, there were corrections of between 15 and 30%. 🔸The remarkable thing about these situations is that, after correcting, the subsequent rise generated new highs. 🔸Right now we are facing a similar scenario, but with a bigger correction. 🔸It is a clear corrective flag pattern, with a duration of almost four months. 🔸The $ 60 zone was impenetrable, and each time the price faced it generated a bullish bounce. 🔸It is now heading towards the upper zone of the range, where we are expecting a bullish breakout. 🔸In the event of a break in the corrective structure, we estimate a minimum target of 20% to the upside, since it is the cloning of the broken range, which takes the price to almost $700.
NASDAQ:NFLXLong
by ThinkingAntsOk
2