Netflix: Buying the Dip Netflix - Short Term - We look to Buy at 564.00 (stop at 542.00)
We look to buy dips. We have a 61.8% Fibonacci pullback level of 479.00 from 700.00 to 563.00. The 200 day moving average should provide support at 560.00. Previous resistance, now becomes support at 560.00. The bias is still for higher levels and we look for any dips to be limited. Risk/Reward would be poor to call a buy from current levels.
Our profit targets will be 612.00 and 633.00
Resistance: 632.00 / 675.00 / 700.00
Support: 600.00 / 560.00 / 510.00
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Netflixlong
Netflix Stock is Showing More StrengthNetflix stock NFLX is seen hugely stick to its bullish momentum, despite the stock's bears trying to confirm the price's reversal pattern (Double Top).
The reversal pattern has failed; the stock tend to rebound from the lower boundary of the ascending channel to hit $689.65 point.
$NFLXShares of Netflix (NASDAQ:NFLX) were up 4.8% as of 1:14 p.m EDT on Tuesday. The streaming media veteran saw a bullish earnings preview from analyst firm Cowen & Co., which included rosy results from Cowen's proprietary media viewership survey
In a third-quarter survey of 2,500 U.S. consumers, Cowen asked which media platform has the best video content right now.
Netflix led the pack with 28% of the vote, far ahead of YouTube's second-place tally of 15% and basic cable's third-place showing at 10%.
The "other" category, which includes social networks and various smaller video publishing platforms, added up to 13% of the vote.
Netflix was also found to be the leading service that consumers use most often for viewing videos, ahead of "other" platforms and basic cable.
This figure rose to 33% when zooming in on the important age group of 18- to 34-year-olds.
The stock reached another all-time high today, having posted a market-beating gain of 11% in the last three months.
Whether Netflix meets or misses Wall Street's expectations on Oct. 19, the stock is primed to make a big move on the news. Either way, Netflix remains one of my favorite stocks in the digital media space.
On the technical side of things Netflix is looking extremely bullish on the higher frames.
Breaking above previous resistance with a continuation up, I can’t see why this wouldn’t stop here.
It’s a little on the overbought side of things on the daily chart so could see slight pullbacks but overall should continue it’s way up.
MACD bullish.
RSI overbought.
Next point. $700
Watchlist this.
Netflix Analysis, The Entry into The Gaming Sector Hello everyone, as we all know the market action discounts everything :)
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The market seems to be falling into a small sideways move for the last 10 days that's located between the ranges of 610.13 and 572.07.
NFLX has been doing great for itself, in the last month the stock jumped from 504.75 up to 615.75 that's a 22% increase which is huge and both the long and short-term trends are positive.
NFLX has an average volume of 3244020. This is a good sign as it is always nice to have a liquid stock.
Possible Scenarios for the market :
Scenario 1 :
The market is trading at 599.06 and it's crossed the first resistance located at 595.54 and it looks that it could be headed to the main resistance zone near the 607.23 area
If the market was able to breakout that zone we will be seeing a breakout of that sideways move that could lead the price to a new all-time high at the range of 636.36.
Scenario 2 :
In case the market continues his sideways move, we could see the price drop to the lower end of the channel near the 576.41 level and bounce back up after a battle over control between the Bears and Bulls with the winner most likely to be the Bulls.
The market will probably trade in the channel range for a while before reaching the resistance zone at 607.23 and breaking out of it.
Technical indicators show :
1) The market is above the 5 10 20 50 100 and 200 MA and EMA (Strong Bullish sign)
2) The RSI is at 62.54 showing Great strength in the market, IF the RSI drops from here it will Create a divergence with the market.
3) The ADX is at 33.01 Showing that the market is trending with a positive crossover between DI+ (27.21) and DI- (14.41)
Daily Support & Resistance points :
support Resistance
1) 576.16 1) 595.54
2) 568.47 2) 607.23
3) 556.79 3) 614.92
Weekly Support & Resistance points :
support Resistance
1) 573.88 1) 605.12
2) 555.36 2) 617.84
3) 542.64 3) 636.36
Fundamental point of view :
Netflix Completes The Acquisition of Night School........
for those who don't know Netflix has announced that it has completed the acquisition of Night School. The gaming studio is known for developing games and is behind the popular game Oxenfree.
This new project will provide Netflix with a lot of Value now that its steeping into the Gaming sector.
The VP added that Netflix is dedicated to building the creative capabilities and library of Netflix games with Night School. He added that Netflix intends to introduce exclusive games designed for various categories of gamers. The games will be included with its membership, and users will get to enjoy them with no ads or in-app purchases.
NFLX has a Return On Assets of 10.72%. This is amongst the best returns in the industry. The industry average is -3.91%. NFLX outperforms 90% of its industry peers.
NFLX's low PEG Ratio, which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company which could indicate a big increase in the stock price in the near future.
This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice.
If you have any questions please ask and have a great day !!
Thank you for reading.
Let's get into some stock trades #3- NetflixNetflix has been chopping for more than a year now and consolidating really hard, but with a clear emphasis on the upside. It's still showing signs of strength and could move much higher pretty soon given that it's been in this range for 14 months. Don't know much about the financials of Netflix but I do know it's growing and is one of those companies that has a huge brand and is like many other companies more of a network than a company.
The path I've drawn isn't the path I think it will follow, but the path that it might follow if it wants to create more pain for all those that are long right now.
Great Bullish Setup on NFLXNetflix slowing showing signs of bouncing off of the the lower Bollinger Band while also displaying bullishness via the Stoch indicator. Price target is Fibonacci resistance which is 547.
Bullish Signals
-Bollinger Bands
-Stoch Oscillator
-weekly signals a potential bullish squeeze
Price Target
-547
Netflix long and chill 🎞️🎥📈After a successful sell I covered in an earlier idea our strategy says its time for a buy on Netflix.
Trade details are shown on the chart.
We're only looking for TP3.
Trade history can be seen below this trade idea too for full transparency.
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The stats for this pair are shown below too.
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Should you buy Netflix stock? With its huge subscriber miss in the first quarter and weak guidance for subscriber growth, the weaknesses in its business model are undeniable. As a growing number of competitors take market share at a rapid rate, it’s clear that Netflix cannot generate anywhere close to the profits implied by the current stock price. Netflix reported just under 4 million new subscribers in the first quarter, well below its previous guidance of 6 million and consensus expectations of 6.3 million.
Netflix On Your Watchlist ?NETFLIX stocks price is inside a channel ranging with a small volatility, and here are our two possible scenarios:
1- Staying inside the channel: Price goes down, touches the lower trendline and our RRR will be perfect as the stop loss won't be too far. Plus, we will be around an important support zone, decreasing risk on our trade.
2- Going outside the channel from the upper side: After validating the upper trendline, price can be bullish until hitting the resistance zone where short opportunities stand.
Attention: Beware of a fake break out. Watch out the NYSE session, follow the global news and Trade Safe
Best of Luck Watchers
Netflix ongoing Long position. Morning traders.
I have just recently posted an idea on how I've traded Netflix this year.
I have linked that idea in on this one.
Just wanted to share and fast forward to the here and now to show the long position currently entered via the script I am using.
For any information on the script please drop me a message.
NFLX and chillin'NFLX has been moving within a smaller range for quite an amount of time, and the breaking of the uptrend line also signals a nice buying opportunity with significant upside. Several technical indicators such as MACD, SMAs, and boilinger bands support the bullish hypothesis for NFLX as well. Trade safe and trade wise!
Long on NetflixI am entering a long position on Netflix based on the price action on the daily chart. I have drawn out a ranging zone that has been respected. Currently price has formed a bullish pinbar at a significant level on the daily. The bullish pinbar that broke out of previous resistance and support is now acting as support again. If you look on the weekly chart, you can see how price has respected the strong weekly support area and price shit up in the direction of our target.
Netflix zones buying and selling.Netflix stock has been trading in a more predictable wave pattern then most tech stocks at the moment, not saying it is predictable at all but judging from support levels where buyers stepped in and sellers sold, you can make an informed decision on when is it optimal to add or shed your holdings. Most optimal buy zone is between 460-492. From 493-502 is the last avaiable zone for optimal buying with selling going from 524 and up while the zone in between 503-523 is when you should just hold the stock