Netflixshort
NFLX ( Netflix ) SELL TF M15 TP = 631.71On the M15 chart the trend started on Aug. 20 (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 631.71
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelievelnTrading
Netflix has recorded a new ATHNetflix has recorded a new ATH.
Netflix (NFLX) has been a powerhouse, reaching new all-time highs. After hitting an ATH of around $700 on November 15, 2021, the stock experienced a significant decline, bottoming out at approximately $162 on May 11, 2022.
However, it has since rallied impressively, culminating in a fresh all-time high of around $710 today.
For those who entered the market during the downturn, this has been a remarkable opportunity. Congratulations are certainly in order.
Looking ahead, the $697 zone appears to be a strong resistance level, while $679 is likely to act as support.
NetFlix - Come in, the Water is fine!Below the Lower-Medianline-Parallel, the Water is fine!
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Netflix Breaking Major Support Not a Good look Hi guys! This is an Update on Netflix (NFLX) on the 1 day chart.
We are currently at risk of a trend change in the makings due to a breakdown of Major Support.
This is a zoomed in look on the daily timeframe.
But if you look at my previous idea below, notice the Uptrend Channel that Netflix has been following since June 2022.
Todays candle is currently BELOW this Support trendline of the Channel.
Not a good look for Netflix.
But brings in opportunity for take a Short, once confirmation comes in.
Notie also that with the print of the Massive BEARISH Engulfing Candle, we are now below the 21 EMA.
Note the BEARISH Engulfing Candle indicates extreme selling pressure. It shows that the majority of the previous move up to the resistance was sold off by this 1 candle print.
With this daily candle & the engulfing candle it equates to the entirety of that move.
Being BELOW the 21 EMA, tells us declines are likely ahead of us. ALso if we are where we are with the close of our current daily candle, we will confirm BELOW 21 EMA.
Thus supporting probability of further declines.
Look to the Black Horizontal Line below us for our current target for this price decline.
BUT if we can somehow move back ABOVE the channel, by the end of the week before CONFIRMATION. This could support the probability of us resuming our Uptrend.
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Stay tuned for more updates on NFLX in the near future.
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DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
Netflix to breakdown?Netflix - 30d expiry - We look to Sell a break of 410.77 (stop at 430.77)
We are trading at overbought extremes.
485 has been pivotal.
Prices have reacted from 485.
Short term bias has turned negative.
Short term momentum is bearish. 411.50 has been pivotal.
A break of the recent low at 411.50 should result in a further move lower.
The bias is to break to the downside.
Our profit targets will be 360.77 and 350.77
Resistance: 430.00 / 445.00 / 455.00
Support: 411.50 / 390.00 / 370.00
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Impact of Netflix Subscription Increase on Stock PriceFirstly, let's acknowledge that as a leading global streaming platform, Netflix has experienced tremendous growth and success over the years. However, the recent announcement of a subscription price increase raises concerns about the company's future profitability and market dynamics.
While the subscription increase may seem logical to counter rising content production costs and maintain profitability, it is essential to consider the potential consequences. Historically, price hikes have been met with mixed reactions from subscribers. In some cases, these increases have resulted in customer churn as consumers seek alternative, more affordable streaming options.
Given the intensely competitive nature of the streaming industry, with established players like Amazon Prime Video, Hulu, and Disney+, it is essential to assess the potential impact on Netflix's subscriber growth. A possible slowdown in subscriber acquisition or an increase in customer churn could negatively impact the company's revenue and, consequently, its stock price.
Therefore, please exercise caution and consider holding off on buying Netflix shares until we have more clarity on the market's response to the subscription increase. Monitoring key metrics such as subscriber growth, churn rate, and competitive positioning will be crucial in making informed investment decisions.
As investors, it is our responsibility to assess risks and opportunities objectively. While Netflix remains a dominant player in the streaming industry, the potential repercussions of its subscription increase must be noticed. By adopting a wait-and-see approach, we can better evaluate the long-term implications on the company's financial performance and stock price.
In conclusion, I encourage you to exercise caution and closely monitor the developments surrounding Netflix's subscription increase. Holding off on buying Netflix shares until we have more visibility on its impact will allow us to make more informed investment decisions.
The stock price of Netflix is experiencing a slight decline.It appears that Netflix shares are attempting to regain their position at 287 dollars, as the current trend seems to be a pullback resulting from the previous breakout of support. It is noteworthy that the price does not seem to be heading any lower, and instead, a strong upward movement is anticipated, which may lead to the price rising to a minimum of 349 dollars.
Netflix - SHORT (54% profit) / where to buy (NEW)In May 2022 Netflix has hit lows seen last time in September 2017.
Since then NFLX has been on a steady rise. It looks like the price is in some kind of a rising channel.
Indicators such as MACD or RSI are implying more upside in the next weeks. It looks good for bulls. Around $380 we may see a rejection as it's a huge resistance now. We expect bears to take over from there and the downtrend to resume. If the price drops 54 % from there we could see a potential higher low /double bottom which would be mega bullish and would help bulls to confirm the long-term uptrend.
-Short at the strong resistance
-exit for shorts / buy area: $177 - $170
Most likely it will take many months for a price to reach a buy area therefore patience is required .
Good luck
Netflix: Continue Watching 🍿Bring on the Popcorn! The Netflix stock continues to rise and should finish the turquoise wave A soon. Once completed, the stock would fall into a correction until the course drops below the support line at $252.06 and wrap up the turquoise wave B. Once the stock hit its corrective low, the course can start an upwards trend to climb further North in the longterm.
$NFLX next target $148$NFLX just rejected resistance in the $300 for the second time and has fallen back below. It looks like price has formed a rising wedge of sorts and upon a breakout fo the structure, would see a breakdown to the $250 range.
However, I don't think that will be the low as price has never tested that $250 support. I think it's likely that we'll break that support area and take out the previous lows ~$170ish before bottoming in the $148 region. Let's see how it plays out.
2 earning reports to watch October 2022It’s that time of year again; earning session for US stocks. With so many other variables contributing to volatility in the US markets (e.g., inflation, Fed rate hikes, recession, oil prices, quantitative easing), anything out of the ordinary can result in huge moves in stock prices. This has already been witnessed in an early report from Nike (NYSE: NKE) last week, where it missed on some metrics and was punished with a -12.8% fall in its stock price.
So, with this in mind, here are two earning reports to watch this October.
Advanced Micro Devices (NASDAQ: AMD)
AMD updates the market with its earnings on Tuesday October 25, alongside some of the other major companies on the NASDAQ, including Microsoft (NASDAQ: MSFT) and Alphabet (NASDAQ: GOOG).
AMD shares fell +23% in September, partly impacted by the weak report from sector compatriot Micron Technology (NASDAQ: MU). It is the weak demand outlook that Micron painted for personal-computer products that makes AMD’s upcoming announcement one to watch.
Similarly, Taiwan Semiconductor (NYSE: TSM) is reporting on October 13, which could serve as another barometer for the industry before AMD delivers its report.
Netflix (NASDAQ: NFLX)
It may be a make or break earnings report for Netflix on Tuesday 18 October.
Netflix shares climbed +8.4% over September, and over +30% since its last market update in June, where it reported a loss of almost 1 million subscribers. In fact, Netflix was one of the top S&P 500 performers last month, where the broader market index fell by -8.0%.
In the upcoming announcement, investors will be looking out for more details concerning the company’s plan to diversify its revenue base with ad-tier subscription and its heretofore mild penetration into the gaming space.
Some surveys point to almost half of Netflix’s subscribers considering a switch to the company’s ad-tier plans, which would mean that Netflix would have to fill that subscriber revenue gap by selling $5.4 billion worth of ad space.
Netflix ready for another breakdown?Netflix - Intraday - We look to Sell a break of 214.49 (stop at 224.21)
Price continues to trade within the triangle formation.
Posted a Double Top formation.
Trend line support is located at 218.00.
A break of the recent low at 214.69 should result in a further move lower.
214.69 has been pivotal.
Daily signals are bearish.
Short term momentum is bearish.
There is no clear indication that the downward move is coming to an end.
Our profit targets will be 191.61 and 182.61
Resistance: 230.00 / 240.00 / 250.00
Support: 215.00 / 200.00 / 190.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses
Netflix breaking down? Netflix
Short Term
We look to Sell at 220.83 (stop at 236.96)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. Price action looks to be forming a top. We look for losses to be extended today. The medium term bias remains bearish.
Our profit targets will be 170.19 and 164.87
Resistance: 248.70 / 329.82 / 333.22
Support: 207.41 / 169.70 / 164.28
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.