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Netflix Analysis, The Entry into The Gaming Sector Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ 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.
NASDAQ:NFLXLong
by GabiDahduh
Netflix Analysis, A breakout is near Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ The Netflix stock price is still trending in a sideways channel between the ranges of 478.73 and 565.39, the side movement of the trend is still not broken and the market is trending in the middle range of the channel, Note that the Major trend is still bullish for the stock with no major reversal signs yet. We could be seeing a movement in the current trend in the next period of time which could affect the major trend, but a confirmation and a breakout is needed to say that the trend has changed. Talking about a lower time frame, On the daily basis we are looking at 2 different Scenarios in the next few days : Scenario 1 : after a Bullish Harami pattern has emerged in the market, the price will most likely move up and hit the first resistance level at 529.81, if the Bulls were able to hold control then the price will keep going up and will be headed to the resistance line at 551.28 which would bring the Stock price to near the high edge of the channel where we could be seeing a Bullish breakout for the long term trend. Scenario 2 : The bears are still in control right now and will try to bring the stock price lower, their first stop would be the first support line at 508.34, where the Bulls will have a chance to regain control, but if the Bears were able to hold that control then we will be seeing the price going even lower and hitting the support line at 486.81 which would bring the stock price near the low edge of the channel where we could be a Bearish breakout for the long term trend. Technical indicator showing : 1) The Market price for the daily trend is above the 5 10 50 100 200 MA and EMA (Bullish sign) 2) The RSI is at 49.66 showing that the market is in a Neutral state right now, a movement in the price could be up or down. 3) The Stoch is showing a positive crossover between %K and D%, No divergences were found between the indicator and the market. (Bullish sign) 4) The Ultimate Oscillator is at 60.033 and giving a buy signal. Support & Resistance points : support Resistance 1) 508.34 1) 529.81 2) 496.12 2) 539.06 3) 486.81 3) 551.28 Fundamental point of view : A federal judge on Monday said Netflix Inc must face a defamation lawsuit by former Manhattan prosecutor Linda Fairstein over her portrayal as a racist and unethical villain in "When They See Us," a 2019 series about the Central Park Five case. U.S. District Judge Kevin Castel in Manhattan said Fairstein had plausibly alleged defamation as to five scenes, including that she withheld evidence, coerced confessions and directed a racially discriminatory police roundup of young men in Harlem. The Earnings Per Share has grown by an impressive 62.73% over the past year. Measured over the past 5 years, NFLX shows a very strong growth in Earnings Per Share. The EPS has been growing by 81.41% on average per year. The short term is neutral, but the long term trend is still positive. Not much to worry about for now. NFLX is in better financial health than average in its industry. Its Altman-Z score is much better than the industry average of 2.50. An Altman-Z score of 6.53 indicates that NFLX is not in any danger of bankruptcy at the moment. This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts 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.
NASDAQ:NFLX
by GabiDahduh
Anyone else in Netflix sells 😉 🙌Been in this netflix trade a few days now. Do we think it'll continue down to the TP line? No one knows that for sure! Trade details are shown on the chart. We're only looking for TP3. It's been close already! But we stick to the back tested proven objective plan. Trade history can be seen below this trade idea too for full transparency. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you.
NASDAQ:NFLXShort
by pow_removetheguesswork
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.
NASDAQ:NFLXShort
by monstersTrading
How I've traded Netflix this year. Morning traders. I just wanted to share how I've traded Netflix this year with the script I am using and the results I've gotten. Traded netflix only on an account with a well known CFD provider. £200 deposited and 76% gains on investments since March risking 1% per trade. This information is all provided by the back test data screen shot at bottom of the screen. As you will see from the idea screen I have provided details of how the script prompts me when to enter the market. I simply enter the market set my stop loss and take profit targets and let the trade play out. That easy! All the back test data backs the strategy up and takes away all the emotion of trading. Something we all struggle with as traders. Once the trade has played out I simply wait for the next signal alert and go again. This particular example is working the H1 and the example is taken from back in June and July. Currently I am in a live long position on this chart as we speak. So we will see how that plays out. For any more information on the script I am using please message me.
NASDAQ:NFLXEducation
by RichScott
Netflix's Another Bearish AttemptNetflix, Inc. has broken the support trendline channel of September 2019 and closed negatively at $480.67 in a loss of -19.52 ( -3.90% ). We can see price correction up to 61.80% retracement levels. As per the fundamental research reports, it's totally in an uptrend. And according to technical analysis, NFLX may start a potential reversal from $476 for $506 - $518 - $538+ levels. According to the secret source, this stock may hit $550 - $570+ prices before October 2020 end. Entry-point key: Short-term investors can start initiating new positions after the divergence of Stoch RSI. Please note here is the supply & demand zone based on the support trendline & control price.
NASDAQ:NFLXLong
by forextidings
NFLX Pre-Move Analysis |Technical look on $NFLX NASDAQ:NFLX with potential options play Netflix makes $100 million commitment to support Black communities in the U.S. As we come toward the end of this massive 10 month wedge, we must be patient. Throughout Covid, Netflix has performed rather well since the first wave, achieving 20% above previous 2020 highs. Will Netflix moon into earnings? Will earnings disappoint long investors? Comment your thoughts below! The Plays: Estimated Time: 7-11 weeks - Bullish - Breakout on the upside or other bullish activity: NFLX $540 Call expiring late september, this break will result in a massive rip in which we will aim to play the continuation. Take profits! - Bearish - Break toward downside, lose of channel: NFLX $460 Put Expiring late September or October. Chart is giving off more bearish signals than bullish but that's not pricing in Covid. We will cover this play when the time is right, be sure to keep your eye on it. This is not financial advice nor am I a financial advisor DotcomJack
NASDAQ:NFLX
by DotcomJack
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