Netflix Going Long after correction phaseHello Traders!
Here is the most possible scenario for Netflix on the next weeks.
Netflix Now in a correction phase and After NFLX Break 3 Important High Low, i expect Netflix To Be retracement from the red rectangle as buying zone
Let Me Know In The Comment Section Below If You Have Any Questions
NFLX
#NFLX how deep?So I have used the Lord Skin's formula and the target price for Netflix is roundabout $105. This is some 44% drop from the current level. Lets see.
Debt Level: NFLX's net debt to equity ratio (48.6%) is considered high.
Reducing Debt: NFLX's debt to equity ratio has reduced from 113.6% to 82.8% over the past 5 years.
Debt Coverage: NFLX's debt is not well covered by operating cash flow (3.7%).
Interest Coverage: NFLX's interest payments on its debt are well covered by EBIT (8.2x coverage).
Insider Buying: NFLX insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
NasdaqGS:NFLX Recent Insider Transactions by Companies or Individuals
Date Value Name Entity Role Shares Max Price
28 Jan 22 Buy US$20,001,609 Wilmot Hastings Individual 51,440 US$393.47
05 Nov 21 Sell US$643,206 TCMI Inc. Company 975 US$660.35
03 Aug 21 Sell US$479,042 TCMI Inc. Company. 939 US$510.16
NETFLIX at Key SupportPrice is now at key support around 190 level.
In the monthly timeframe, it is showing strong bullish divergence with RSI.
If this support breaks then the next support is around 125 level.
Target in both cases will be around 400 (Long term).
Do your own research before investing.
Peace !!
NETFLIX NFLX Stock Is SHORT This Week!After the big fall that the stock has made recently after subscriptions raised rates of Netflix services + the new term that Netflix has revealed of having 1 account per user which in other words means that he would no longer be able to share his password with anyone else and has to pay for the service to consume the service that Netflix produces, in confluence with Netflix withdrawal of Russia after the Ukrainian-Russian war, which made the company lose more than 700K users at once. All of these signs are still impacting the stock and will for few weeks if not months still, that's why the price will surely reach the lowest selected zone of the chart if not even break and fall even more.
I'm Short on Netflix NASDAQ:NFLX !!
NFLX NOT A BUY YET! where is the near term bottom?Today's low was $211.52. I do not believe the bottom is in yet. Next level of support is around $196.00. I will likely start buying at $205 and adding every $5 below. Looking for a bounce on NFLX to $230-245 range once bottom is in. NFLX blew right through my $267 support and next level of $230 support. Tomorrow is options expiration likely not to get a lot of range in tomorrow. Perhaps Monday this will be ripe to start buying for a bounce. NFLX is oversold but can and will go lower.
NetFlix needs to Attention nowNetflix is so ready to start a Reverse and Rise Price Cause it falls more than 50% of Price and now on a Strong support that can push price to up, so Buy carefully and buy it in 4 Step.
Buy@ 210$, 180$, 140$, 90$
Stop loss@ 80$
Take Profit@ 700$, 950$, 1200$
it's so Important to buy Step by step and not be Greedy and buy More Volume in 90$
Netflix - Potential for 250% Upside?Is there an opportunity for a good bull trend for Netflix ?
There has been a lot of discussion around Netflix lately with sharp drop in share price after the latest earnings report. And not getting much into fundamental analysis where the main message is clear - growth of subscribers and hence revenue, profits and generally margins is going to slow down. Here are few points/questions on the potential development of the price for discussion:
Has the market already priced this negative forecast with 70% collapse in share price?
Is the price fair now considering that (1) P/E is at the lowest point 19 x compared to over 70 x 2 years ago, and over 100 x 3 years ago, (2) RSI is the lowest since 2011 on the weekly timeframe?
Is technical analysis telling us that correction in the shape of an Expanded Flat (using Elliot Wave Analysis) is getting to completion and there is a new bull trend may be beginning soon with upside of 250% to $700?
Technical analysis remarks - this idea is based on formation of the Expanded Flat correction with 3-3-5 structure as noted in the graph:
First wave (zigzag) - drop in price from 21 Jun 2018
Second wave (zigzag) - bullish trend which is difficult to mark as an impulse, from 26 Dec 2018
Third wave (impulse) - a clear 5 wave decline from 17 Nov 2021
This is only one of the potential scenarios that can develop in Netflix and it is not an advice to go long All-In. There are different rules for entering position depending on your risk appetite.
Glad to hear your thoughts on the analysis and if you see the next potential scenarios through fundamental or technical lenses differently, please share.
Thanks
It is buy opportunity in 200As the chart shows price decreased and it is near 203 as the good support and the price of 2018 , netflix is not exploded so dont sell yours cheap, from 203$ it can come back to pull back .
I believe that Netflix market maker buy all your in the dip for comming days to sell you again
203$ support in exactly equal to the channel width and if we see and signs of come back such as divergence with RSI or good volume we can enter with target of higher price
Have a good days
NFA
NFLX Netflix: 1D Chart ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Netflix, Inc. (NFLX).
The chart is self-explanatory. Death cross may be coming up. RSI just broke out of the support line. Keep an eye on the Support Zone.
Included in the chart: Trend line, Support and Resistance Lines, RSI, MFI, Death Cross, Simple Moving Average, EMA Ribbons, Volume.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
I have additional charts below on cryptocurrencies, stocks and more to review. Check them out!
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
NETFLIX When bubbles pop. The bottom isn't in yet.Netfilx (NFLX) is having a historic weekly selling pressure after the negative quarterly report, which showed a loss of 200k subscribers, putting a stop to a growth for the first time in 10 years.
This chart on the 1W time-frame shows how the NFLX bubble popped in mid January 2022. The Jan 18 1W candle broke both below the parabolic growth curve (black) and the 1W MA200 (orange trend-line) in the same week. That was the confirmation of the start of a Bear Cycle. So far the stock is on an almost -70% correction from the November 2021 All Time High (ATH) but this is by no means the bottom.
Since the 1W MA200 broke, which was a trend-line supporting the bubble since January 2013, we have to go to the monthly (1M) time-frame to look for the next Support. That is the 1M MA200 (red trend-line) which is currently at $137.82. If that is reached before June, that would represent a -80% correction from the top, which is typical for Bear Market bottoms. The 1W RSI is at the lowest level historically since Netflix started first trading.
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NFLX express - where's the next stop..???NFLX
Currently the price is below the support/resistance structure, after a correction/pullback, I expect the price to continue lower
Support area :-
1st support area - near 180 level
2nd support area - near 130 level
Trade Wisely
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
NFLX: it was a good movie!The earnings season continues in the U.S. stock market. Netflix (NFLX) is down by 35% on a negative quarterly report. Netflix lost 200,000 subscribers in Q1.
Subscriber growth stopped for the first time in 10 years! The company acknowledged that it was becoming harder and harder to grow its subscriber base in many markets. Also, the termination of streaming platforms in russia could have affected this. Closest competitor and streaming giant Disney (DIS) fell by 5.56% after the Netflix report.
Fundamental analysis. Globally, we can already say that against the background of geopolitical instability, rising prices for energy and high inflation - user growth is not expected, because consumers will spend more money on basic products (food, real estate) than on additional luxury products.
Also, the lockdown in China, as one of the world's leading manufacturers, does not help market to grow and the negative news about the worsening economic indicator does not inspire optimism at all. Chinese developer Evergrande is just the beginning of the chain.
Chart analysis. On the chart we marked the accumulation and distribution zones. The trigger for Netflix's price rise was the HYPE (according to G.Trends data) around the newsmaker of the 2021 TV series Squid Game. The hype helped the big player sell stocks even faster.
The low liquidity areas were a great support for the price. Note the increased volume of the first bottom. This is where traders and investors opened longs, expecting this to be the end of the fall. The second bottom liquidated traders who use any leverage, and the panic sell-offs now will only help the big player to buy more.
The liquidity gaps areas:
1. $188-226
2. $389-422
Technically, these levels could give a good clue about the direction of the trend in the future.
Right now the price is down by 73% from the ATH. Here the accumulation phase may begin again in the $200-350 range.
Write in your comments, did the Squid Game HYPE accidentally become a NFLX highs (ATH)?
Friends, press the "like" button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
NFLX: Bill Ackman and knowing when to quitBy now, if you haven't heard about Netflix's results then you've surely been living under a rock!
The key driver of the price decline was the first decline in subscribers in 10 years in Q1...
-200k
But the real story here isn't Netflix's decline, but the way a one Bill Ackman has responded to the price decline.
If you don't know Bill Ackman, he's the famed owner and fund manager at Pershing Square Capital Management, who is notorious for his massive short on Herbalife (which got blown out of the water, but he was absolutely right to be short that hell hole of a company).
Ackman started buying shares in Netflix back in late January, and built up a position to the tune of 3.1mm shares...
In a letter to his clients, Ackman praised the company's "best-in-class management team" and on Twitter, the manager said he has long admired Netflix CEO Reed Hastings and the "remarkable company he and his team have built."
But as we know, things change quickly in markets.
Let me preface this by saying I don't think Pershing's Netflix bet was a particularly strong one.
Many streaming services have been introduced increasing competition and diluting the customer pool and with budgets constrained by inflation, demand for luxuries was always going to subside.
That's the economic case, but from a market focused and portfolio basis, there was always going to be turbulence as the Fed turns ever more hawkish - higher rates lead to cash flows in the future being discounted less as the working average cost of capital increases, which is BAD for high growth companies with large price:earnings multiples (see what's happened to Zoom, Roku, and more generally, all the pandemic related memestocks with massive PE ratios which have been nicely deflated over the last 12 months or so).
But that doesn't take away from how Ackman handled his Netflix position.
See, the central thesis was really predicated on positive subscriber growth...
Netflix didn't achieve that this quarter...
So Ackman dumped the position.
That's what everyone should be doing, and it is how I look at risk and management of positions...
If your central thesis changes, then change your position.
Now to go further on why I don't think Netflix is a good buy, and why I disagree with Ackman that management is good, you simply have to take a look at their FX hedging strategy (or lack of).
In 2021, they lost $280mm due to not hedging their FX exposure globally.
For a company that operates in every country in the world, this is quite frankly insanity, and shows the management that they have too much concentration on subscriber growth and not enough on where they might be bleeding revenue, especially revenue that has a relatively easy fix.
But again, this is something to learn from.
Work out the core thesis as to why people will buy the stock - prioritise what matters.
To me, the unhedged aspect is simply alluding to the management not looking at certain parts of the biz, which then asks the question, 'what else don't they have their eye on?'
But if that subscriber growth had gone up, it wouldn't matter.
Prioritise your themes.
The key thing to remember as well, is that although this is a big monetary loss, the position was only about 4% of AUM at Pershing.
Some people lose that and more in a day!
So this is simply another day for good old Bill.