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NFLX

NETFLIX Bullish break-out eyeing $725.00Netflix (NFLX) has established trading above the 1D MA50 (blue trend-line), turning it into a Support following the rebound since May 01. With the long-term pattern since June 14 2022 being a Channel Up, similar bullish break-outs above the 1D MA50 (blue circles) have been the start of Bullish Legs. Even the 1D RSI has been very consistent at identifying bottoms. The last two Bullish Legs topped after the price hit the 1.786 Fibonacci extension level. As a result, we remain bullish on NFLX, targeting $725.0 (the 1.786 Fibonacci). Flashback to our previous idea: ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:NFLXLong
by TradingShot
1
NFLX is at the support of the POC line LONGNFLX on a 120 minute chart currently has price sitting on the POC line confluent with the Fibonacci 0.5 level on the previous trend up that was before the trend down from around the time of an earnings beat which was a disappointment because traders somehow expected better. There is been some disappointment about NFLX keeping some of its subscriber trends private. Not a surprise. Price has put in somewhat of an inverse head and shoulders or triple bottom. The Lux Algo forecasting indicator expects a move up. I will take a long trade here. I believe that this is a buyable dip.
NASDAQ:NFLXLong
by AwesomeAvani
1
Netflix Tanks 7.26% on Tepid Forecast, New Support on the WayNetflix Inc. ( NASDAQ:NFLX ) experienced a sharp decline in share value on Friday as a result of its weak revenue forecast and plans to discontinue reporting subscriber numbers by 2025. Despite an otherwise strong start to the year, Netflix's lackluster forecast led to a 7.6% decline in premarket trading in New York, marking the biggest decline since July 2023. While the company surpassed expectations for its first quarter, it indicated that it expects a slower pace of growth moving forward, with subscriber gains anticipated to be lower and revenue expected to increase by 16%. Netflix's decision to cease reporting quarterly membership and revenue per subscriber metrics from the first quarter of next year has also generated concern among industry analysts. These metrics have long been the primary way in which Wall Street has assessed the company's performance, and as such, the decision may be met with resistance. Netflix has sought to shift the focus to traditional measures of performance, such as sales and profit, but management will continue to report significant subscriber milestones. Despite a slowdown in 2021 and 2022, Netflix ( NASDAQ:NFLX ) has experienced its fastest growth rate since the early days of the pandemic, largely due to its crackdown on account sharing. The company estimated that over 100 million people were using an account for which they did not pay, and by convincing these individuals to pay for access, Netflix has added 9.33 million customers in the first quarter of 2024, nearly doubling average analyst estimates of 4.84 million. Netflix's strong slate of original programs has also contributed to its recent growth, with the company delivering a new hit every couple of weeks in 2024. The streaming service accounts for about 8% of TV viewing in the US and is a leading TV network in most of the world's major media markets. The company's recent performance has lifted its shares back toward record highs, giving it a market value of more than $260 billion. While some analysts have raised concerns that Netflix is trading at a valuation that exceeds the fundamentals of the business, others have been impressed with the company's performance and have raised their price targets for investors. To sustain its growth in the future, Netflix has introduced a cheaper, advertising-supported version of its service targeting cost-conscious customers and has invested in live programming, including stand-up specials, wrestling, and an upcoming boxing match. The company has also reported that approximately 40% of its new customers are selecting the advertising option in markets where it is available, although the advertising tier remains small in comparison to online video giants like YouTube. Technical Outlook Netflix ( NASDAQ:NFLX ) stock has broken the ceiling of the rising trend channel on the verge of reaching a new support level at the $504 Pivot point. The stock is trading with a weak Relative Strength Index (RSI) of 25.75 indicating NASDAQ:NFLX stock is in the oversold territory. Traders need to be careful incase of a trend reversal after reaching the new support zone.
NASDAQ:NFLXShort
by DEXWireNews
Netflix Faces Subscriber Growth Challenge Netflix has consistently set benchmarks and pushed boundaries. However, as the company gears up to report its earnings, a closer look reveals a nuanced landscape where subscriber growth is no longer a foregone conclusion. The once-lauded crackdown on password sharing, while initially boosting numbers, now presents a plateauing challenge. With the fervor of the pandemic waning, Netflix must navigate through shifting tides to sustain its momentum. The Password-Sharing Conundrum Netflix's recent surge in subscriber numbers was partly fueled by its global crackdown on password sharing. Yet, analysts warn that the euphoria from this initiative might be waning, especially in mature markets like the United States. While the crackdown may still yield results in burgeoning markets like India, it's evident that Netflix needs more than a singular strategy to fuel growth. Diversification Beyond Traditional Models In a bid to diversify revenue streams and cater to a wider audience, Netflix ( NASDAQ:NFLX ) has ventured into an ad-supported tier. With over 23 million monthly subscribers already onboard, this move marks a significant shift in its business model. Analysts predict that the ad-supported tier could play a pivotal role in mitigating churn and bolstering revenue in the years to come. Moreover, recent price hikes in premium plans could further incentivize users to opt for the ad-supported model, driving up average revenue per user. Strategic Content Investment Netflix's commitment to content remains unwavering, with projected investments reaching as high as $17 billion this year. Unlike its competitors, who are trimming content budgets to achieve profitability, Netflix ( NASDAQ:NFLX ) is doubling down on its content strategy. By retaining a flat spending trajectory, Netflix has managed to attract subscribers while securing rights to coveted content. The recent trend of competitors selling exclusive content to Netflix not only reduces churn but also underscores the company's dominance in the streaming arena. Sports Entertainment: A New Frontier In a strategic move to diversify its content portfolio, Netflix ( NASDAQ:NFLX ) has entered the realm of sports entertainment. The recent deal with World Wrestling Entertainment (WWE) signals Netflix's intent to tap into the lucrative sports entertainment market without bearing the exorbitant costs associated with traditional sports rights. By acquiring WWE's flagship program, "Raw," Netflix aims to leverage the inherent stickiness of sports content while aligning with its ethos of entertainment-centric programming. Conclusion: As Netflix ( NASDAQ:NFLX ) prepares to unveil its earnings report, the spotlight shines on its ability to innovate and adapt in a rapidly evolving landscape. While challenges loom, from plateauing subscriber growth to intensifying competition, Netflix's strategic diversification and unwavering commitment to content position it as a formidable force in the streaming industry. By embracing change, seizing opportunities, and staying true to its vision, Netflix ( NASDAQ:NFLX ) charts a course towards sustained growth and continued relevance in the ever-expanding world of streaming.
NASDAQ:NFLX
by DEXWireNews
Netflix Q124 earnings preview – subscribing to volatility Release time – Thursday on the market close (6 am AEST / 9 pm UK time) Netflix is one of the preeminent trading stocks - where we often see big movement, a high propensity to trend and sizeable intraday high-low daily ranges that can appeal to the day traders. With Q124 earnings due on Thursday and the possibility of another sizeable price catalyst, Netflix is a stock that should be on the radar. Netflix is already something of a market darling, where the share price has significantly outperformed the S&P500 by 19.6 percentage points over the last 3 months and by some 51.7 percentage points over six months. Going into this earnings release, with price having recently traded to a multi-year high of $639, we now see consolidation with price tracking a range of $639 to $600, and importantly holding above the 50-day MA ($601.12), which has been a solid trend filter since October. We can see the Bollinger Bands tightening up into Q1 earnings as price moves remain contained to the 20-day MA, and traders refrain from taking risks until the facts are known. A daily close above/below the bands and/or the recent trading range could be meaningful and could suggest a higher probability that we see a trend develop, which could be a compelling hunting ground for more momentum-styled traders. Earnings pedigree Netflix does have a strong pedigree at earnings, having beaten consensus expectations in 7 of the past 8 quarterly earnings reports. Many will also recall the Q423 earnings report where NFLX added 13.1m paid streaming subscribers, a number well above expectations and subsequently, the shares rallied strongly. NFLX has a history of pronounced movement on earnings, with double-digit percentage moves in the prior 2 reporting quarters (on the day of earnings) and taking the period out the absolute move has averaged -/+ 12.8%. Being able to capture that movement in the post-market session is important for traders, and despite a potentially fast-moving market, there should be ample liquidity. By way of expectations of price movement for this earnings report, we can look at the options market and asses the implied move on the day of earnings, which now currently stands at -/+ 8.1%. This level of implied volatility speaks to the view that we could easily see movement in the share price once the earnings and guidance are known and could offer opportunity, but it is also a risk that those with existing positions may need to manage. What to watch this time around? For CFD traders going through the finer details of cash flow, subscribers’ numbers and sales growth seems a tough proposition. This is why most will let the market tell them how they feel about the shape of the business, and dynamically react to the ensuing price action. However, by way of a kicker, the likely overriding driver will be quarterly subscriber adds and any guidance for Q224 subscribers. The consensus (from investment bank analysts) is for 4.77m net subscriber adds in Q1, with 3.7m pencilled in Q2. The view on the street is this is a low-ball call – which won’t surprise given NFLX have beaten consensus expectations for sub growth for three quarters in a row - and investors are positioned for a number closer to 7m, even 8m. On headline Q1 earnings estimates, the consensus view is we for: Earnings per share (EPS) - $4.54 (Q224 estimates $4.55) Revenue - $9.264b (Q224 estimates $9.50b) Free cash flow - $1.89b (Q224 estimates $1.50b) There will be a focus on the crackdown on password sharing and how that is impacting earnings, competition, ad-supported tier, and commentary on unique programming. The consensus 12-month price target for NFLX is $626, so I question if there is scope for a solid earnings re-rating, which could see these targets revised higher. That said, price targets are largely irrelevant for traders, and price will react far quicker than any analyst can change their models. The market will let us know about the earnings and the operating environment and the price could see some outsized moves – one to put on the radar.
NASDAQ:NFLX
by Pepperstone
NFLX set up for a dip buy before the next earnings LONGNFLX has added 20% to price in the two months since the last earnings which were decent but not remarkable. The 2H chart shows a dip of about $20 per share coincident with a fall from the second upper VWAP line to support from the first upper VWAP line. The zero lag MACD shows line rising over the horizontal zero level in perhaps a sign of bullish divergence. The lines are now over the low amplitude histogram. I will take a long trade here targeting $650. Recent news is the CEO sold 20,000 shares out of the 12,000,000 that he has control of. Nothing unusual there. His friends and others ( myself included) may be buying the dip.
NASDAQ:NFLXLong
by AwesomeAvani
Netflix : Is a Major Market Correction coming? 📉Following our last analysis, Netflix has precisely achieved the forecasted targets, with the wave ((iii)) extending to 227 to 261%. This suggests that a correction towards wave ((iv)) might be imminent, expected to range between 38% and 61.8%, thus laying the groundwork for a wave 5 and the culmination of a significant cycle in the form of a potential wave (2). A closer examination of the daily chart reinforces our primary scenario: the completion of Wave II at the low of $162.80. We are currently in the process of developing Wave (1), followed by Wave (2), and so forth. In our alternative scenario, we consider the possibility of a Regular Flat, especially when analyzing the complex correction currently unfolding. This might indicate that rather than concluding Wave (2) at $162.80, it was actually Wave (A), and we are now witnessing Wave (B) achieving exactly 100% of Wave I. Such alignment could signal a 5-wave decline towards a double bottom, marking a significant correction of 70%. While such a correction would be substantial, it is essential to explore all scenarios to be prepared for any market developments. Despite the potential for a significant pullback, our underlying outlook remains optimistic, expecting a continued upward momentum for Netflix.
NASDAQ:NFLX
by stromm_by_wmc
Can ROKU run before earnings? LONGROKU on a daily chart is sitting on support in consolidation since the trend down after the last earnings report. In three weeks there will be another report. The prior report showed negative earnings but it did beat the estimates while revenues were a mild surprise. I expect ROKU has done some belt trimming to try to get expenses decreased while growing revenues. My long trade here is from thin support but targets the Fibonacci level of a retracement back to recent high pivots. The target is 80 representing 30% upside. A stop loss will be initially set at 61 but then raised 3.5% every time price rises 3% to gradually tighten it. I will take a good part of the hopeful profits off the table a few days before the upcoming report.
NASDAQ:ROKULong
by AwesomeAvani
2
Opening: NFLX 435/445/545/555 Iron Condor... for a 3.45 credit. Comments: Earnings play with the announcement today after close. 3.45 credit on buying power of 6.55; 52.6% ROC at max; 26.3% at 50% max. I'm basically looking for two things here: (1) IV contraction post-earnings; and (2) price to stay within the expected move, which the options market is pricing in to be about +/- 43 handles from current price (i.e., 448 to the downside, 534 to the up). And ... we'll see how that goes.
NASDAQ:NFLX
by NaughtyPines
NETFLIX Last pull-back possible before $750Netflix (NFLX) has been trading within a long-term Channel Up on the logarithmic scale for the past 20 months. The trend is very aggressive to the upside and since the first Bullish Leg made a Higher High on February 03 2022 on a +130.30% rise, we do expect a similar % rally that would technically target a little below $800, so aiming at $750 would be a fair price. Until then however, the Channel Up structure suggests that the stock has entered the Volatility Phase which during the previous Bullish Leg took place right before the Peak. As a result, a last pull-back towards the 1D MA50 (blue trend-line) would also be fair. Technically it could seek the -0.236 Fibonacci extension ($550) from the Take-off Phase's High. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:NFLX
by TradingShot
Aroon Indicator: Identifying Trends and MomentumAroon Indicator: Identifying Trends and Momentum The Aroon indicator is one of several technical analysis indicators that traders use to identify the direction of trends and establish when they are set to reverse. In this FXOpen article, we describe how to use the Aroon indicator to buy and sell stocks as well as other assets and explain why traders use it in combination with other technical analysis tools to help direct your trading strategies. What Is the Aroon Indicator? The Aroon indicator was created in 1995 by Tushar Chande, a technical analyst who has created several popular trading indicators. It features dual lines: The "Aroon Up" denotes the strength of an uptrend, while the "Aroon Down" measures the strength of a decline. Is the Aroon indicator leading or lagging? It is lagging as it measures how much time has passed between market highs and lows over a given period, based on the idea that assets in a strong bullish trend will regularly record new highs, while those in decline will regularly trade at new lows. Traders utilise this to determine if an asset is trending, trading within a range, or starting a new trend. It helps them to gauge the strength of the movement and anticipate when prices will change direction. Aroon Indicator Formula Explained The Aroon indicator formula comprises two separate calculations. The formula for the Aroon Up line = x 100%. The formula for the Aroon Down line = x 100%. The Aroon indicator is explained as a tool to evaluate the highest and lowest values within a specified timeframe. If the highest value occurs in the current candlestick, the up value is set to 100, indicating a new peak. If not, it returns a percentage value indicating the time elapsed since the last peak. Conversely, if the lowest value occurs in the current bar, the down value is 100, indicating a new low. It otherwise returns a percentage value that shows the time since the last low within the timeframe. Best Setting for the Aroon Indicator Using a short timeframe often makes it difficult to interpret this indicator. Chande recommends the best setting for the calculation is to measure prices over 25 periods, tracking when the last top and bottom occurred. The TickTrader platform does this for you, displaying the Aroon Up and Aroon Down indicators below the price data on a chart. The two lines range between 0 and 100. When measuring 25-day periods, a number above 50 indicates that the high or low was hit within the last 12.5 days, while numbers below 50 show that the high or low was seen within the previous 12.5 days. Below, we look at how to read the Aroon indicator. How to Implement the Aroon Indicator Into Your Strategy There are four main ways you might utilise an Aroon indicator on a chart to analyse price action. The results are relatively easy to interpret. Identify Prevailing Trends The most common way to use it is to determine the direction of the market. If Aroon Up is above the 50 level and the Aroon Down below 50, the trend is bullish, and it is more likely that the market will surge to new highs than lows. You could take this as a signal to enter or hold a long position. Conversely, if the down value is above 50 and the up value is below 50, as on the chart below, the trend is bearish, and you could opt to go short. Identify Potential Trend Changes Crossovers of the two lines often indicate that the market is changing direction. When Aroon Up crosses above Aroon Down, the market may be starting a new bullish trend. It is considered to be underway when the Aroon Up line reaches 100 and is confirmed if it remains between 70 and 100, with the Aroon Down between 0 and 30. A bearish turn could be emerging if Aroon Down crosses over the Aroon Up line and reaches 100. If it remains between 70 and 100 while the Aroon Up holds between 0 and 30, the bearish move is confirmed. You could utilise this as a signal to go long once the Aroon Up crosses above the Aroon Down and go short once the Aroon Down crosses above the Aroon Up. Note that sometimes the lines will break above 50 before crossing over each other. Assess Trend Strength Values between 70 and 100 not only confirm a trend is underway but also point to its strength. The closer to 100 the reading, the stronger the trend. Values closer to zero indicate that the momentum is weak. Understanding the strength of the move can help you decide whether to enter, exit or remain in a position. Identify Consolidation Periods The lines moving in parallel suggest that the market is consolidating within a range, as shown in the chart below. If both are below 50, no new highs or new lows have been set in the last 12.5 periods. Traders can take the opportunity to monitor the market and look for the next crossover in the Aroon Up and Down indicator lines to signal in which direction the asset will move to break out of the range. How to Combine Aroon with Other Indicators As technical indicators sometimes provide false signals, traders try to combine multiple analytical tools to confirm trends, reversals, and momentum before taking a position. Here’s how to use the Aroon Up and Down indicator with various other tools to help direct your trading. Moving Averages When a moving average points to an upward movement alongside the Aroon lines, it might be a bullish signal to enter a long trade. And when both tools are bearish, you could choose to go short. The death cross – a short-term moving average falling below its longer-term moving average, signalling a decline in a price – and the golden cross, in reverse, may be combined with Aroon crossovers to identify changes in direction. You might opt to check higher timeframes for the Aroon chart to filter out noise. Relative Strength Index (RSI) Combining Aroon Up and Aroon Down with the RSI often provides a strong indication of a reversal. The RSI and spikes in the Aroon help you to identify overbought or oversold conditions. When the RSI is in an overbought or oversold zone, and the Aroon moves above 50, it may provide a potential entry point for a trade. Donchian Channels The Donchian Channels identify potential breakouts and reversals, and you can refer to the Aroon lines plus the 100-period moving average for confirmation. If the price rises within the upper Donchian channel above the 100-period moving average with the Aroon pointing to a strong uptrend, you could take a long position, whereas confirmation of a downtrend could prompt you to go short. Parabolic SAR If the Parabolic SAR indicates that the market has bottomed, suggesting a buy trade, you could check the Aroon to confirm that the price has reached the reversal stage into an uptrend. You could initiate a long position with a stop loss placed below the first Parabolic SAR dot or using Fibonacci intervals. Conversely, if the Aroon suggests the asset could reverse into a decline, you could confirm the signal with the Parabolic SAR to initiate a short trade. Aroon Indicator: Advantages and Disadvantages There are several advantages to using the indicator, including that: It’s simple to read, making it easy to analyse and suitable for beginners It effectively signals changes in direction It provides valuable insights when used in conjunction with other technical indicators It allows the use of customisable time periods to fit your needs While it is useful, there are also disadvantages, including: As a lagging indicator, it misses out on trading opportunities at the start of a trend It measures the time between new highs or new lows but not how much the price has changed Sometimes, it provides false signals in choppy markets as the rapid price changes cause it to whipsaw Sometimes, it gives late signals when the asset has already moved and is preparing to retrace, especially when you apply the Aroon indicator without other indicators Conclusion The Aroon technical indicator is a simple-to-use technical indicator comprising two lines that help you to determine the direction and strength of asset price trends. It is most effective when used on charts in conjunction with other technical indicators and patterns to provide confirmation before taking a position. You can open an FXOpen account to practise using the Aroon indicator and other tools of technical analysis. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
NASDAQ:NFLXEducation
by FXOpen
2
ROKU- Bearish Divergence gives guidance LONGROKU sold off after okay not great earnings- obviously a large number of market participants took their money off the table and moved it elsewhere. There was a typical or excessive price run-up in the pre-earnings period. This chart set in a 15-minute time frame as well as 15 minute time frame on the RSI laid onto the main chart shows bullish divergence which otherwise might be subtle. It is the key to the trade entry. It is saying get on the train before it leaves the station. Chasing the train is a futile endeavor fraught with failure and frustration. ( Yes, the hot tip is boldfaced for emphasis) Price is sideways at this time. The relative volume indicator shows a huge 4X surge in volumes at the consolidated bottom verifying it as such. This is Wychoff's theory in action for sure. I am now part of that volume. I am an avid bottom buyer like many others. I take great pains to analyse for the bottom, unlike some others who run on gut or sentiment. I hope you find this analysis helpful. If you do, please give me a thumbs up. Once you have, feel free to ask as to the specifics of my trading plan now implimented.
NASDAQ:ROKULong
by AwesomeAvani
2
ROKU runs to Earnings ROKU on the 15- minute chart with an overlaid volume profile and anchored VWAP bands demonstrates a high volume area breakout on Tuesday last week having passed through the entire high volume area bottom to top the previous 24 hours. On those days it had a burst of volume. The volume is constant and consistent. Earnings are in two days. More volume spiking has been seen in the last trading session. I see this as an excellent long trade setup as a swing trade for the rest of the week into next if the earnings are better than they were last November
NASDAQ:ROKULong
by AwesomeAvani
Post Earnings Continuation to 585This idea is an update to my original idea "Earnings Pop to 520" (see link). NFLX needs to make a sustained break above 569 to initiate the next move higher to 585 (minimum target). Once we get this break it will take the following path - expected path is the black arrow: - Run to 585 (by 2/2/2024 earliest, 2/9/2024 latest) - Pullback to test 577 for support - Then at least one more leg higher to 600-620 ( point target = 610 by 2/16/2024) The green funnel represents buying pressure that will drive this higher. The most important channel is the dashed deep purple/blue boundaries w/ solid blue center - this is the demand zone that it will respect during the markup. ----------------------------------------------------------------------------------------------------------- Bigger picture: If you go back to Jan. 2022, there is a gap down from 563.36 - 566.88. The earnings pop filled this gap and we are currently establishing support in that range. Confluence at the 585 level as an initial target: - 0.786 retracement of the ATH (700.99) back in Nov 2021 = 585.80 - larger degree activate markup level at 585, this will act as another bullish driver to send this higher to 610 after 585 is tested - Equilibrium levels where supply = demand at (2/2/2024, 583) and (2/5/2024, 584) ** Stop loss is a sustained break below 556. It can trade below that intraday, but if it closes below 556 on 2 consecutive days it will assume risk of dropping lower to test 537 Good Luck bears, bulls still have this. ~Jerrymandering 101
NASDAQ:NFLXLong
by JerryManders
18