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 !!
Nflxlong
NETFLIX, scenarios and targets Fundamentally :
After the quarantine ended, people went out of their homes and Netflix became less in demand in the entertainment industry.
But what if people get used to life without Netflix?
Netflix needs serious solutions like new, good and exclusive business to get its users back
Technically :
price can pump from this level (255; 210) to 350 and maybe till 445
the down scenario the next support will be at 130 per share
NFLX bearish fade on 1/21This will be a slam dunk trade. NFLX bearish fade on the market open for 1/21. It's been sold off for several weeks now, and it's looking to drop 20% (as of right now) after earnings. It looks to be gapping down to a long term support area. Easy buy for a day trade higher, but be careful of the rollover selling later. I'd get in early for the move, and close once there is any hint of stopping. I'll be looking to sell puts. But I wouldn't look to hold on past half a day.
NFLX: Setting the Stage for Big Tech and Growth Earnings on Thursday and the first big tech name to report (as always).
Over 527 can give you a trade, but I think they want to take this thing down to the 500 mark in to earnings. I will spec buy at 3:58pm on Thursday (eastern time) the $510c if she is red and trading around $500.
NFLX bullish divergenceThere is a bulliish divergence forming on the daily chart of NFLX. A higher low on the price chart and a loer low on the RSI. The resistance is at 626-633. When the price goes above 633 dollars, it is more likely to go up then down. And we might have a trend flip when we go above the 50 EMA.
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.
NETFLIX(NFLX) FUTURE PREDICTIONTechnical Analysis Summary (POLKADOT)
NTFX/USDT
TREND ANALYSIS
We have 3 upwardtrend which is currently active in green.
The wider the trend the longer it is respected.
FUTURE PREDICTIONS
We have to keep respecting and holding new weekly levels and maintaning the trend to keep moving upward.
ALL THE GREEN SUPPORT LEVELS SHOW HOW NETFLEX KEPT LADDERING AND RESPECTING NEW AND HIGHER WEEKLY LEVELS AND CREATING TIGHTER TRENDS.
Good luck everyone, stay safe!
If you need help don't hesitate to send me a message or comment
Trading Involves High Risk
Not Financial Advice
Exercise Proper Risk Management
$NFLX Follow up - Going according to plan so farNetflix seems to be following my previous prediction after bear trapping a lot of people out of their positions. With a break above the supply zone and double confirmation from RSI and MACD, we can expect to continue seeing growth from Netflix tomorrow and next week.
Happy Trading Everyone!
Stefan
$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 :)
_________________________________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.