Netflix head and shoulders!A premature bearish pattern is forming, risky to get short now but reward would be large. Good luck!
NFLX trade ideas
NFLX bullish trend at 1 Hours chartas per my analysis bullish candlestick pattern is completed at 1 hour time frame and can be a good buy entry at this level.
Netflix dumps and pumps after earningsYesterday, after the market close, Netflix reported its earnings for the 1st quarter of 2023. The tech giant missed analysts’ expectations, resulting in a quick and sharp selloff of nearly 12%. However, this move lasted only three minutes before the price started reversing to the upside. Within the next hour, shares erased all of their early losses.
The company posted $1.305 billion in net income, showing a decline of 18.3% YoY (in 4Q22, Netflix reported a net income of only $55.284 million). Revenue stood at $8.161 billion, up approximately 3.7% YoY and 4% QoQ. Operating income fell by 13% YoY. In addition to that, the average paid memberships rose by 4% YoY, with the company reaching 232.50 million global streaming paid memberships.
In 1Q23, Netflix launched paid sharing in four countries, and in the second quarter of 2023, the company plans to expand this service into more countries, including the USA. Furthermore, Netflix seeks to improve its revenue from advertisements and currency operations. For 2Q23, Netflix forecasts revenue of $8.2 billion, representing a 3% increase YoY. The company also expects to return $1.6 billion in operating income for the same period. Netflix shares are up approximately 105% since their low in May 2022 and about 16.5% year-to-date.
Other important information
The company’s operating income declined for four consecutive months in 2022 - 1.972$ billion in 1Q22, 1.578$ billion in 2Q22, 1.533$ billion in 3Q22, and 550$ million in 4Q22. The same applies to the net income in 2022 - 1.597$ in 1Q22, 1.441$ billion in 2Q22, 1.398$ billion in 3Q22, and 55$ million in 4Q22. In the first quarter of 2023, Netflix saw a significant rebound in both of these metrics.
Illustration 1.01
Illustration 1.01 portrays the 1-minute chart of Netflix stock. The yellow arrow indicates market close, which coincided with the release of the company’s financial results. Within the first three minutes following the announcement, shares dropped nearly 12% before erasing all losses.
Illustration 1.02
Illustration 1.02 displays the daily chart of Netflix stock. Yellow arrows indicate previous earnings, which were accompanied by a similar negative reaction in the price of shares.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
NFLX earnings. IV crush game plan8.7% implied move on earnings and sitting flat in AH. Both calls and puts will be smoked tomorrow. I’m going to try and capture the opening move with light size. Risky but the cons can move over 100% in seconds. Watching the key levels outlined in the chart.
I think NFLX is a sell NFLX although beating estimates, I feel like a short term sell off is about to happen. I have been analyzing earnings and from my analysis, I’ll be shorting NFLX for awhile here
$NFLX - At cross roads#NFLX is at cross roads. MACD is about to do bearish crossing and price is sitting on 20 DMA midway Bollinger band. Overhead resistance is $376.00 and support is $300.00. Very strong support at $250.00.
It could consolidate between $376.00 and $300 area for a while.
NFLX a name we all knowHere is a name we all know and a previous leader NASDAQ:NFLX
Had a 75% drop from its highs. Trying to get back into stage 2.
Volume pattern looks healthy.
More of a watch item for me that actually trading it.
Curious to see how this base develops.
Nflx bullflag?Nice bullflag forming here before earnings.
Weekly chart looks like an ascending triangle forming
If this bullflag plays out, we'll see 370 here and a pullback in may.May.
Of course with it being earnings anything can go and if things go south , this bullflag will turn into a double top
So what will it be , 308 or 370?
10% move either way
NFLX struggling with resistance zone from late 2022 🔭broke my short trigger of 320 then hit 280, shortly after posted update saying break back above 300 will lead to more bullish price action.
Since last update we did 300-328, so i think its time for some new long and short triggers? I will update very soon..
Netflix Bearish Distribution occurring going in to earnings. Inverse Cup & Handle (1 could make a case for a head & shoulders).
~290 neckline.
369 conservative top of the cup.
369-290 = 70 .
290-70 = 220 IC&H target.
No position. I do not recommend gambling on an earnings direction as this stock is highly volatile. This is strictly an exercise in charting. Earnings could either immediately invalidate this structure with a massive gap-up over the high of the handle or accelerate its validation with a miss or poor outlook.
NFLX - Long idea into ER - targeting 375 - 385 area50 SMA held today(4/17). Bounce on 50 with a implied move of 27 to 30 puts us into 360 area.
NFLX bullish pennant NFLX run in Bullish pennant.
Hold above 330$ NFLX will spike up to 350-355$.
Otherwise, if it is below 330$ will drop to 310$/290$.
Earning coming up after market Apr-18.
Short term buy setupOn my previous post I shared my long term bearish outlook for this stock. Here's a buy setup/opportunity for day traders.
Netflix Bear SetupThe stock is trading in what seems to be c-wave ending diagonal. We have Earnings coming up this Tuesday and price is consolidating in anticipation for that. Technically price is building up b-wave of the yellow "e". The break of the bd line will be a confirmation of sells and 285.96 will confirm that the bearish run is back.
NFLX AnalysisPrice consolidated since my last analysis. Price has built buy-side liquidity and is unable to push lower. I'm expecting price to take out the buy-side liquidity before continuing lower. However, do also note that Q4 earnings will be released on 18 Apr which could also be the reason for the consolidation right now.
Shorting Netflix: A Technical Trade Based on Elliott Wave TheoryIn this technical analysis trade, we are considering a short position on Netflix (NFLX) as the stock is currently trading at $345.50. Our analysis shows that the price has reached the B point of an Elliott Wave pattern, which typically precedes a corrective wave. Elliott Wave Theory suggests that financial markets move in repetitive patterns called waves, with five impulse waves moving in the direction of the primary trend, followed by three corrective waves against the trend. In our case, we have identified a completed impulse wave and expect a corrective wave to unfold, potentially driving the stock price down to $260.
Moreover, the pivot point is providing strong resistance, adding weight to our bearish outlook. Pivot points are calculated using the high, low, and closing prices of a security from the previous trading session, and they can serve as potential support and resistance levels. In this instance, the pivot point resistance is preventing the stock from moving higher, increasing the likelihood of a reversal.
This trade idea is based on technical indicators and should be approached with risk management strategies in place. Keep in mind that past performance does not guarantee future results, and trading carries inherent risks.
NFLX: Buy ideaOn NFLX as you see on the chart we have a buy idea because we have the breakout of vwap with force by a big green candle with a large green volume.Thanks!
NFLX bearish pennant #NFLX rejected trendline @341-342$ second time. #NFLX may test back 332$. Below 332 will see 325-323$
NFLXHas a gap at 350.76 that I think it will close.
Breaking out of a falling wedge pattern premarket .
Macro cycle a cycle b micro d Netflix near future. These are my thoughts on Netflix and how I think it will move in the near future. The chart has been simplified a lot for beginners.
