Get started
NETFLIX INCNETFLIX INCNETFLIX INC

NETFLIX INC

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Forecast Seasonals Bonds

NFLX trade ideas

Netflix (NFLX) Looking for Double CorrectionNetflix (NFLX) decline from 7.20.2023 high is unfolding as a double three Elliott Wave structure. Down from 7.20.2023 high, wave (A) ended at 411.88 and rally in wave (B) ended at 445.25. Wave (C) lower ended at 398.15 which completed wave ((W)). Rally in wave ((X)) ended at 453.53 with internal subdivision as a zigzag strcuture. Up from wave ((W)), wave (A) ended at 437.02 and pullback in wave (B) ended at 404.50. Wave (C) lower took the form of a 5 waves impulse which ended at 453.53 as the 30 minutes chart below shows. This completed wave ((X)) in higher degree. The stock then turned lower in wave ((Y)). Down from wave ((X)), wave 1 ended at 436.7 and rally in wave 2 ended at 449.89. Internal subdivision of wave 2 unfolded as a zigzag. Up from wave 1, wave ((a)) ended at 446.81, pullback in wave ((b)) ended at 438.85 and wave ((c)) higher ended at 449.88 which completed wave 2. Down from wave 2, wave ((i)) ended at 429.17 and wave ((ii)) ended at 437.59. Wave ((iii)) ended at 414.81 and wave ((iv)) ended at 421.55. Expect the stock to extend lower in wave ((v)) which should complete wave 3. Afterwards, it should rally in wave 4 before another leg lower to end wave 5 of (A). Near term, as far as pivot at 453.53 high stays intact, expect rally to fail in 3, 7, or 11 swing for further downside.
NASDAQ:NFLX
by Elliottwave-Forecast
NFLX Entry, Volume, Target, StopEntry: with price above 448.66 Volume: with volume greater than 7.1M Target: 510.38 area Stop: Depending on your risk tolerance; Based on an entry of 448.66, 428.10 gets you 3/1 Reward to Risk Ratio. This swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
NASDAQ:NFLXLong
by tradepatiently
5
NFLX, Breakout Of The Triangle, Aiming For Targets In The Range!Hello Traders Investors And Community, welcome to this important analysis about the current price-action situation within NFLX, it is clearly one of the profiteers of the corona-crisis as people staying at home in the lock-down and watching netflix-series. It is a good thing to relax especially in the current crisis where there is so much time left on the hand and nothing to do. So anyway this should not be a recommendation from my side but it is a growing economic field in the current crisis which shouldn't be ignored similar to the retail business like amazon or alibaba. On the technical side, I discovered some important bullish signs which made it clear that NFLX will develop some more moves to the upside, as it is at an all-time-high-level we are looking at the weekly perspective. As you can see marked in my chart with the blue lines netflix just broke out a major ascending triangle which you can see marked with the blue lines in my chart. Netflix saw some good volume which confirmed the overall breakout and activated the target at the 580 level marked in green. This is the overall triangle target we have in the structure and it will also be the new all-time-high. To confirm it regularly we need to confirm the upper boundary of the ascending triangle, in this range we also have support from the 50-EMA, therefore, it is building a coherent bearish confluence-cluster in this range which you can see marked with the orange box in this level. After the triangle target has been reached which is highly possible at the moment we need to see how NFLX develops further and if we can manage to climb above the triangle target and continue with its established uptrend. When we get some serious bearish pressure signs in that level it will be a interesting consideration to open up a short in this area otherwise the overall shape in trend is still in the direction upwards. The confirmation of the triangle can be used as a good conservative entry point to aim for the overall triangle target, otherwise the more conservative approach will be after we formed another high with good volatility after the triangle confirmed. This price-movement in NFLX which we see here is anticyclical to the vast rest of the market because we established already an all-time-high in NFLX here. As I pointed out already in recent analysis there are gainers and losers in the current crisis and when considering something on the long-side we need to search to the truffles and hidden guesses we have in the market. It makes no sense to buy something which is cyclical with the market and don't profits from the current crisis like airlines which one of the smartest investors, warren buffet just sold recently. Therefore we should not fall for the illogical speculative approach like many people these days and look for stocks with a solid fundamental and technical base like NFLX in this case. Thanks for watching everybody, support for more market insight and all the best! Information provided is only educational and should not be used to take action in the markets.
NASDAQ:NFLX
by VincePrince
7
Netflix Weekly Support Convergence Test so far so goodHi guys. This is a MACRO Technical Analysis on Netflix (NFLX) on the 1 Week TImeframe. This week we have TESTED Support on the 21 EMA and the Support trendline of the UPTREND channel. Netflix is heavily supported not only by these 2 mentioned SUPPORT lines but also a 3rd Support, the black horizontal support line as well. Everytime we've touched the Support line of the Channel, we've bounced to the Top of the Channel. EXCEPT our most recent touch, that took us only half way before printing a Topping Tail Candle and selling off. Watch how we close this weeks candle. If we close around or above $428. That would be the best case scenario, as that would indicate an Engulfing Bullish Candle. This could invalidate the Topping Tail Bearish Momentum. BUT for now we need to watch what happens. Keep in mind that the Topping Tails can cause further price DECLINES. AND we absolutely don't want a UPPER WICK for our current weekly candle. This would imply selling pressure and may indicate continuation of the TOPPING TAIL. Watch also the VOLUME -> From here we should see increasing volume and or SPIKE in volume so price can continue up the channel. For whatever reason if we BREAK DOWN from this SUPPORT CONVERGENCE area, the next level would be the 50 SMA. Also NOTE, along with Topping Tail Candle, indicators are showing BEARish signs. MACD has crossed BEARISH RSI Broke BELOW Support Trendline. For us to continue our UPTREND MACD needs to CROSS BUllish and print green bars RSI cannot print below the Horizontal Black line, as that would indicate a Lower low. And Ideally, get back above the Support Trendline and or continue UP. __________________________________________________________________________________ Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. Stay tuned for more updates on NFLX in the near future. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
NASDAQ:NFLX
by SafofAllTrades
2
Netflix Identifies ResistanceWe have been watching this stock for a while during my weekly Livestreams (Fridays 4pm EST UTC-4). Last Friday, we noted that NASDAQ:NFLX has pulled back up to retest the 50% of the July Weekly Spike price action. This is happening following a long bullish recovery trend up to the MAJOR Weekly 50% Retracement Resistance of the November 2021-May 2022 bear trend. The price action has defined itself clearly with the July high. The risk and wrong occurs with a breach of the July high. With this in mind we can define a high risk/reward trade to at least a 3 to 1 down to 257 and possibly beyond to retest the major low from 2022. Implied Volatility is below average which is good for options. However, this is NOT a trade that can be effectively expressed with low duration expiries even though it might be tempting due to the high cost of the stock. To express this trade one must go well into 2024 expirations or short shares.
NASDAQ:NFLX
by norok
4
NFLX engaged in long short competition NFLX engaged in long short competition This chart shows the weekly candle chart of Netflix stock in the past two years. The graph overlays the bottom to top golden section of May 2022. As shown in the figure, Netflix's stock hit the strong pressure of 3.618 positions at the bottom of the chart against the golden section in mid July this year, and then fell back. In the past six weeks, it has been engaged in long short competition between the 2.618 and 3.000 positions at the bottom of the chart against the golden section! For a period of time in the future, just use the 2.618 level of the golden section at the bottom of the graph to determine the strength of the Naifei stock's long short divide!
NASDAQ:NFLX
by Think_More
NFLX offers 15% - 20% ROI near termNetflix Inc. (NFLX) presently approaching meaningful support, able to contain weekly perhaps monthly selling pressures. From here, (NFLX) can continue higher to notable resistance, eliciting gains of 15% over the following 1 - 2 months, and gains of 20 - 30% over the following 6 - 8 months. Inversely, closing below support on a weekly basis would put (NFLX) into a sell signal where losses of 20% would be expected over the following 2 - 3 months.
NASDAQ:NFLX
by SpecialeAnalysis
$NFLX Head and Shoulders Pattern (H&S)?Back on July 31st I published an idea that NASDAQ:NFLX may be breaking out. Well, it did for just a bit but that failed. Fast forward to today, 8/21/2023 and it looks to me that we “may” have an H&S Pattern with a clear neckline as I see it. It dropped below that line last Thursday and looks to be ready to test it from the underside. If it can get up, over and hold above that line the pattern would be negated. A lot depends on market direction. My bet this time is that it will test and fall back. I have an alert set on that line and I’ll be ready to short if it fails. It is also below all shorter-term moving averages, bearish. All TBD. Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
NASDAQ:NFLXShort
by jaxdog
Has Netflix Already Bottomed?Netflix has pulled back after a sharp rally, and now some trend followers may see potential for further gains. The first pattern on today’s chart is the steady decline since earnings on July 19. That slide could be morphing into a successful A-B-C correction pattern. Next, the second low (C) occurred near $400. That’s not only a “nice round number” where buyers may feel comfortable. It also represents a 50 percent retracement of the move from early May through mid-July. Traders may watch for the streaming giant to hold roughly $400 (or make a slightly higher low) over the remainder of the summer lull. If it successfully does that, bulls could return heading into the next quarterly report on October. 13. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
NASDAQ:NFLX
by TradeStation