NFLX showing weakness poised for a sell offNFLX rally is coming to an end it seems with a clear break below its upward support line and holding below.
Breaks below back in Sept 11, then quickly reverses back up.
Recently breaks below again, tries to regain but fails to get above support level.
Stock is now the support level into its resistance level
RSI breaks below its 50 level and over the past few days
MACD falls into bearish territory
NFLX rally since the August sell off looks to be coming to an end. It is expected that October will bring volatility into the market.
NFLX trade ideas
NFLX Go Back 20 years for your answers TODAY!!! Long term VisionNot financial advice.
I give a long term view here on Netflix where im seeing lots of similarites and how we may be repeating a blowoff top here. That could be coming up shortly.
Its an informative video that i do believe puts it into perspective of what we may be looking at as we move forward.
NetflixNetflix witnessed a strong rebound after forming a new higher low at 660.80$, violating the last peak 711.33$ in yesterday's session. and the confirmation of this breakout by remaining above 711.33$, will confirm the current uptrend, triggering further rises near 743 - 770 - 800 - 840 in the short term.
The stop-loss lies below 688$.
the indicators are heading toward the positive side, which confirms the mentioned positive scenario.
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Top 5 Weekly Trade Ideas #3 | NFLX Bull FlagThird bull flag in a row, they're everywhere right now. This one is a little different than RKT and Silver IMO because it's a tech stock. I'm not convinced tech is going to be bullish after this week, but if NFLX breaks out of this bull flag and makes a new ATH I'd have to expect more upside after.
This started developing during the first week of August so it may take some time to hit the final target, but it'll be a blue sky setup. I'd be targeting 800, which is near the flag pole length from the breakout point and is a psychological whole number.
NFLX ( Netflix ) SELL TF M15 TP = 631.71On the M15 chart the trend started on Aug. 20 (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 631.71
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelievelnTrading
Bearish Outlook: Targeting 640.36 and 616.11 on NFLX Trading Idea for NFLX (Netflix, Inc.)
Based on the 4-hour chart, Netflix appears to be experiencing a downside momentum. The price has been consistently testing lower levels and is currently trading below the short-term moving averages. The key support levels to watch are the Previous Month Mid of 640.36 and the Previous Quarter Mid of 616.11.
Path of Least Resistance
The path of least resistance currently appears to be towards the 640.36 level, followed by a possible further drop to the 616.11 level. This aligns with the support levels indicated by the previous month's and quarter's midpoints.
Key Levels
Resistance Levels:
Previous Quarter High at 690.22
Previous Month High at 711.22
Support Levels:
Previous Month Mid at 640.36
Previous Quarter Mid at 616.11
Previous Month Low at 569.50
Indicators
The price is currently below significant moving averages, adding to the bearish sentiment.
If the price breaks below 663.05, it could signal further downside towards 640.36 and potentially 616.11.
A potential short setup could be considered with a stop above 690 and targeting the mid-level supports.
Trade Idea
Short Position: Enter short below 663 targeting 640.36 first, with a further target at 616.11 if bearish momentum continues.
Stop Loss: Place a stop above 674-690 to manage risk in case of a reversal.
Conclusion:
The chart suggests a bearish outlook with possible moves toward the mid-level supports. The trend direction and pivot signals further support the idea of selling rallies or breakdowns from the current levels. However, caution is advised around the 640.36 level, where the price could consolidate or reverse.
NETFLIX starting the 2nd bullish leg of its expansion phase.Netflix (NFLX) has been consolidating above the 1D MA50 (blue trend-line) since the August 20 High and is on the exact same level where during all previous Bullish Legs of the 2-year Channel Up, it ended the consolidation and moved to the 2nd rally of the expansion phase.
This is also evident on the 1D RSI, which is about to start a Channel Down that in previous Legs it moved parallel with the price's 2nd rally. Our Target is $900.00 representing a +70.48% rise from April's low, which is the smallest rally recorded within the 2-year Channel Up, thus the more realistic target.
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Netflix Attempts Historic BreakoutNetflix recovered quickly from its August lows, and now some traders may see potential for a rally to new highs.
The first pattern on today’s chart is the July 17 peak of $678.97. Notice how the streaming-video stock crossed and held that level last week. Has old resistance become new support?
Second, the July 17 candle followed a mixed quarterly report. The stock tried to rally that morning before sellers managed to drive it lower. Getting back above that day may suggest that investors are focused on positive aspects of the report.
Third, MACD was falling at the time, which may additionally explain why the bulls failed. However, the oscillator is now rising. Prices are also above their 8-day exponential moving average. Those signals may reflect bullishness in the shorter term.
Fourth, NFLX is near its previous highs from 2021. As a result, further upside from here may draw longer-term trend followers and talk of a new bull run.
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Netflix Stock Gains as Evercore ISI Raises TargetNetflix Inc. (NASDAQ: NASDAQ:NFLX ) continues to capture the spotlight in the investment world, with Evercore ISI raising its price target from $710 to $750. The decision to increase the target stems from robust survey results and an optimistic outlook for the streaming giant, reaffirming Netflix's position as a dominant player in the entertainment industry.
Strength and Growth Potential
Evercore ISI’s decision is underpinned by comprehensive research, including detailed surveys conducted in the U.S. and Mexico. The results reveal that Netflix's core metrics—content selection, customer satisfaction, and churn rates—remain stable and strong. In Mexico, Netflix boasts an impressive 83% satisfaction rate, a testament to the platform's ability to deliver consistent, high-quality content.
Moreover, Netflix (NASDAQ: NASDAQ:NFLX ) is expanding its competitive lead over other streaming platforms. Evercore ISI emphasizes that the quality of Netflix's content is a significant factor driving its continued dominance. The firm’s surveys indicate that subscribers are particularly excited about upcoming content, such as "Squid Game II," which is expected to further enhance Netflix’s appeal.
The firm also highlights Netflix's foray into live events and gaming as key growth areas. With 60% of subscribers likely to remain loyal if more live content, like sports and stand-up comedy, is introduced, and 47% of U.S. subscribers already engaging with gaming offerings, Netflix is well-positioned to tap into these emerging markets.
A Bullish Yet Cautious Outlook
On the technical front, Netflix (NASDAQ: NASDAQ:NFLX ) shares are up 1.28% at the time of writing, continuing its upward trajectory. The Relative Strength Index (RSI) is at 68, nearing the overbought territory. This suggests that while the stock has been on a steady rise, investors should exercise caution, as the momentum could reverse if bearish forces gain strength.
The stock has seen modest gains each day, pushing it closer to new highs. However, if the bullish momentum wanes, Netflix (NASDAQ: NASDAQ:NFLX ) could face a critical test of support. The major support level identified on April 19th, 2024, could serve as a key indicator of the stock’s direction. A break below this support might signal a potential correction, so traders should keep a close eye on this level.
Conclusion: A Strong Buy with Caution
Evercore ISI’s increased price target reflects a strong confidence in Netflix's fundamental and competitive position. The company's ability to consistently deliver high-quality content, coupled with its expansion into new areas like live events and gaming, positions it for continued growth. However, with the RSI approaching overbought levels, investors should remain vigilant for any signs of a potential pullback.
Drifting Lower in a Constructive WayConstructive drift lower on NASDAQ:NFLX with potential pullback buy setup.
Mega caps have not been moving as money rotates into more interest rate sensitive places but $mets NASDAQ:NFLX NASDAQ:AAPL NASDAQ:NVDA on the top of that mega cap with best technical picture.
NTFLX - Waiting For Key Level TestAs the titles implies, NETFLIX is waiting for a KEY LEVEL TEST before making large moves.
It has recently broke through several ranges to the BUY SIDE, showing it has lots of BULLISH movement. This can be seen with the LARGE VOLUME BULLISH CANDLES that followed after hitting one of the SUPPORT LEVELS, where it created high volume with NO RANGES, further proving it's high volume of buys.
What I'm looking for now is a retest of the resistance level where i'd like to see large volume SELL SIDE, or a bounce off the SUPPORT level, where I would look to exercise buy positions
Netflix has recorded a new ATHNetflix has recorded a new ATH.
Netflix (NFLX) has been a powerhouse, reaching new all-time highs. After hitting an ATH of around $700 on November 15, 2021, the stock experienced a significant decline, bottoming out at approximately $162 on May 11, 2022.
However, it has since rallied impressively, culminating in a fresh all-time high of around $710 today.
For those who entered the market during the downturn, this has been a remarkable opportunity. Congratulations are certainly in order.
Looking ahead, the $697 zone appears to be a strong resistance level, while $679 is likely to act as support.