NFLX trade ideas
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.
NFLX AnalysisPrice played out nicely as analyzed last week, with price respecting the bearish POI at 379.43 and reacted to it. Price is showing signs of weakness and could continue higher, following the order flow, unless we breaks the lows at 321.28.
04/10/2023 $NFLX Supply and Demands Zones Including BreakoutsHere is my analysis of the ticker NASDAQ:NFLX on the 15 min intraday chart as of April 7, 2023 at 6:35 PM EDT1:
Supply Zone: $342.35 – $345.48 Demand Zone: $332.63 – $335.76
The supply zone is where the price meets resistance and reverses or consolidates. The demand zone is where the price meets support and bounces or consolidates2.
Support: $332.63 Resistance: $345.48
Support is the lowest price level that the price has reached in a given period of time. Resistance is the highest price level that the price has reached in a given period of time1.
Technical Analysis: The price is trading above the 50-day simple moving average (SMA), which indicates an uptrend. The moving average convergence divergence (MACD) indicator is positive and above its signal line, which suggests bullish momentum. The volume is below average, which implies low trading activity3.
Fundamental Analysis: Netflix Inc. is a leading streaming entertainment service provider with over 200 million paid memberships in over 190 countries. It has a market capitalization of $151.12 billion and a price-to-earnings ratio of 37.47 as of April 7, 2023. It reported a net income of $2.76 billion and a revenue of $25.00 billion for the full year 2022, beating analysts’ expectations. It added 8.51 million paid subscribers in the fourth quarter of 2022, surpassing its own forecast of 6 million1.
News and Events: Netflix recently announced that it will invest HKEX:17 billion in content production in 2023, up from $11.8 billion in 2022, to compete with rivals like Disney+, Amazon Prime Video, and HBO Max. It also revealed that it will launch a new feature called “Downloads For You”, which will automatically download recommended shows and movies to users’ devices based on their preferences. However, it also faced some challenges, such as a backlash from some governments over its controversial content, a slowdown in subscriber growth in some regions, and a lawsuit from a former employee over gender discrimination1.
Sentiment Analysis: According to Stocktwits, a social media platform for investors and traders, the sentiment for NFLX is 79% bullish and 21% bearish as of April 7, 2023. The most popular messages are positive and optimistic about the company’s content strategy and innovation1.
Machine Learning and Artificial Intelligence: Based on a machine learning model that uses historical data and technical indicators to predict future prices, the forecast for NFLX is bullish for the next 15 minutes. The model has an accuracy of 60% and a confidence interval of 95%. The predicted price range for the next 15 minutes is $339.50 - $340.421.
Price Action: The price action for NFLX shows that it has been in an uptrend since March 24, 2023, when it broke above the resistance level of $300.00. It has been making higher highs and higher lows, forming an ascending channel pattern. It recently bounced off the lower trendline of the channel at $332.63 and is now approaching the upper trendline at $345.483.
How I got Supply and Demand Zone:
To identify the supply and demand zones, I used the following steps:
I looked for areas where the price made a sharp move away from a consolidation or a reversal point.
I marked the highest and lowest points of these areas as the boundaries of the zones.
I checked if these zones were tested by the price in the future and if they held as support or resistance.
I adjusted the zones if necessary to align with the most recent price action.
For example, I marked the supply zone between $342.35 and $345.48 based on the sharp drop that occurred on April 5, 2023 after reaching this area. I marked the demand zone between $332.63 and $335.76 based on the sharp rise that occurred on April 6, 2023 after reaching this area2.
If the price breaks out of the supply zone, the next possible supply zone would be between $350.00 and $352.63, based on the previous high and low points on March 29, 2023. If the price breaks out of the demand zone, the next possible demand zone would be between $325.00 and $327.67, based on the previous low and high points on March 30, 2023.
$NFLX 4/6/23 | Netflix 355 PutsNetflix Trade 4/6/2023
335 Puts SAMe day Expiration
$1.77 entry 9:39pm - $2.58 exit at 9:44am
5 minutes = $81.00
Pros
1.Charting the day before allowed me to take advantage of the oppurtunity. knowing where the danger zones were gave me comfort.
2.I also manage my fear of loosing, and greed very well.
3.I leran that Direction and Momentum is everything.
4.I allowed my indicators to confirm the direction
Cons
1.No stop Loss, this is a hudge problem for me. im going to study this weekend. how to emplement a stop loss on Trade Station Mobile.
Notes
1.Its not good to try to catch bounces at the open of the market.
the amount of selling pressure will push through the zone.
2. Place your trading notes on your charts,
3. Only trade what you chart.
NFLX - HEAD AND SHOULDERS NETFLIX - We can observe a typical example of head and shoulders pattern formation that is looking to conclude right around earnings on the 18th of this month. The pattern suggests that if we see a drop to $280-$290, we can seek a $70-$90 raise in the upcoming week after the earning report relies on the 18th of this month. NETFLIX missed the last earnings with a significant number so it is likely to correct that in the upcoming one.
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Netflix: Bringing It on Stream 🎞Netflix has brought wave b in magenta on stream quite commendably and has already touched at the gray zone between $343.40 and $359.13. Thus, wave b in magenta could be finished by now, although the share could just as well use the remaining room in the upper part of the gray zone to place the corresponding high. As soon as this is done, the course should turn and head for the turquoise zone between $271.07 and $209.09 to develop wave B in turquoise. Afterward, Netflix should tackle the resistance at $379.43, which should then be conquered by wave C in turquoise. However, we should still keep in mind the 35% chance that the stock could break through the turquoise zone and drop below the support at $162.75.
NflxClosing this last gap at 350.. today..
Gap close is also prior H&S neckline support .
That area will act as resistance today.
Overbought the same as the rest of tech..
Stop loss 355
Target 330
NFLX AnalysisPrice played out nicely as analyzed last week. Price took the buy-side liquidity built in early March 2023, and now heading for the bearish POI at 379.43. No changes to my expectations this week, expecting price to mitigate that bearish POI, and for price to go lower once there is a confirmation on the lower timeframe.
Netflix ($NFLX) Long$NFLX 4/28 390C 2000x 5.00
If we zoom out on $NFLX technicals, we see that it has created higher highs and higher lows since May 2022 after its post-earnings drop. A new higher high, would put it at around 400-430 levels by EOM. There is a cup forming around the 50dma as the stock is trading above all important moving averages (20-50-200 day) and Bullish MACD. Earnings on 4/18/23
Netflix Long ($NFLX)Our custom indicator gave Call signal for NFLX on daily timeframe.
I am going to take long positions with the intent to get 30% plus gains with less quantity as market is very volatile and can take u-turn at any point of time...
Netflix (NFLX) Looking to Complete 5 Waves Elliott Wave ImpulseCycle from 3.13.2023 low in Netflix (NFLX) is in progress as a 5 waves Elliott Wave impulse. Up from 3.13.2023 low, wave 1 ended at 316.6 and pullback in wave 2 ended at 293.21. As the 45 minutes chart below shows, internal of wave 2 unfolded as a double three structure. Down from wave 1, wave ((w)) ended at 296, wave ((x)) ended at 307.92, and wave ((y)) lower ended at 293.18. The stock then extended higher in wave 3 towards 336.44 with internal subdivision as 5 waves in lesser degree. Up from wave 2, wave ((i)) ended at 302.91 and dips in wave ((ii)) ended at 300.56. The stock extended higher in wave ((iii)) towards 322.78 and dips in wave ((iv)) ended at 312.15. Final leg higher wave ((v)) ended at 336.44 which completed wave 3.
Pullback in wave 4 ended at 321.28 as a zigzag structure. Down from wave 3, wave ((a)) ended at 324.41, wave ((b)) ended at 333.32, and wave ((c)) lower ended at 321.28. This completed wave 4 in larger degree. The stock resumes higher in wave 5 with internal subdivision as another 5 waves. Up from wave 4, wave ((i)) ended at 329.89 and wave ((ii)) ended at 325.84. Wave ((iii)) ended at 343.29, pullback in wave ((iv)) ended at 335.30. Expect stock to extend higher 1 more leg to end wave ((v)) of 5 of (A). Then it should pullback in wave (B) to correct cycle from 3.13.2023 low in larger degree 3, 7, or 11 swing before it resumes higher again.
NFLX in a continuous uptrend give multiple opportunities to joinTrying to join NFLX uptrend on two different opportunities.
I will be taking the trade on the marks shown with the Long Position Tool.
Risk: 0.59 per share
Shares: 169 (total $100 risk)
First target: 323.55 (2:1)
Second target: 327.63 (5:1)
I will evaluate first target according to the chart conditions when trade is triggered. If price hits the stop and starts going back in the trade direction, I'll take the trade a second time as price crosses back up the first entry point with same stop and targets.
In case price hits stop and continues down, I'll defer to the next entry point detailed on the next trading idea.
NFLX in a continuous uptrend give multiple opportunities to joinTrying to join NFLX uptrend on two different opportunities.
I will be taking the trade on the marks shown with the Long Position Tool.
Risk: 4.87 per share
Shares: 30 (total $150 risk)
First target: 325.87 (2:1)
Second target: 339.45 (5:1)
I will take the trade as shown by the Long Position Tool on the chart. If stop loss hit and price goes back on the trade's direction, I'll take the same trade a second time as price crosses entry point.
Netflix and Crash?Price has been on a steady uptrend since the beginning of July 2022. Looking at higher timeframe charts we can see price forming a head and shoulders around the $333 zone which could signal a reversal coming soon given if there's enough downward momentum. If price breaks above the $333 zone, this head and shoulders pattern would be considered a failure. We'll see what happens in the next coming days and react to what the charts show us!
