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Netflix

Bullish Pattern Indicate A Major Reversal For Netflix Shares.Netflix formed the possible head-and-shoulders pattern between April 26 and May 26, with the left shoulder created over the first seven trading days within the time period, the head over the subsequent eight days and the right shoulder was printed over the eight days that followed. On Tuesday, Netflix retraced slightly lower to back test the neckline of the pattern and held above it. Netflix’s relative strength index (RSI) has been making a series of higher highs and higher lows, which indicates momentum into the stock is increasing. Netflix’s RSI is currently measuring in at about 43%, which indicates the stock has room to move in either direction before entering into oversold or overbought territory but the indicator is suggesting more upside. Netflix is trading in a confirmed uptrend, with the most recent higher high printed on Tuesday at the high-of-day and the most recent higher low formed at the $177.17 mark on May 24. Eventually, Netflix will retrace to print another higher low, which could provide an entry point for bullish traders who aren’t already in a position. Netflix has two gaps above, with the closest gap falling between $248.70 and $333.22. Gaps on charts fill about 90% of the time, which indicates Netflix will rise up to fill the empty trading range in the future, although it could be some time before that happens. Netflix has resistance above at $200.82 and $212.98 and support below at $186.40 and $178.38.
NASDAQ:NFLX
by AxiomEx
NFLX-USD Greetings, Since ATH, the paper has fallen in price by 75% due to loss of Russian subscribers and a general market correction. There were only two such strong corrections in 2004 by 77% and 2011-12 by 80%. Could the decline continue? I think so, with a rebound and a test of support around $90-130, where the 2015-17 accumulation zone is located. The company predicts this quarter's drop in subscribers could drop another 2 million, from the current 220 million, due to the unstable world situation and higher US subscription costs. The company's average monthly returns statistically are January, May, August, October, December. And the weakest months are April and July, the current drop in April confirms this statistic, May has every chance to close better on the rebound. But fundamentally the company is developing, and the number of users of the service will grow worldwide. For private investors it is worth thinking about several entry points, which would reduce the risk and get a better average price for further correction. If you liked this article, please like it and subscribe, so as not to miss anything. Always use STOP, and do not use a leverage higher than x3. A trader must always have tomorrow.
NASDAQ:NFLX
by Kirill_Gaitan
Are Nasdaq stocks now reasonably priced?Over the past two years, technology companies have enjoyed explosive growth as investors were upbeat about the prospects for the sector at a time when people relied on technology to stay connected while cooped up in their homes. Internet firms like Zoom Video Communications (NASDAQ:ZM) were among those to reap substantial gains from the tech boom during the pandemic. Zoom’s stock surged to a record $559 in October 2020 around the time that its platform’s usage became ubiquitous for people working at home and regular users that wanted to connect with friends and families. The confidence in Zoom and other internet stocks like Alphabet (NASDAQ:GOOGL) and Microsoft (NASDAQ:MSFT) fueled a herd mentality that propelled the tech-heavy Nasdaq Composite index to an all-time high in November 2020. But with concerns about high valuations and interest rate hikes that could lower companies’ future earnings, the Nasdaq has been on a freefall for about half a year now, retreating from its November peak of over 16,000 points to an over 18-month low of just under 12,000 points on Wednesday. Pandemic favorites lose shine Zoom, the poster child for 2020, is now trading at less than $90 from its October peak of $559. Netflix (NASDAQ:NFLX), another pandemic favorite, has lost 62% over the past year and 69% year-to-date as of Wednesday, trading at less than $190 after touching an all-time high of $690.31 in October 2021. The drop in Netflix’s shares comes as the company reported its first quarterly loss of subscribers in over a decade. It lost 200,000 subscribers in the first quarter, which the company blamed on people sharing accounts, among other factors. Billionaire investor Bill Ackman in April sold his entire stake in Netflix, taking $400 million in losses. His firm, Pershing Square Holdings, said that while Netflix’s business is fundamentally simple to understand, "we have lost confidence in our ability to predict the company’s future prospects with a sufficient degree of certainty." Valuation worries The appeal of tech stocks has dimmed in recent months mainly due to high valuation coupled with missed or slowing sales targets. Apple (NASDAQ:AAPL), in October 2021, missed the market’s revenue expectations due to the lingering global chip shortage that has been affecting its iPhone production. Apple’s price-to-earnings (P/E) ratio, a measure of whether it is over- or under-valued, surged to 35.45 at the end of 2020 before retreating to 28 in the first quarter of 2022. This means that investors are paying $28 for every $1 of the company’s earnings. The iPhone maker’s current PE ratio, however, is still lower than that of its peers, including Netflix, Amazon.com (NASDAQ:AMZN), and Tesla (NASDAQ:TSLA), whose P/E ratio’s are all above 50. Most overvalued tech stock Tesla’s stock price has jumped 26% over the past year, but down 40% year-to-date. Over a month ago, the carmaker joined a growing list of megacap companies to enact a stock split after its shares blew past $1,000 in October 2021. Stock splits make shares more attractive to retail investors but doesn’t change its PE ratio. Many analysts say Tesla is the most overvalued tech and automotive stock in the market and even its own CEO Elon Musk shared the same view at one point, tweeting two years ago that the company’s stock price “is too high imo.” That tweet knocked 10.3% off Tesla’s stock price on May 1, 2020. However, some still see the company's current market value as reflective of Tesla’s potential to further expand its dominant position in the electric-vehicle market. In 2021, Tesla held a nearly 14% share of the global EV market, beating rivals Volkswagen, BYD (HKG:1211), General Motors (NYSE:GM) and BMW, among others. A counter to the recent pessimism While many financial watchers cast doubt on tech firms’ ability to meet sales targets and justify their high valuations, some say the recent tech sell-off is irrational while remaining upbeat about tech’s future performance especially in the area of new tech trends like big data and artificial intelligence.
NASDAQ:NDX
by BlackBull_Markets
Netflix 171% move coming but first...some thoughts. Netflix pulled a squid games, (look up squid games crypto if you're lost) but honestly Netflix shit the bed. But now the beds being cleaned and you can start accumulating in this area $190 - $217 to sell in the mid $500's. Reasoning: Gap fill at $198 and lots stop losses hit me thinks <$200 and then run up to the top of the Ichimoku cloud on the daily which coincides with ~540. I'm setting a tight stop just in case of future Ackman scares.
NASDAQ:NFLX
by InvestingIdeas9
3
NETFLIX HORRIBLE !!! WILL NFLX DROP ANOTHER +10% ¿?DAMN... $NFLX doing so bad :( Anyway, I think it will recover in the long term (RSI shows undervalued & price dropped so hard) but I don't think ATH will be easy for NFLX anymore... Sorry guys :( These are my scenarios for Netflix... It could drop more and accumulate there (very possible) or Netflix could recover step by step and accumulate at those levels... We'll see, I never invested on NFLX but I won't buy stocks this year that's sure. I prefer wait and see what happen next year because this company looks so bad IMO. REMEMBER ALWAYS #DYOR :)
NASDAQ:NFLX
by ThePureLife
7
NETFLIX WHERE IS THE BOTTOM?Netflix, Inc. provides entertainment services. It offers TV series, documentaries, feature films, and mobile games across various genres and languages. The company provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, television set-top boxes, and mobile devices. It also provides DVDs-by-mail membership services in the United States. The company has approximately 222 million paid members in 190 countries. Right now Netflix, it seems they reach a saturation of subscribers and even start to lose some. Quarter 1 report of Netflix came and they lose around 200.000 members worldwide. A worrying shift for a business which sustained growth never interrupted for over 10 years. This caused by new and strong competition along with the covid restrictions worldwide. I do not think, income will be problem for now since they cancel productions that seems redundant. They will cut costs. Also price may have found the bottom already. This week, investors seems to think this levels are good for buying. In the "weekly" chart, price hit the bottom of Bolinger Bands with the RSI below oversold area. MACD is in the deep negative zone with going deeper. If selling pressure stops for the next couple of weeks MACD line will probably cut the Signal line which means buy if we are still near bottom of Bolinger Band. Important support levels 190 is highly important as price seems to bottom there this week. 180 if 190 cant hold it. These levels can be considered as stop loss zones. Important resistance levels 203 210 221 240 262 These levels can be seen as take profit zones. Thanks. Follow for more charts and ideas.
NASDAQ:NFLX
by thegreatwall38
Netflix - It's time for a comeback! 😎After the published reports of Netflix, its shares have already fallen by 47%, due to a decrease in the number of active subscriptions. Since then, Netflix has given away a huge number of free subscriptions, some of which will soon be converted to paid ones and the company will be able to regain its positions. Also, from a technical point of view, we have an excellent gap that needs to be closed. What do you think of this idea? What is your opinion? Share in the comments📄🖌 If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊 P.S. Always do your own analysis before a trade. Set a stop loss. Fix profit in parts. Withdraw profits in fiat and please yourself and your loved ones
NASDAQ:NFLXLong
by Artem_Dishel
9
Netflix, LONG!Hello Traders, here is the full analysis for Netflix , let me know in the comment section below if you have any questions. The ellipse could represent a possible zone with good risk/reward to accumulate long position. Please note that all the information and publications hera are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. What you will find here, are only views of a Cat passionate about Finance.
NASDAQ:NFLXLong
by TheForexMethod
NETFLIX NFLX Stock Is SHORT This Week!After the big fall that the stock has made recently after subscriptions raised rates of Netflix services + the new term that Netflix has revealed of having 1 account per user which in other words means that he would no longer be able to share his password with anyone else and has to pay for the service to consume the service that Netflix produces, in confluence with Netflix withdrawal of Russia after the Ukrainian-Russian war, which made the company lose more than 700K users at once. All of these signs are still impacting the stock and will for few weeks if not months still, that's why the price will surely reach the lowest selected zone of the chart if not even break and fall even more. I'm Short on Netflix NASDAQ:NFLX !!
NASDAQ:NFLXShort
by capitalmanager01