Netflix - Break of the Trend? Listed in the series star
Netflix's heavily hyped stock has been hit by the latest news. Although the company is growing with 2.7 million new customers in the last six months, it loses 130,000 subscribers in the important US market. That's Netflix's total of approximately 152 million paying subscribers. This is a stately number without question and provides the necessary cash flow but the target of 5 million new customers was clearly missed. Something like the stock market does not at all and also shows that the competition has increased but strong and thus growth can not be continued in speed, as previously expected. On the contrary, the competition pulls off successful series of Netflix and that could lead to a faster emigration of previous subscribers, if new series do not meet the taste of the customers.
Discharge pressure
While some investors picked up again after yesterday's low opening price, the chart has looked underperforming since last summer, and IPO Investors used the $ 300-350 zone to sell and safe their profits.
It looks very nice that in April 2019 no higher highs could be formed and the discharge pressure has increased.
The price gap of about $ 30 should be a cautionary mark!
P / E of 143
With $ 158 billion in market capitalization, $ 4.9 billion in quarterly sales, and $ 270 million in revenue, this is $ 20 billion in sales and $ 1.1 billion in revenue year-over-year.
This results in a KGV of 143!
Growth strength is decreasing
A high P / E ratio stock that does not deliver the anticipated growth can be shortet on the stock market in much less time than it took years to ascend the stock market.
For shareholders therefore caution is advised, because investors and traders could come up with the idea to push the gas pedal in reverse, because it is always the motto:
If Panic, panic first.
Greetings from Hannover
Stefan Bode
Netflixshort
Elliott Wave View: Rally in Netflix Expected to FailElliott Wave view on Netflix (NFLX) shows an impulsive structure from May 2 peak ($386.26) . The move lower from May 2 ended wave 1 at $342.5. Internal of wave 1 subdivided as a 5 waves where wave ((i)) ended at $377.25 and wave ((ii)) ended at $385.16. Down from there, wave ((iii)) ended at $352.75, wave ((iv)) ended at $365.26, and wave ((v)) of 1 ended at $341.37.
We can further see from the chart below that wave ((iii)) and wave ((v)) subdivided also as a 5 waves impulse in lesser degree. This illustrates the fractal nature of Elliott Wave Theory. The stock has now ended cycle from May 2 peak. It is correcting that cycle in wave 2 bounce before the decline resumes. Expect the rally to unfold in 3, 7, or 11 swing. As far as pivot at 386.26 high remains intact, the stock should resume lower again.
Potential target for wave 2 is 50% – 61.8% retracement of wave 1 which comes at $364.3 – $369.5. We don’t like buying the proposed rally. If Netflix breaks below $342.5 instead, then the 5 waves impulse move from May 2 peak is still progressing.
Short all things especially Netflix such a nice Bull Trap :Oyep got a head an shoulders pattern it seems like this will be heading downward spotted it yesterday been watching price action since and its not looking good for bulls. stop loss is on there BUT id say as long as it doesnt pass the Head resistance the play is still in effect. Best of luck traders
NFLX HAS NO MORE VOLUME TO CONTINUE UP - 310 TARGET NEXTVolume is getting lower and lower. 5 waves within the C is finished and we have a 1:1 extension of A-B. That means we are nearing us a end of the little long run we had.
My target for this mini short is 310
Keeping a SL at 358,5 would be the best, as there is a slight chance of a 1.272 extension.
After that we should see a drop to the above target.
A LOOK AT WHY NETFLIX IS GOING TO HIT 162 USD Since we already had a ABC downtrending. We got our corrective wave up hitting near the 0.618-0.65 extension. (350-355)
I expected that we would encounter some sort of resistance there as corrective waves usually end there.
By doing a simple RSI 4H analysis, we can see that we have a bearish resistance at the top of the RSI, which suggest we should expect a downward movement. We should see the RSI hitting the bullish divergence, marked as a blue line.
We can also see that MACD has been losing volume over time, and that the first candle started appearing for a bearish outcome.
I expect that we should see a 162 USD Netflix price very soon.
$NFLX Short trade 330ish to 303. "Alright NFLX... Chill"Signs we're going to pullback hard
-200ma is at 332, I've never seen anything not react to it's 200 daily MA.
-At least 4 previous rejections (support and resistance) at this price
-A 9 on the TD9 indicator (the numbers above the candles). Back test this, you NEVER mess with a 9 on a high timeframe lol. (9's are strong indicators of reversals)
-All oscillators maxed,
-Nasdaq is about to pullback also, (when nasdaq finally goes down, NFLX is coming with it)
- Side note: Look back at my previous nasdaq chart, it is insane how well my zones are still playing out WEEKS later
-Side note: Earnings on the 18th it looks like?
We're still "trending bull" on a daily timeframe so I'm being conservative putting my support at 305, but who knows how far we fall.
As always good luck
Netflix Still Has Room To FallDespite a 36% dive, $NFLX can fall another 29% and still post a small gain for the year.
Given rising volatility and a broad-market correction, a short position on Netflix could be a good idea.
A bearish strangle with expirations on DEC21 is what I'm currently holding. The possibility for an end of year rally is still there (hence using a strangle for protection if things go awry), but the probability of that rally grows increasingly slim - particularly within the FAANGs as a correction is far past due.
Netflix levels and FANGsInteresting outlier for FANGs
- Price is flirting with a 4/5 Month Trendline (pink line)
- Price has already broken a 3 Month Trendline (blue line)
-Ceteris paribus, not much support if it drops, Volume Profile suggests price could move to 318
- if you are Longing FANGs, shorting Netflix might be a useful hedge? given the the recent price action? Food for thought
Counter argument:
- BTFD
- Honestly this 1Day Netflix chart is crazy, trading against momentum like this might not be the wisest approach.
NFLX @ Daily @ ready to take off (new all-time highs)Probably NFLX is one of the shares with the most exciting bullish perspectives !?
133.27 (2015/12/07) is the actuallity all-time high price level
129.29 (2015/08/05) was the 1st all-time - summer last year
111.85 (2016/06/14) was the high in june this year before pressure appeared
An BreakOut above 133.27 should generate a mid-term buying signal & a BreakDown under 111.85 likely a mid-term selling signal :)
How ever,
as long NFLX is trading above the GAP (116.50 > 100.73) i am pretty bullish for this share ...
Prices from 120.37 until 116.50 are buying price areas for bulls !!!
1st target should be 125.81 (end of extended downside trendline)
2nd target should be 126.16 (temporarly high after november`16 lows)
3rd target should be 128.93 (start of extended downside trendline)
After that, should the way into new all-time highs be free - likely only a quest of time :)
Take care
& analyzed it again
- it`s always your decission ...
(for a bigger picture zoom the chart)
Best regards
Aaron