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 :)
NFLX
M2 Adjusted FAAMNG Tutorial/AnalysisThe current FAANG symbol does not have a very long history. Depending on the symbol, you get a chart that either starts from mid-2019 or 2016. We get couple more years of data in this chart, back to early 2014. I weighted each stock equally according to its 60 month average, and adjusted for M2 expansion, which gives us a very consistent support line. There's also a horizontal resistance line that extends from 2018 onward that is currently being tested as support, which raises the questions:
Is historical support now resistance? Is the resistance line now support? Or will we drop below the resistance line once again?
It wouldn't surprise me if we got a bounce here to once again test that the Support line is *actually* now resistance and the drop in price wasn't a fluke. Which, maybe it was. But on the other hand, smaller caps have gotten completely crushed, look at the M2 Adjusted Russell 2000 for example:
We're getting close to the "value" zone, but we're still at the bottom range of wholesale prices. I wouldn't be surprised if there's even more stop-loss style liquidations at these prices.
There are many many unprofitable companies, roughly 50%?!, that are feeling the pain in the Russell. It's not crazy to think that once the smaller caps fall, the rest of the larger dominoes fall. First, there were drops in sort of intangibly valued companies like Netflix/Peloton. Market shrugged it off. Then we saw a single day -0.25 trillion$ valuation drop in Facebook. Market shrugged it off. Now in the past few weeks, Amazon is finally looking terrible, and this is the first time in YEARS that the market seems to be taking it seriously. How long until Apple/Tesla bite the bullet? The market can only shrug off so much localized losses before it becomes systemic. It's only a matter of weeks or months, in my opinion, until we see the remaining FAANMG and others reflect the state of rest of the market.
So how did i manage to get the symbol on the chart?
This method is not perfect. There's lots of ways to do this. I decided to equally weight each stock by their 60 month SMA, given that mean reversion is a well known phenomenon. But you can use any anything you wish, as long as it normalizes the price in a way that you like. Literally anything.
First, I wrote down the SMAs like this:
60 month SMA:
FB = 221.34
AMZN = 2250.99
AAPL = 85.60
MSFT = 173.64
NFLX = 380.58
GOOG = 1585.70
Notice that AAPL has the lowest average, 85.6.
We can use AAPL as our "benchmark".
Divide every SMA by 85.6:
FB = 2.5857
AMZN = 26.296
AAPL = 1
MSFT = 2.0285
NFLX = 4.4460
GOOG = 18.524
Now we can add each price together, and divide by our adjuster that we just calculated, to get a fairly crude, but accurate enough, equally average-weighted basket:
AAPL+
FB/2.5857+
AMZN/26.296+
MSFT/2.0285+
NFLX/4.4460+
GOOG/18.524
Mash it all together, you get:
NASDAQ:AAPL+NASDAQ:FB/2.5857+NASDAQ:AMZN/26.296+NASDAQ:MSFT/2.0285+NASDAQ:NFLX/4.4460+NASDAQ:GOOG/18.524
And adjust for M2 if you want:
(NASDAQ:AAPL+NASDAQ:FB/2.5857+NASDAQ:AMZN/26.296+NASDAQ:MSFT/2.0285+NASDAQ:NFLX/4.4460+NASDAQ:GOOG/18.524)/FRED:WM2NS
This looks ugly though. The value is so small, there's no horizontal bars on the chart because of a display bug in TV or some other problem. So we can simply multiply the entire series by a value. in this case 15, until we get something that looks good.
(NASDAQ:AAPL+NASDAQ:FB/2.5857+NASDAQ:AMZN/26.296+NASDAQ:MSFT/2.0285+NASDAQ:NFLX/4.4460+NASDAQ:GOOG/18.524)/FRED:WM2NS*15
There's a lot of ideas fairly similar to this out there, but I hope this helps someone who might be curious how people came up with these crazy long symbols. Try it with your favorite sectors! Make your own sector benchmarks. You can combine up to 10 symbols at once! Here we only used 6 symbols (7 if you include WM2NS).
Good luck and don't forget to hedge your bets :)
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.
Netflix Gap Down X 2!Netflix Gap Down X 2!
2 gap downs were identified with the most recent gap down (81.69) on April 20, 2022. The other gap down (95.78) occurred on January 20, 2022. Both gap downs occurred AFTER earnings.
Position-Neutral. On one hand I am bullish on NFLX because it is oversold and volume is relatively low on the daily chart. As aforementioned, NFLX has two gaps to fill. I wonder how long will it take for the gaps to fill. I also wonder about the changes Netflix is making to earn back the business of the subscribers it loss. The latter part of my reasoning is what makes me neutral on the overall sentiment of this particular stock.
Netflix is currently trading well below its 200 day moving average (514.22). NFLX end of day stock price was 199.52 (28 April 2022).
What are your thoughts on NFLX?
Peace & Prosperity,
Al
www.tradingview.com
Netflix Going Long after correction phaseHello Traders!
Here is the most possible scenario for Netflix on the next weeks.
Netflix Now in a correction phase and After NFLX Break 3 Important High Low, i expect Netflix To Be retracement from the red rectangle as buying zone
Let Me Know In The Comment Section Below If You Have Any Questions
#NFLX how deep?So I have used the Lord Skin's formula and the target price for Netflix is roundabout $105. This is some 44% drop from the current level. Lets see.
Debt Level: NFLX's net debt to equity ratio (48.6%) is considered high.
Reducing Debt: NFLX's debt to equity ratio has reduced from 113.6% to 82.8% over the past 5 years.
Debt Coverage: NFLX's debt is not well covered by operating cash flow (3.7%).
Interest Coverage: NFLX's interest payments on its debt are well covered by EBIT (8.2x coverage).
Insider Buying: NFLX insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
NasdaqGS:NFLX Recent Insider Transactions by Companies or Individuals
Date Value Name Entity Role Shares Max Price
28 Jan 22 Buy US$20,001,609 Wilmot Hastings Individual 51,440 US$393.47
05 Nov 21 Sell US$643,206 TCMI Inc. Company 975 US$660.35
03 Aug 21 Sell US$479,042 TCMI Inc. Company. 939 US$510.16
NETFLIX at Key SupportPrice is now at key support around 190 level.
In the monthly timeframe, it is showing strong bullish divergence with RSI.
If this support breaks then the next support is around 125 level.
Target in both cases will be around 400 (Long term).
Do your own research before investing.
Peace !!
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 !!
NFLX NOT A BUY YET! where is the near term bottom?Today's low was $211.52. I do not believe the bottom is in yet. Next level of support is around $196.00. I will likely start buying at $205 and adding every $5 below. Looking for a bounce on NFLX to $230-245 range once bottom is in. NFLX blew right through my $267 support and next level of $230 support. Tomorrow is options expiration likely not to get a lot of range in tomorrow. Perhaps Monday this will be ripe to start buying for a bounce. NFLX is oversold but can and will go lower.
NetFlix needs to Attention nowNetflix is so ready to start a Reverse and Rise Price Cause it falls more than 50% of Price and now on a Strong support that can push price to up, so Buy carefully and buy it in 4 Step.
Buy@ 210$, 180$, 140$, 90$
Stop loss@ 80$
Take Profit@ 700$, 950$, 1200$
it's so Important to buy Step by step and not be Greedy and buy More Volume in 90$
Netflix - Potential for 250% Upside?Is there an opportunity for a good bull trend for Netflix ?
There has been a lot of discussion around Netflix lately with sharp drop in share price after the latest earnings report. And not getting much into fundamental analysis where the main message is clear - growth of subscribers and hence revenue, profits and generally margins is going to slow down. Here are few points/questions on the potential development of the price for discussion:
Has the market already priced this negative forecast with 70% collapse in share price?
Is the price fair now considering that (1) P/E is at the lowest point 19 x compared to over 70 x 2 years ago, and over 100 x 3 years ago, (2) RSI is the lowest since 2011 on the weekly timeframe?
Is technical analysis telling us that correction in the shape of an Expanded Flat (using Elliot Wave Analysis) is getting to completion and there is a new bull trend may be beginning soon with upside of 250% to $700?
Technical analysis remarks - this idea is based on formation of the Expanded Flat correction with 3-3-5 structure as noted in the graph:
First wave (zigzag) - drop in price from 21 Jun 2018
Second wave (zigzag) - bullish trend which is difficult to mark as an impulse, from 26 Dec 2018
Third wave (impulse) - a clear 5 wave decline from 17 Nov 2021
This is only one of the potential scenarios that can develop in Netflix and it is not an advice to go long All-In. There are different rules for entering position depending on your risk appetite.
Glad to hear your thoughts on the analysis and if you see the next potential scenarios through fundamental or technical lenses differently, please share.
Thanks
It is buy opportunity in 200As the chart shows price decreased and it is near 203 as the good support and the price of 2018 , netflix is not exploded so dont sell yours cheap, from 203$ it can come back to pull back .
I believe that Netflix market maker buy all your in the dip for comming days to sell you again
203$ support in exactly equal to the channel width and if we see and signs of come back such as divergence with RSI or good volume we can enter with target of higher price
Have a good days
NFA
NFLX Netflix: 1D Chart ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Netflix, Inc. (NFLX).
The chart is self-explanatory. Death cross may be coming up. RSI just broke out of the support line. Keep an eye on the Support Zone.
Included in the chart: Trend line, Support and Resistance Lines, RSI, MFI, Death Cross, Simple Moving Average, EMA Ribbons, Volume.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
I have additional charts below on cryptocurrencies, stocks and more to review. Check them out!
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk