NFLX Price Soars 12% after Strong ReportYesterday's closing price was 345.83, but this morning, NFLX's price rose above USD 390 per share in premarket trading. The reason is a strong report:
→ earnings per share = USD 3.73, expected = USD 3.49;
→ revenue = USD 8.54 billion, a year ago = USD 7.9 billion.
→ the main surprise is that the number of subscribers grew by an impressive 8.76 million in the third quarter (about 6 million were expected). The number of subscribers worldwide is approaching 250 million.
Given the increase in demand for its service, Netflix has decided to raise the price of its basic plan in the US to USD 11.99 per month from USD 9.99, and raise the price of its premium subscription to USD 22.99 per month from USD 19.99. This could attract more earnings per share in the future, which is what has helped NFLX's price soar.
From the technical analysis point of view:
→ NFLX price returns to the ascending channel that was in effect in 2023 and seems to be becoming relevant again. The false breakout pattern could become a support zone in the future.
→ NFLX price exceeded USD 370 per share.
Since early September, NFLX has been a laggard in the NASDAQ index, but after the report it may become one of the leaders. "While we have much work to do to build out this business, we're making good progress and laying the foundation for what we believe should be a multibillion-dollar revenue stream over time," Netflix executives wrote in a letter to shareholders.
Resistance to a powerful bullish impulse may come from:
→ psychological level of USD 400;
→ level at USD 412 – during the summer, the level provided support. But it was broken on September 13-14, and with a bearish gap, which could slow down the rally if the price of NFLX reaches this level. Also note that here is the Fibo resistance level of 50% of the decline A→B.
According to TipRanks, analysts have a target price of USD 454 for NFLX, but given its recent performance, the forecast could be raised.
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NFLX
NFLX Falling into a Dark Pool Buy Zone?While we all wait on the highly anticipated NASDAQ:NFLX earnings report at the close today, let's study the weekly chart to study the downside potential since the stock gapped down today on expectations of a weak report.
Netflix’s percentage of shares held by institutions has recovered to a respectable 79%, which is more consistent with a company that is in favor with the Buy Side Institutions. There has been accumulation going on since the lows of 2022.
Selling Short is problematic due to the support levels not far down from the current price and the risk of a hidden Dark Pool Buy Zone starting at the highs of the U-shaped bottom formation.
The current run down is at a technical support level, which is where pro traders often nudge the price to trigger HFTs. Beware of the risk of an extreme reaction at the open tomorrow. During earnings season with a report at the close, pro traders often take profits either in the final minutes of the day to avoid the risk of a surprise, or shortly after the open to capitalize on the reaction to the report.
Nflx puts for earnings today. Strangle. Will be buying a few otm puts and one very far otm call strangling Netflix. Earnings likely to see a big down move.
NFLXJust a technical look..
Technical view means only analyzed chart and nothing else..
This analysis can be easily completed and the time frame is high, so it will take a lot of time.
#NFLX is it time to buy NETFLIX and CHILL?Netflix at a very interesting level here. 38.2 fib retracement of June lows and July highs. Channel Support. Previous resistance now support? Reversal off 200dma. Seems like a plausible level to attempt a long
NETFLIX: Buy opportunity on a 4 month stretch.NFLX is trying to find support on the 1D MA200, which is at the bottom of a (longer than a year) Bullish Megaphone pattern. The 1D technical outlook is red (RSI = 36.027, MACD = -9.900, ADX = 36.923) signifying considerable upside potential and the rebound on the 30.00 oversold RSI level indicates the reversing momentum. We expect an immediate rally as part of the new bullish leg that will target the 0.786 Fibonacci (TP = 585.00).
Prior idea:
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Bullish on Netflix.
As you can see here, we have bounced off of a major trend line and the YTD VWAP as well. The MACD is about to cross and the RSI hiekin ashi has flipped from oversold to green. This is all on the daily chart.
Netflix - Come in...the water is fineWe dived below the Center-Line.
This is the time for a short, not when it's down at the Lower Medianline Parallel. Because there are lurking Creatures you don't want to meet.
My stop would be above the CL test high.
Keep in mind that earnings are coming out soon. So mybe give yourself time and trade it with an Options Strategy?
Gone for a swim...the water is fine §8-)
NFLX EXPANDING CHANNEL BREAKOUTNFLX confirmed a bearish breakout on the lower boundary formed over the expanding channel. Here we expect the price to continue the bearish sentiment to the downside towards the picked up key support level on the bottom close to $275.
NETFLIX Is the streaming Giant a buy again?Netflix (NFLX) had a great run since our March 23 long (see chart below) and gave us more than +51% return in 4 months:
The long-term pattern remains a Bullish Megaphone and right now the price sits on its bottom (Higher Lows trend-line) as well as the 1D MA200 (orange trend-line), which has been unbroken since November 10 2022. On top of that, the 1D RSI is oversold on the 30.00 Support. Last time it was this low (March 10), the Megaphone priced a Higher Low bottom. As you realize, along with the 0.382 Fibonacci, we currently sit on a quadruple level Support Cluster.
Based on the 93 candle (roughly 135 days) rule within this Megaphone, which suggests that at the end of the 93 candle count, NFLX will either be near a High or a Low, we still have around 2 months to call a bottom. As a result, if the 1D MA200 and Megaphone break, we can see a slow descend along the 1W MA100 (red trend-line) and then pick up a reversal.
Either way, the once mighty streaming giant is entering a new long-term Buy Zone. Our target is the 0.786 Fibonacci extension ($587.50) even though we wil most likely see the Megaphone peak higher by Q2 2024.
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NFLX, Severe Factors to Confirm Huge BEARISH-Wave Breakout Next!Hello There!
Welcome to my new analysis of NFLX. The NFLX price action already determined a heavily bearishly inclined bear-market wave towards the downside printing a bearish wave of over -70% and liquidating a ton load of bull-trapped positions with the crucial bearish wave A. Now, NFLX is in this meager uptrend which is not anything than a next continuation pattern as the volume is decreasing and the institutional smart money operator's short-side positions increased heavily.
Now, NFLX is already approaching the crucial upper distribution resistance channel within the gigantic bearish descending channel formation from where the next bearish wave towards the downside is likely to emerge next. In this case, the next bearish wave acceleration phase is going to happen when NFLX breaks out below the 100-EMA which will be the last frontier to the massive bearish determinations to follow once this breakout happened.
With the huge ascending wedge formation that NFLX formed before the bear market decline, NFLX already set the origin of this bearishly inclined structure. This means that with the current weak uptrend that has no volume, no momentum, and no smart money backing the final bearish bear flag breakout is more than overwhelmingly likely. Once this breakout has been activated it is going to be the origin of the bearish expansion wave C towards the lower levels.
Taking all these factors into consideration NFLX is definitely a bearish inclined stock currently and the major disruptional bearish momentum continuations are likely to emerge anytime soon. In this case, it is necessary to approach the short-side opportunity appropriately, a potential entry setup has already formed as the volume declines more and more and NFLX already finalized the bear flag formation. Because of the significance of this whole bearishly inclined determination, I am keeping NFLX on the short candidate's watchlist.
Thank you everybody for watching my idea about NFLX. Support from your side is greatly appreciated.
"In a bear market, you have to use sharp countertrend rallies to sell."
VP
NetFlix - Come in, the Water is fine!Below the Lower-Medianline-Parallel, the Water is fine!
,..you think?
Maybe, but there's a Shark waiting for you.
He's Name is "FOMO"!
If you waited for a retest of the L-MLH, then you wasted your time. Here is how you trade a open/close below the L-MLH:
- short immediately with a money Stop/Loss
or
- wait for a re-test of the L-MLH, and short from there on obvious weakness. Put your Stop behind the re-test high.
But don't jump in the mouth of the "FOMO" Shark!
I added the Members material on my website.
Check it out, it's free for all, but you must be a brave Trader §8-)
NFLX | SHORTNASDAQ:NFLX
Possible Scenario: SHORT
Evidence: Price action
* if it breaks 409$ and holds it, it will surely hit lower levels, like 370$ and 300$ before EOY.
I'm very confident about this idea.
Timeframe: two weeks.
NFLX Monthly Chart... 5 trading days to go before the close of the month... which means this last bearish candle that broke the current uptrend can still reverse... let's wait and see.. but currently it is quite bearish... adding the doji that occurred at the .618 Fibonacci retracement level (in red), the RSI not even reaching 60 before reversing and the MACD histogram starting to break down.
Zoom out and NFLX is still on a major long term uptrend... even if the price would drop substantially.
NFLX - AnalysisNFLX
W1 - After breaking through the trend line, a head and shoulders pattern is formed. If this changes the direction of the trend, we could see moves towards the 285.54 levels in the long term.
If this is a correction, we could see the price move towards the 348.15 level. If the price retests the level of 379.10, then the road is open to a fall to lower targets.
What can you expect?
Movement to the levels 379.10 - 348.15 - after breaking through 379.10, the price may begin a correction to consider buying, awaiting confirmation.
Short
Targets – 379.10 - 362.83 - 348.15
Long-term perspective (retest required) – goals 348.15 - 314.88 - 285.54
Long - will be considered when the situation changes.
Buying netflix big divergence at 396Big play here on netflix, nice bull flag with big MACDH divergence on the hourly.
Looking for 412.
NFLX, Breakout Of The Triangle, Aiming For Targets In The Range!Hello Traders Investors And Community, welcome to this important analysis about the current price-action situation within NFLX, it is clearly one of the profiteers of the corona-crisis as people staying at home in the lock-down and watching netflix-series. It is a good thing to relax especially in the current crisis where there is so much time left on the hand and nothing to do. So anyway this should not be a recommendation from my side but it is a growing economic field in the current crisis which shouldn't be ignored similar to the retail business like amazon or alibaba. On the technical side, I discovered some important bullish signs which made it clear that NFLX will develop some more moves to the upside, as it is at an all-time-high-level we are looking at the weekly perspective.
As you can see marked in my chart with the blue lines netflix just broke out a major ascending triangle which you can see marked with the blue lines in my chart. Netflix saw some good volume which confirmed the overall breakout and activated the target at the 580 level marked in green. This is the overall triangle target we have in the structure and it will also be the new all-time-high. To confirm it regularly we need to confirm the upper boundary of the ascending triangle, in this range we also have support from the 50-EMA, therefore, it is building a coherent bearish confluence-cluster in this range which you can see marked with the orange box in this level.
After the triangle target has been reached which is highly possible at the moment we need to see how NFLX develops further and if we can manage to climb above the triangle target and continue with its established uptrend. When we get some serious bearish pressure signs in that level it will be a interesting consideration to open up a short in this area otherwise the overall shape in trend is still in the direction upwards. The confirmation of the triangle can be used as a good conservative entry point to aim for the overall triangle target, otherwise the more conservative approach will be after we formed another high with good volatility after the triangle confirmed.
This price-movement in NFLX which we see here is anticyclical to the vast rest of the market because we established already an all-time-high in NFLX here. As I pointed out already in recent analysis there are gainers and losers in the current crisis and when considering something on the long-side we need to search to the truffles and hidden guesses we have in the market. It makes no sense to buy something which is cyclical with the market and don't profits from the current crisis like airlines which one of the smartest investors, warren buffet just sold recently. Therefore we should not fall for the illogical speculative approach like many people these days and look for stocks with a solid fundamental and technical base like NFLX in this case.
Thanks for watching everybody, support for more market insight and all the best!
Information provided is only educational and should not be used to take action in the markets.
Netflix Identifies ResistanceWe have been watching this stock for a while during my weekly Livestreams (Fridays 4pm EST UTC-4). Last Friday, we noted that NASDAQ:NFLX has pulled back up to retest the 50% of the July Weekly Spike price action. This is happening following a long bullish recovery trend up to the MAJOR Weekly 50% Retracement Resistance of the November 2021-May 2022 bear trend.
The price action has defined itself clearly with the July high. The risk and wrong occurs with a breach of the July high. With this in mind we can define a high risk/reward trade to at least a 3 to 1 down to 257 and possibly beyond to retest the major low from 2022.
Implied Volatility is below average which is good for options. However, this is NOT a trade that can be effectively expressed with low duration expiries even though it might be tempting due to the high cost of the stock. To express this trade one must go well into 2024 expirations or short shares.
NFLX engaged in long short competition NFLX engaged in long short competition
This chart shows the weekly candle chart of Netflix stock in the past two years. The graph overlays the bottom to top golden section of May 2022. As shown in the figure, Netflix's stock hit the strong pressure of 3.618 positions at the bottom of the chart against the golden section in mid July this year, and then fell back. In the past six weeks, it has been engaged in long short competition between the 2.618 and 3.000 positions at the bottom of the chart against the golden section! For a period of time in the future, just use the 2.618 level of the golden section at the bottom of the graph to determine the strength of the Naifei stock's long short divide!
NFLX offers 15% - 20% ROI near termNetflix Inc. (NFLX) presently approaching meaningful support, able to contain weekly perhaps monthly selling pressures.
From here, (NFLX) can continue higher to notable resistance, eliciting gains of 15% over the following 1 - 2 months, and gains of 20 - 30% over the following 6 - 8 months.
Inversely, closing below support on a weekly basis would put (NFLX) into a sell signal where losses of 20% would be expected over the following 2 - 3 months.
AAPL - Rising Trend Channel [MID-TERM]🔹Breakdown support of rising trend channel in the medium long term.
🔹Target price of 193 was achieved after a breakout the Inverse Head and Shoulders formation.
🔹Support at 174 may indicate a POSITIVE reaction, while a break below this level indicates a NEGATIVE signal.
🔹 Technically slightly POSITIVE for the medium long term.
Chart Pattern:
🔹DT - Double Top | BEARISH | 🔴
🔹DB - Double Bottom | BULLISH | 🟢
🔹HNS - Head & Shoulder | BEARISH | 🔴
🔹REC - Rectangle | 🔵
🔹iHNS - inverse head & Shoulder | BULLISH | 🟢
Verify it first and believe later.
WavePoint ❤️
Netflix to breakdown?Netflix - 30d expiry - We look to Sell a break of 410.77 (stop at 430.77)
We are trading at overbought extremes.
485 has been pivotal.
Prices have reacted from 485.
Short term bias has turned negative.
Short term momentum is bearish. 411.50 has been pivotal.
A break of the recent low at 411.50 should result in a further move lower.
The bias is to break to the downside.
Our profit targets will be 360.77 and 350.77
Resistance: 430.00 / 445.00 / 455.00
Support: 411.50 / 390.00 / 370.00
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