Netflix : Elliott Wave Analysis 🌊 In the aftermath of Netflix's Earnings Call, witness a remarkable 7% surge in after-hours trading!
The intricate chart unfolds the completion of the initial cycle in July 2020, marked by an expanded Flat and Wave II concluding around $165. Embarking on a new Wave (1), the chart showcases an engaging 5-wave structure to the upside.
Upon our analysis, the low of Wave 4 hints at an impulsive rise for Wave ((iii)), targeting a range between 227% and 361%. Anticipating stabilization around $575, the narrative continues with the formation of Wave ((iv)), paving the way for the final ascent of Wave 5. This strategic sequence defines the overarching Wave (1), setting the stage for a robust sell-off in Wave (2) before the next surge of streaming momentum. 🚀🎥
NFLX trade ideas
Uninspiring Technical Patterns Ahead of NFLX EarningsLike many others, NASDAQ:NFLX has shifted to a wide sideways trend ahead of its earnings report today after the close. There is no pre-earnings run here. Current volume and price trend are not patterns that inspire a good earnings surprise.
HFTs are always watching news ahead of open on high-profile stocks to get ahead of retail market orders. A gap is likely at tomorrow's open.
Netflix Makes a Power Move with $5 Billion WWE Raw DealNetflix ( NASDAQ:NFLX ) has made a bold move into the world of live events with a more than $5 billion deal to exclusively stream WWE Raw starting from January 2025. The 10-year partnership extends its reach to the U.S., Canada, Britain, Latin America, and other territories, marking a significant shift for the streaming giant. This transformative deal not only signifies Netflix's commitment to diversifying its content but also highlights its growing interest in the booming world of live sports and events.
The WWE Raw Deal:
Netflix's acquisition of the exclusive rights to WWE Raw is a strategic move that adds a new dimension to its content portfolio. This partnership goes beyond just one show; it includes the exclusive telecast rights for all WWE shows and specials outside the U.S., encompassing popular events like SmackDown and pay-per-view extravaganzas such as WrestleMania and Royal Rumble. The deal has sent shockwaves through the entertainment industry, with TKO Group Holdings, WWE's parent firm, experiencing a 21% surge in early trading.
The Global Impact:
Netflix's ( NASDAQ:NFLX ) reach is truly global, and this deal further solidifies its position as a dominant force in the streaming world. With exclusive streaming rights in key markets like the U.S., Canada, Britain, and Latin America, the company is set to captivate millions of wrestling fans around the world. The international appeal of WWE, combined with Netflix's extensive subscriber base, creates a win-win scenario for both parties involved.
A Strategic Bet on Live Events:
Netflix's $5 billion bet on WWE Raw marks a strategic shift towards live events, a realm it previously approached with caution. The streaming giant has experimented with live content in the past, facing both successes and challenges. The acquisition of WWE Raw, a live weekly show with a massive fan following, demonstrates Netflix's commitment to offering diverse, engaging, and time-sensitive content. This move aligns with the company's vision to become the go-to platform not only for on-demand streaming but also for captivating live experiences.
Netflix's Evolution in Sports Programming:
While Netflix ( NASDAQ:NFLX ) has long maintained that it is "in the sports business" focused on the drama of sport rather than live games, recent endeavors suggest a change in strategy. The success of sports-related programming, such as the Formula 1 racing documentary series "Drive to Survive" and the golf documentary series "Full Swing," paved the way for Netflix's entry into live sports events. The company's foray into hosting events like "The Netflix Cup" and comedian Chris Rock's live stand-up special indicates a shift towards embracing the thrill of live entertainment.
The Future Outlook:
The 10-year partnership with WWE Raw is just the beginning, as Netflix retains an option to extend the deal for another decade. This long-term commitment underscores Netflix's confidence in the potential of live events to attract and retain subscribers. As the streaming landscape continues to evolve, this move positions Netflix as a frontrunner in shaping the future of entertainment consumption.
Conclusion:
Netflix's $5 billion deal for the exclusive rights to WWE Raw is a strategic masterstroke that propels the streaming giant into the world of live events. The transformative nature of this partnership not only signifies a shift in Netflix's content strategy but also highlights the ever-expanding boundaries of the streaming industry. As Netflix ( NASDAQ:NFLX ) continues to evolve, this deal sets the stage for a new era of entertainment, where the lines between traditional broadcasting and streaming platforms blur, creating an exciting and dynamic landscape for both content creators and consumers alike.
Double Negative Divergence for Netflix Ahead of EarningsNetflix (ticker NFLX) is scheduled to report quarterly earnings following the US market close today. The EPS estimate is down from $3.49 to $2.20. According to the company, new subscribers are anticipated to have increased by around 8.5 million, similar to the previous quarter.
Most will be already aware that the streaming video giant also recently implemented a global crackdown on password sharing, which affected many, to say the least. More recently, Netflix struck a deal with WWE Raw, which will be moving over to Netflix in January 2025 as part of a 10-year TV rights deal. Undoubtedly, this will expand the reach of the WWE and Netflix.
From a technical standpoint ahead of the earnings print, the stock is currently pencilling in a double negative divergence pattern out of the Relative Strength Index (RSI) at resistance on the daily timeframe from $492.85. There is no denying that upside momentum has slowed for the stock since late September, but at the same time, bulls remain at the wheel, recently refreshing multi-year highs. Therefore, at least on the daily scale, we are still in an uptrend and a breakout higher could be on the table.
Should a sharp move emerge to the downside, daily support calls for attention at $445.25, while should the unit breakout to the upside, this may have bulls aim for daily resistance coming in from $511.74.
NETFLIX Will the stream giant correct after the Earnings?Netflix (NFLX) is reporting Earnings today and what we see from the past 4 weeks that has been unable to make new Highs, it might be pricing a peak. That peak might be a technical Higher High formation on the 1.5 year Channel Up, which is the Earnings disappoint, can initiate a medium-term correction towards the 1W MA200 (orange trend-line) and 1W MA50 (blue trend-line) Support Zone.
The technical confirmation for a sell will most likely be a 1W candle closing below the 1D MA50 (red trend-line), which has been the standard support of uptrends within the Channel Up. In addition to that, we will be expecting to see the 1W MACD form a Bearish Cross. On that signal, we will target 425.00.
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Netflix grows its subscriber count (23/01/2024)According to Netflix Inc.'s report , the company boasts 250 million paid subscribers worldwide. In Q3 2023, Netflix attracted nearly 8.8 million new customers, setting a record since 2020. The company aims to achieve the same results in Q4 2023. Moreover, its management intends to sustain such strong audience growth rates long-term. All this will allow Netflix to maintain its leading position in the industry.
So, today, we will examine the Netflix Inc (NASDAQ: NFLX) stock chart.
On the D1 timeframe, resistance has formed at 496.14, with support at 464.76. If quotes consolidate at 482.00, the upward trend may continue, and the price of the issuer's stock may reach its historical maximum.
On the H1 timeframe, a rebound from the 482.00 level could set a short-term target for a price increase at 496.14, while in the medium term, it could hover around 520.00.
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$NFLX Implied move for Earnings TomorrowNASDAQ:NFLX Implied move for Earnings Tomorrow
Alright, y’all… it’s earnings season. Netflix is reporting tomorrow.
This is not an analysis - simply the implied move for earnings tomorrow…. Between 444 and 526 , and that is a read from options. I’m not trading netflix tomorrow but I am looking at taking some trades further into earnings and I like to track what’s happening.
GL y'all
Decide: Buy or Sell - Netflix vs. Tesla EarningsSome analysts anticipate that Netflix's stock could reach a new 52-week high above $500 per share following the release of its fourth-quarter earnings report this Tuesday. The $506 mark is considered a target, representing the price it fell to at the beginning of 2022.
Positive sentiment towards Netflix has grown as profit estimates have been revised upward 17 times since the last earnings report. The company's revenue is expected to increase by 11% annually to $8.71 billion, driven by the introduction of a new, lower-cost, ad-supported basic subscription tier and efforts to combat illegal password-sharing.
If the forecasted revenue materializes, it will mark the highest quarterly sales total in Netflix's 17-year history, representing an 11% increase from the previous period to $8.7 billion.
However, this quarter's earnings might not live up to the company’s last earnings call, which generated a ~15% bump.
Meanwhile, Tesla's fourth-quarter update, scheduled for release on Wednesday after the close, may have a different trajectory. Tesla shares declined by 4.4% after the last earnings report, experiencing their third consecutive earnings-reaction-day selloff.
A fourth occurrence is possible, although it's also possible that the bottom is in. It will likely come down to whether investors are disappointed in their forward guidance for the first quarter of 2024
Tesla's margins are expected to face pressure due to its ongoing price-slashing strategy in recent quarters. However, this might already be factored into the current stock price.
TSLA has shown a pattern of lower highs and lower lows since the peak in July 2023, and it remains to be seen if support will materialize at its support levels of $200 and $194.
NFLX / 1H / TECHNICAL ANALYSIS NASDAQ:NFLX I expect a bullish movement towards the 518 level if the resistance zone at the 503 level is breached and there are candlestick closures. Our support level is at 461.
Like and comment if you find value in our analysis.
Feel free to post your ideas and questions at the comments section.
Good luck
Netflix,Inc. (symbol ‘NFLX’)
Shares of Netflix, Inc. (symbol ‘NFLX’) had an exponential growth in the last quarter fo the year and managed to rise by around 30%. The company’s earnings report for the fiscal quarter ending December 2023 is expected to be released on Tuesday 23rd of January, after market close. The consensus EPS is $2.20, against $0.12 of the same quarter last year.
‘ The company’s net income managed to increase by around 20% year over year and had steady growth in all the consecutive quarters of 2023. As of 30/09/2023 the total assets outweigh total liabilities at a ratio of almost 2:1 while the debt of the company just slightly increased by 0.09% year over year but still makes up almost half of the total liabilities. The company also has a decent current ratio which stands at 129% meaning that it has the ability to repay its short term liabilities with the current assets in possession. ‘ said Antreas Themistokleous, trading specialist at Exness.
From the technical analysis perspective the price has been trading with relatively steady bullish momentum throughout the majority of the quarter making consistent gains on its share. Currently the price is testing the resistance of the 61.8% of the weekly Fibonacci retracement level and seems to be correcting at the time of this report being written while facing the inside support area that price rejected in mid December. If this is temporary and the price continues its upward momentum then the area of $500 might be the next area of possible resistance since it is the psychological resistance of the round number as well as the previous high that currently acts also as a resistance.
Selling resumed Today in NFLX/ NetflixIt is profit booking for sure, there is clearly a Red TrapZone and Red UMVD in place for now. So only shorts are active now for Netflix.
TrapZone and UMV combined together are complete automated technical analysis indicator package. You get to clearly see in Realtime the market trend strength and volume confirmation.
NFLX AnalysisPrice did not play out as expected and rallied +3.82% from my last analysis. I was expecting a bearish retracement into the bullish order block at 460.50 or 418.84. However, right now price is showing bearish momentum with increased volume, which happened after taking buy-side liquidity above 500.89. From here, I'm expecting price to make a bearish retracement, potentially back into the bullish order block at 460.50.
NFLX WHAT'S NEXT!Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
What's next for NFLX.
Price is still overall bullish from a long-term perspective, and price is still trading inside this rising flat channel.
Meanwhile, price is sitting around a massive resistance zone, and for the bears to take over, we need a break below the marked major swing low, then a movement lower would be expected till the lower rising trendline lining up with a strong support zone,
Then as the price will be approaching our lower zone, then we will be looking for a trend-following buy setups.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
Netflix's Legal Triumph and Ad-Driven Ascension
In a recent legal showdown, streaming giant Netflix emerged victorious in a California federal court, successfully defeating a shareholder lawsuit that accused the company of concealing the impact of account-sharing on its growth trajectory. The lawsuit, filed by a Texas-based investment trust in May 2022, sought damages for investors who purchased Netflix shares between January 2021 and April 2022. Despite the significant blow to the stock value and a subsequent drop in subscribers, U.S. District Judge Jon Tigar ruled that the plaintiffs failed to provide evidence supporting their claims.
Legal Victory and Investor Response:
The judge's decision, delivered on Friday, underscores the importance of substantiated claims in legal battles. While Netflix shares initially faced a downturn, losing a third of their value, the ruling has provided a reprieve for the streaming giant. The door, however, remains open for the investors to refile the lawsuit if they can bolster their claims with additional facts.
Netflix's Stock Rollercoaster:
The legal victory is just one chapter in Netflix's rollercoaster journey in the stock market. Between January and April 2022, the company's shares experienced a drastic decline of around 50%. The drop was triggered by revelations that account-sharing and increased competition had hindered new subscriptions. Former CEO Reed Hastings attributed some of the challenges to the complexities of interpreting subscription trends amid the ongoing COVID-19 pandemic.
Ad-Supported Triumph:
Amidst the stock market turbulence, Netflix is finding success in an unexpected corner—the ad-supported realm. Recent reports indicate that Netflix's ad-based plan has surged, surpassing 23 million global monthly active users. This substantial growth, revealed by President of Advertising Amy Reinhard at the Variety Entertainment Summit at CES 2024, marks a notable increase from the reported 15 million users just over two months ago.
Engaging the Audience:
Reinhard emphasized the robust engagement levels among users on ad-supported plans, with a staggering 85% streaming on the platform for more than two hours daily. This data suggests that the ad-supported model is resonating well with Netflix's audience, providing a fresh perspective on the evolving dynamics of streaming preferences.
Pricing Strategy and Market Penetration:
Netflix's pricing strategy for its ad-supported plan is noteworthy, with the Basic With Ads plan priced at $6.99 per month in the United States—less than half the cost of the Standard plan at $15.49 per month. This strategic pricing could be a key factor in attracting a broader audience to the ad-supported tier, as ad-tier subscriptions reportedly account for approximately 30% of all new signups in the 12 countries where the platform has been launched.
Microsoft Partnership and Technological Advancements:
Netflix's success in the ad-supported arena is further amplified by its ad-tech deal with Microsoft. The partnership designates Microsoft as Netflix's global advertising technology and sales partner, playing a pivotal role in the triumph of Netflix's advertising strategy and technology infrastructure.
Conclusion:
As Netflix navigates legal challenges and charts a new course in the ad-supported landscape, the streaming giant continues to demonstrate resilience and innovation. The legal victory provides a foundation for future endeavors, while the surge in ad-supported subscriptions showcases Netflix's adaptability in meeting evolving consumer demands. The company's strategic pricing, coupled with a robust technological infrastructure, positions it for continued success in an ever-changing streaming landscape.
NETFLIX: This rebound isn't a buy opportunity.NFLX is staging a rebound on the 1D MA50 on a marginally bullish 1D technical outlook (RSI = 56.295, MACD = 4.710, ADX = 36.125). We don't consider this a buy opportunity as even if a slightly HH is made, the 1D RSI is showing a Bearish Divergence on a Channel Down, the same kind of bearish pattern that started the bearish waves in the two HH prior. Consequeantly we expect a pullback to at least the bottom of the Channel Up (dashed) or the HL trendline (which will be -25.25% from the top) depending on when the 1D RSI crosses under the 30.000 level (oversold), which was the buy trigger on the last two bottom opportunities. We have a long term TP = 550.00.
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Looking for a serious trader who knows how to code. One single alignment happened exactly the same on these stocks at these points
I know now to trade, dont know how to code
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I have other techniques tha beat every money manger ib the country.
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