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NFLX trade ideas

Could Netflix (NITFLIX) keep Falling ?Hello Everyone, Today, I've spotted a very compelling signal to short on Netflix (NFLX). I previously mentioned that this stock was likely to decline, and now it appears that it could continue falling for three reasons: 1) The market Broke the Trendline with significant Volume. 2) Right after the break, the market retraced to the trendline, which we call a 'PULLBACK,' and then continued its downward movement with significant momentum. 3) What encourages me the most to set a target of $316 is the Fibonacci extension levels. These levels are reasonable, as you can see on the chart, and the 1.618 level is an optimal target to consider for taking profits. I hope you've enjoyed reading my analysis of Netflix stock. If you find my insights beneficial, please hit the like and follow buttons for more ideas.
NASDAQ:NFLXShort
by Abdessamadibrouri
NFLX earnings watchNFLX earnings are on Wednesday 7/19/23 at 4pm. Netflix (NFLX) reported Q1 March 2023 earnings of 2.88 per share on revenue of 8.2 billion. The consensus earnings estimate was 2.83 per share on revenue of 8.2 billion. Revenue grew 3.7% on a year-over-year basis. The company said in its shareholders letter it expects second quarter earnings of approximately 2.84 per share for the quarter ending June 30, 2023. NFLX Q2 June 2023 Consensus: EPS = 2.82 Revenue = 8.27 B PE = 47.5 NFLX earnings recap since 2022: 1/20/22 = (- 110) 4/19/22 = (-82) 7/19/22 = +14 10/18/22 = +11 1/19/23 = +13 4/18/23 = +1 NFLX VWMA levels: VWMA20 = 435 VWMA50 = 399 VWMA100 = 359 VWMA200 = 318 NFLX options data: 7/21 expiry Put Volume Total 30,928 Call Volume Total 45,847 Put/Call Volume Ratio 0.67 Put Open Interest Total 124,823 Call Open Interest Total 121,902 Put/Call Open Interest Ratio 1.02 8/18 expiry Put Volume Total 5,613 Call Volume Total 7,508 Put/Call Volume Ratio 0.75 Put Open Interest Total 25,430 Call Open Interest Total 32,265 Put/Call Open Interest Ratio 0.79 9/15 expiry Put Volume Total 2,769 Call Volume Total 2,525 Put/Call Volume Ratio 1.10 Put Open Interest Total 47,611 Call Open Interest Total 44,274 Put/Call Open Interest Ratio 1.08
NASDAQ:NFLX
by Options360
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: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:NFLXLong
by InvestingScope
1
NFLX Analysis: Changes in Management, Price at MinimumYesterday, the NFLX share price dropped below USD 370, the lowest since late May of this year, and about -22% from the July peak. Note that on July 6, we wrote that the NFLX stock price could meet resistance at USD 450 per share, and the signals from the chart gave bearish warnings. Just since July, the stock price began to perform worse than the broad S&P 500 market index. Perhaps the company knows better about the reasons for the emerging negative dynamics and is making changes in management. This week it became known about the appointment of Amy Reinhard to the post of president of the company's advertising business. New product directors and technical directors were also appointed. Will new executives help the stock return to its upward trajectory? Bearish arguments: → a long upper shadow on the October 3 candle may indicate the strength of sellers in the stock market; → Thursday’s bearish candle may become an element of a breakout of the long-term channel (shown in blue); → pressure on the price of NFLX shares may be exerted by a negative trend in the stock market due to the tough policy of the Federal Reserve. Bullish arguments: → a breakdown of the lower border of the ascending channel may turn out to be false; → support may come from the level of USD 370, which previously had an impact on the price. The approaching earnings season may have a strong impact on the price. Already on October 18, we will learn the results of NFLX for the past quarter. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
NASDAQ:NFLX
by FXOpen
Netflix's Bullish Trend Ending: Traders, Prepare for Downtrend!Hi Realistic Traders. Here's my price action analysis on Netflix In our close examination of NFLX, the streaming titan, a compelling narrative unfolds. Initially, a double-top pattern emerged between July 2020 and January 2022, followed by a significant breakout from the neckline. This breakout confirmed a bearish reversal, resulting in a remarkable 70% decline from its peak. However, the plot deepens. NFLX recently revisited its double-top pattern's neckline while concurrently crafting a channel chart pattern. Adding to the intrigue, NFLX struggled to regain its former heights and descended below both the lower trendline and the dynamic support line, a classic sign of a sustained bearish trajectory. Not to be overlooked, the Stochastic indicator chimed in with a bearish divergence, providing further validation for the impending downward movement. Our target price? Set conservatively at under $300. Traders, prepare for a captivating journey ahead! It is essential to note that the analysis will no longer hold validity once the target/resistance area is reached. Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below! Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on NASDAQ:NFLX ."
NASDAQ:NFLXShort
by financialfreedomgoals101
4
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. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:NFLXLong
by TradingShot
(NFLX) – Bullish Signal: Bullish Signal: Break and Retest at 200Analysis: Break and Retest Pattern: The chart clearly shows that NFLX recently broke above a significant resistance level, indicating a potential shift in the trend. This break is marked as a bullish signal. 200-Day SMA Support: As NFLX retraced after the breakout, it approached the 200-Day SMA, a widely watched long-term trend indicator. The 200-Day SMA has historically acted as a strong support level. This retest of the 200-day SMA serves as a critical point of interest. Bullish Scenario: If NFLX successfully holds above the 200-day SMA support level following the retest, it could signify a continuation of the bullish trend. This could attract more buyers, potentially driving the stock price higher.
NASDAQ:NFLXLong
by worldlyLion32760
2
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NASDAQ:NFLXEducation
by alborzam
4
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
NASDAQ:NFLX
by VincePrince
41