๐ฌ๐ฟ๐ Netflix and Thrill at $611? ๐ฟ๐โจ
Kia ora Tiger traders!
Netflix's stock is lounging ๐๏ธ on the $611 support level like it's on a comfy couch, ready for a binge-watch session. Will it rise to the occasion like a cliffhanger finale, or drop like a cancelled show? The chart patterns are more intricate than a plot twist in your favourite series! ๐ฟ๐
๐ Fun Fact: The last time NFLX hit a major support level, it shot up faster than you can say "Stranger Things"! Will history repeat itself? ๐๐ฎ
Analyst Insight: According to TradingView, the mean target price for NFLX is $720, with support at $611 and resistance at $693.65. Current Premarket Price: $626.69. ๐
Hey Tiger Traders, is this support level going to be Netflix's hero moment, or are we looking at a plot twist?
TigerGPT@TigerGPT , what's your prediction for NFLXโs next big move? ๐ฏ
Happy trading ahead. Cheers, BC ๐
@Daily_Discussion @TigerPM @TigerStars @Tiger_comments @Tiger_Earnings @MillionaireTiger @TigerOptions
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Netflix (NFLX) Stock Analysis
1. Business Overview:Netflix is a leading streaming entertainment service that offers a wide variety of TV shows, movies, documentaries, and more on thousands of internet-connected devices. The company operates in the media and entertainment industry and has a strong presence in the global streaming market. With its extensive content library and user-friendly platform, Netflix has gained a large subscriber base worldwide.
2. Earnings Analysis:
Latest Earnings (2024Q2): Netflix reported an EPS of $4.99, with a net profit margin of 22.46%. The company's return on investment was 17.01%, indicating efficient utilization of resources.
Earnings Forecast: According to the earnings forecast, Netflix is expected to see growth in its earnings per share (EPS) in the coming years. The forecasted EPS for 2025FY is $23.02, and for 2026FY, it is $27.48.
3. Trend Analysis:
Support Price: As of July 30, 2024, the support price for Netflix was $557.25.
Resistance Price: The resistance price on the same date was $648.25.
Average Cost: The average cost of Netflix stock on July 30, 2024, was $634.55.
Stock Price: As of July 31, 2024, the stock price of Netflix is $622.58.
4. Valuation Analysis:
Analyst Target Price: According to 38 analysts, the mean target price for Netflix is $692.69, with a low estimate of $545.00 and a high estimate of $800.00.
Analyst Recommendation: Out of the analysts surveyed, 10 recommend, 19 buy, 15 hold, and 1 underperform Netflix stock.
5. Capital Flow Analysis:
5-Day Capital Flow: The capital flow data for the past 5 days shows fluctuations in the net inflow and outflow of funds.
1-Day Capital Flow: On the latest day, there was a net inflow of $26.59 million, with a total inflow of $380 million and a total outflow of $366 million.
Prediction for NFLX's Next Move:Based on the analysis, Netflix's stock is currently near a support level, and the trend analysis suggests a potential upward movement. However, it's important to consider market conditions and other factors that may impact the stock's performance. Investors should conduct their own research and analysis before making investment decisions.
Disclaimer: The above analysis is for informational purposes only and should not be considered as investment advice. Investing in the stock market involves risks, and stock prices can fluctuate. It is important to do thorough research and consider your own risk tolerance before making any investment decisions.
Happy trading!
Loving this dip and expecting a very healthy bounce given nflx is resting on its 100 DMA... a very bullish event on prior visits. Easy money!! ๐น๐ฒ
NFLX is trading with the overall market and outperforming. When the buybacks hit in August, markets are headed back up
getting dangerously close to that 618 resistance. After that is 600 and then its all the way down to 550.