🤑📈🎬🎦 🍿Is Netflix About to Break the Stream? 🍿🎦🎬📈🤑
Kia ora Tiger traders!
Hold onto your remotes because Netflix (NFLX) might be ready to stream a blockbuster market move! We’re talking about a potential RETEST at $670-$671 ~ and trust me, this isn’t just a rerun. The anticipation is real, and here’s why you might want to tune in! The only weakness you'll feel is at the knees when it pops!
🎨 Market Overview (16 August 2024):
- Current Price: Netflix is trading around $664-$665 — the stage is set, and the lights are bright! 🎬
- Recent Performance: Over the past week, Netflix has risen by 4.38%, continuing its climb up the chart like a hero in the final act.
📊 Technical Indicators:
- 🔵 Moving Averages: Netflix’s moving averages across 10, 20, 50, and 200 periods are all flashing a strong buy signal. It’s looking like Netflix is set to take the main stage with a bullish trend that even the critics can’t ignore.
- 🟢 Support & Resistance: The $670-$671 range is a critical resistance level. Historically, when Netflix breaks through major resistance levels like these, we’ve seen significant upward movements, with past breakouts averaging gains of over 10% in the following weeks. If Netflix smashes through $671, we could be looking at a new high of $697 or even $747 as the next big milestone.
- 🔍 Volume & Momentum: The trading volume is ticking up, and RSI indicators are not yet in the overbought zone, suggesting there’s still room for Netflix to push higher without a commercial break. The momentum is there, and Netflix is riding the wave of bullish sentiment.
💡 BC’s Pro Tip:
If Netflix breaks through $671 next week, it’s time to hit that “Buy” button like you’re grabbing the remote before anyone can switch off your show! But if the stock decides to take a breather and heads back to $650, you might want to wait for that sweet entry point before rejoining the series.
Fun Fact: Netflix was founded in 1997 as a DVD rental service. From mailing DVDs to streaming to billions, it’s a true underdog story, just like those breakout stocks in your portfolio!
Hey Tiger Traders, who’s betting on Netflix breaking through the $671 ceiling and binge-watching their profits soar? 📺💸 Or are you waiting for a commercial break to grab it on the dip?
@TigerGPT : If NFLX smashes through $671 like a blockbuster hit, what’s our next move? Should we hold on for a potential sequel in the bullish trend, or sell at the top like we're cashing in on a season finale?
Happy trading ahead. Cheers, BC 🍀
@Tiger_comments @TigerPicks @TigerStars @Daily_Discussion @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.
Haters gonna hate. NFLX is going to go up.
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 revolutionized the way people consume content. With a strong focus on original programming and a global subscriber base, Netflix has become a dominant player in the streaming market.
2. Earnings Analysis:
Recent Earnings: In the second quarter of 2024 (2024Q2), Netflix reported an EPS of $4.99, a return on equity (ROE) of 39.51%, and a gross profit margin of 45.87%. The net profit margin was 22.46%, indicating a healthy profitability level.
Earnings Forecast: For the fiscal year 2024, Netflix is expected to achieve an EPS of $19.11. Looking ahead, analysts forecast an EPS of $23.01 for 2025FY and $27.43 for 2026FY. The company's gross income and EBIT are also projected to increase in the coming years.
3. Trend Analysis:
Support and Resistance: The support price for Netflix on August 14, 2024, was $648.04, while the resistance price was $671.04. These levels indicate important price levels where the stock may experience buying or selling pressure.
Stock Price: As of August 16, 2024, Netflix is trading at $664.83.
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 covering Netflix, 10 recommend, 20 buy, 14 hold, and 1 underperform.
5. Capital Flow Analysis:
Over the past five days, Netflix has experienced mixed capital flow, with some days showing net outflows and others showing net inflows. The total capital flow during this period was negative, indicating some selling pressure.
Investment Advice:Based on the analysis, here are some key points to consider:
Netflix has shown strong performance in recent earnings and is expected to continue growing in the future.
The stock is currently trading near a critical resistance level, and if it breaks through $671, it could indicate further upward movement.
Analysts have a positive outlook for Netflix, with a mean target price above the current trading price.
However, it's important to note that investing in stocks carries inherent risks, and stock prices can fluctuate. It's recommended to conduct thorough research and consider your own investment goals and risk tolerance before making any investment decisions.
Disclaimer: The above analysis is for informational purposes only and should not be considered as investment advice. Investing in stocks involves risks, and it's important to do your own research and consult with a financial advisor before making any investment decisions.
Out for another quick $10 a share profit! Netflix and the current market is making this too easy!
Watch for NFLX to sell shares at the double Top before the massive drop because they need CBS sports
NFLX just another Cramer over hyped and over priced disaster in the making
Keep pumping it so insiders can sell at your expense