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4NFLX trade ideas

Netflix Staggers as the Nasdaq SoarsThe Nasdaq-100 hit a nine-month high yesterday, but one prominent name has been left behind: Netflix. The first pattern on today’s chart is the series of lower highs since early February. (Marked with white arrows.) This demonstrates a lack of relative strength when compared to the broader index. Second, consider the closing lows of February 10 and April 12. NFLX subsequently rebounded to both levels but failed to hold. Has old support become new resistance? Third, the stock has been unable to recover from a bearish price gap following its last quarterly report on April 18. Next, it just completed an inside week barely positive. Such tight price action may suggest it’s getting ready to move. Finally, the lower study includes our 2 MA Ratio custom script. It recently turned red, meaning the 8-day exponential moving average (EMA) has dipped below the 21-day EMA. That’s a potential sign of a bearish short-term trend. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
NASDAQ:NFLX
by TradeStation
NFLX daily chart neutral bias.A couple levels I'm watching for this week. Looking bearish on the daily rejecting off the 21EMA with a long wick after earnings miss and the EMAS are about to cross. However, on the weekly chart we have a hammer candle with a nice wick down to the 21EMA and bounce back up to the 9EMA. Will be looking to play this either way. 319 is a big support zone to watch, a break could lead to a retest of the lower trendline around 300 level. ALSO watching 331 resistance level to play off of. Break of this level could lead to a retest of the upper flag trendline 340 area.
NASDAQ:NFLX
by MIGHTYMIKEE
NFLX - uptrend NFLX fell 77% from it's peak before finding bottom @ 162.71 on 12 May 2022. It began to trade sideways for the next few months until it propelled out of this range on 20 July after earnings beat. After this, it again traded sideways in this new higher range for the next 3 months until another earnings beat on 19 October that finally propelled it above a rather significant neckline @ 251. 1 week+ after the breakup. it began a steep pullback that brought it all the way back to the neckline before rebounding strongly from there. By now, it is clear that NFLX has turned the corner and is in fact now above it's 200 day MA (potential Golden Cross on the horizon). Buy the dips going forward and trail protective stops up accordingly. Expect some resistence as it approach a major gap fill @322 area. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NASDAQ:NFLXLong
by Juliac
$NFLX - Supply & Demand SetupTextbook S&D setup. 1. Aggressive sell off back in April 2022 giving away the sellers' presence at the highlighted price threshold. 2. The price retraces with slower momentum back to the supply area previously identified. 3. No trigger yet, but if you pull the lower time frames you'll see that the uptrending structure verified since July 2022 is now seeing steeper swing lows, failing to make higher swing highs and a break a close below the current swing low would be a trigger to look for as the greenlight for a bearish trade. Remember that despite the slight edge that price action analysis confers, at the end of the day, reality is too complex to fit in this or in any other box. Therefore anything can happen tomorrow. Therefore you need to focus first, and foremost in managing risk. Cheers, Tenacious Tribe - Backtested Trading Strategies & Studies
NASDAQ:NFLXShort
by ruben_rodrigues
Netflix - Where to Post-Earnings?I postulated the possibility of a large drawdown in Netflix in my last post below (with a mathematical price target) and believe the probability for this event has increased post-earnings as it did not gap-up or move substantially higher. Invalidation of the Inverse Cup & Handle / arguably a Head & Shoulders would occur for me with the stock trading above April 4th's high (349.80). Note the stock printed a daily hammer candle after the plunge this morning and could see a bounce before further resuming to the downside. A better short entry would be on the upside gap fill during a bounce in the next few trading days. (No Position Currently) 04/17 Distribution occurring going in to earnings. Inverse Cup & Handle (1 could make a case for a head & shoulders). ~290 neckline. 369 conservative top of the cup. 369-290 = 70. 290-70 = 220 IC&H target. No position. I do not recommend gambling on an earnings direction as this stock is highly volatile. This is strictly an exercise in charting. Earnings could either immediately invalidate this structure with a massive gap-up over the high of the handle or accelerate its validation with a miss or poor outlook.
NASDAQ:NFLXShort
by EquityCast
Netflix dumps and pumps after earningsYesterday, after the market close, Netflix reported its earnings for the 1st quarter of 2023. The tech giant missed analysts’ expectations, resulting in a quick and sharp selloff of nearly 12%. However, this move lasted only three minutes before the price started reversing to the upside. Within the next hour, shares erased all of their early losses. The company posted $1.305 billion in net income, showing a decline of 18.3% YoY (in 4Q22, Netflix reported a net income of only $55.284 million). Revenue stood at $8.161 billion, up approximately 3.7% YoY and 4% QoQ. Operating income fell by 13% YoY. In addition to that, the average paid memberships rose by 4% YoY, with the company reaching 232.50 million global streaming paid memberships. In 1Q23, Netflix launched paid sharing in four countries, and in the second quarter of 2023, the company plans to expand this service into more countries, including the USA. Furthermore, Netflix seeks to improve its revenue from advertisements and currency operations. For 2Q23, Netflix forecasts revenue of $8.2 billion, representing a 3% increase YoY. The company also expects to return $1.6 billion in operating income for the same period. Netflix shares are up approximately 105% since their low in May 2022 and about 16.5% year-to-date. Other important information The company’s operating income declined for four consecutive months in 2022 - 1.972$ billion in 1Q22, 1.578$ billion in 2Q22, 1.533$ billion in 3Q22, and 550$ million in 4Q22. The same applies to the net income in 2022 - 1.597$ in 1Q22, 1.441$ billion in 2Q22, 1.398$ billion in 3Q22, and 55$ million in 4Q22. In the first quarter of 2023, Netflix saw a significant rebound in both of these metrics. Illustration 1.01 Illustration 1.01 portrays the 1-minute chart of Netflix stock. The yellow arrow indicates market close, which coincided with the release of the company’s financial results. Within the first three minutes following the announcement, shares dropped nearly 12% before erasing all losses. Illustration 1.02 Illustration 1.02 displays the daily chart of Netflix stock. Yellow arrows indicate previous earnings, which were accompanied by a similar negative reaction in the price of shares. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
NASDAQ:NFLX
by Tradersweekly