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NFLX trade ideas

Netflix Trend Prediction Amid Recent News $7 Million Donation Description: The chart presents the daily stock price movements of Netflix, Inc. (NFLX) on the NASDAQ exchange. Key technical indicators utilized in the analysis include: LuxAlgo Candlestick Structure: The chart displays a candlestick pattern structure that helps to visualize price movements over time, aiding in the identification of trends and potential reversal points. SuperTrend Indicator: The SuperTrend indicator (parameters: 10, 20, 50, 200, 4, 20) is utilized to highlight the trend direction. The indicator overlays on the price chart to show bullish or bearish trends, assisting in making buy or sell decisions. MA-Cloud: The Moving Average (MA) Cloud with parameters high 200, 0 close 200, 25 (values: 576.76, 569.80) provides a visual representation of the average price over time. This cloud serves as a support and resistance zone, indicating potential areas where the price might reverse or consolidate. Prediction: Recent news regarding the Netflix CEO donating $7 million to a political figure may influence stock movement. The technical analysis suggests the following potential scenarios: Channel Formation: The stock appears to be entering a channel pattern, with support around the MA-Cloud (576.76 - 569.80) and resistance near recent highs around 692.65. This indicates that the stock might trade sideways within this range as investors digest the news. Downward Pressure: Given the recent news, there might be negative sentiment impacting the stock. If the price breaks below the support zone provided by the MA-Cloud, it could signal a bearish trend and potential further decline. In summary, while the technical indicators show a potential channel pattern for NFLX, the recent news could exert downward pressure. Investors should monitor the support and resistance levels closely and be prepared for potential volatility.
NASDAQ:NFLX
by TGood42
Analyzing Netflix’s Chart After EarningsStreaming giant Netflix NASDAQ:NFLX beat Wall Street’s consensus view on both top- and bottom-line Q2 results last week –- but the stock fell 1.5% the next day anyway. What might technical analysis tell us about where the stock goes from here? As a reminder, Netflix reported a week ago Thursday after the bell that it earned $4.88 per fully diluted share during Q2 on $9.56 billion of revenue, beating the consensus $4.74 EPS and $9.53 billion in sales that analysts had expected. The company’s 8.05 million in additional global paid memberships also surprised analysts in a good way, while management’s bottom-line guidance of about $5.10 in GAAP earnings per share for Q3 crushed the $4.74 or so that the Street was looking for. (The company’s $9.73 billion of Q3 top-line guidance came in a little shy of what analysts had expected.) Looking at a regression model of Netflix’s recent chart, readers will see that the stock has been in an ascending price channel since May 2022, as represented by the blue and pink shaded areas in the graph below: That ascending channel is more than two years old now, which brings to mind two famous Wall Street sayings: “The Trend Is Your Friend” and “The Trend Is Not Broken Until It Breaks.” Netflix’s Potential Support and Resistance Levels Now, let’s zoom into Netflix’s chart for the November 2023-July 2024 period, which more clearly shows the stock’s recent price action (as denoted by the line of green and red bars in the chart below): We can see at the right side of the chart that NFLX is fighting to stay above the stock’s 50-Day Simple Moving Average (as denoted by the blue line above). Now, that line has been pierced, but as long as the daily range maintains contact, the 50-Day SMA has not been actually been broken as far as technical analysis is concerned. However, should Netflix fail to hold its 50-day SMA line as support, there isn’t much in the way of help technically for a long way down. The stock’s 200-Day Simple Moving Average (the red line above) and the 23.6% Fibonacci retracement of Netflix’s entire rally (the purple line) are both about $100 below the stock’s July 24 price action. Conversely, the pivot to the upside -– Netflix’s $697 early July high -- is fairly far away from the stock’s July 24 close as well. In other words, Netflix would have to move up or down pretty significantly to hit one of these lines and change its technical picture. In the meantime, one might consider trading the stock shorter-term around its 50-Day Simple Moving Average and its rapidly descending 21-day Exponential Moving Average (denoted by the green line above). This presentation discusses technical analysis, other approaches, including fundamental analysis, may offer very different views. The examples provided are for illustrative purposes only and are not intended to be reflective of the results you can expect to achieve. Specific security charts used are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty as to its adequacy, completeness, accuracy or timeline for any particular purpose of the above content. Moomoo is a financial information and trading app offered by Moomoo Technologies Inc. In the U.S., investment products and services on Moomoo are offered by Moomoo Financial Inc., Member FINRA/SIPC. TradingView is an independent third party not affiliated with Moomoo Financial Inc., Moomoo Technologies Inc., or its affiliates. Moomoo Financial Inc. and its affiliates do not endorse, represent or warrant the completeness and accuracy of the data and information available on the TradingView platform and are not responsible for any services provided by the third party platform.
NASDAQ:NFLX
by moomoo
1
$NFLX it was fun wall it lastedNASDAQ:NFLX while it's been a nice 300% gain over the last year 2 years, I think the trend is starting to reverse. If you look at the chart, you'll see that we've formed a double top. You'll also see the price has held the trend line fairly well on the way up. Now we've rejected it twice and I think that price is heading much lower from here. I think we're likely to see new lows by end of year. We've seen 3 touches on the support at $163, which leads me to believe that if price can retest that level, we'll break it and see new lows. I think the lower supports $88-124 are likely. I've taken these positions to express the view: 10 NFLX 08/16/2024 550.00 P 60 NFLX 01/17/2025 200.00 P Let's see how it plays out
NASDAQ:NFLXShort
by benjihyam
NFLX: More DownsideNFLX posting earnings last week and has since traded sideways. The gap at $675 was filled due to a surge in buying last Friday morning, so now the larger gap at $493 is the next heading. I don't believe we hit that target for several months, so we will stick to the short term. NFLX hit its 1.618 fib retracement to the dollar and bounced off to retest $656 today. If NFLX cannot break through $656 this week, I'm seeing the next target at the 2.618 fib retracement which historically sees faster selling to reach that target than the 1.618. This target also aligns well with support from May 2024. If the price breaks through $667 this analysis is nullified. This week we have many big names reporting earning starting tomorrow, so there should be more volatility in the coming days.
NASDAQ:NFLXShort
by FiboTrader1
NFLX - LONG POSITIONhi traders When looking at Netflix stock on a daily timeframe, it bounced back from the bottom of the upsloping channel which it has retested after being rejected near its all-time high (ATH) level of around $698 . The long position can be taken now as the price is still close to the bottom of the channel. The final target would be at the top of the upsloping channel. Breaking the horizontal resistance will lead to new ATH levels. Invalidation of this trading idea would be the break down below the parallel channel, the first support level to watch is $579. Good luck
NASDAQ:NFLXLong
by vf_investment
NFLX - Netflix Inc (Extended Hours) - 4h - CAPITAL.COMAnalysis and Forecast: Trend Analysis: The chart shows an upward trend within a channel. The price has recently pulled back to the channel's support line. Entry and Exit Levels: Long Entry (Buy): If the price holds above the support around $634.34, a buy entry can be considered. Target: $701.47 Stop-Loss: $596.73 Supports and Resistances: Important support at $634.34. Nearby resistance at $701.47. Indicators: Oscillator, RSI, and Stochastic indicate that the price is in a possible bullish reversal zone. Considerations: Long (Buy): If the price holds above $634.34, the expectation is for the continuation of the upward trend. Short (Sell): If the price falls below $634.34, a sell entry can be considered, targeting lower supports. Disclaimer: This analysis does not constitute financial advice. Do your own research before investing.
CAPITALCOM:NFLX
by RaffDN
Netflix Resistance Rejection At $699.90 18.07.2024NFLX (NASDAQ) faces resistance at $699.90 on the 4HR Chart. If resistance holds, potential drop to $585.12. Breaking $585.12 could lead to a decline to $495.01. If resistance fails, price may rise to $845.79. Breaking $845.79 could push the price to $1031.36. Apply risk management Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350) Disclaimer
NASDAQ:NFLXShort
by Stuart_Cowell
Netflix (NFLX) - Preparing for the Next Upward MoveBack in March, we anticipated the target zone for Netflix to be between the 38.2% and 61.8% Fibonacci levels. This zone was reached in April, marking the end for Wave 4 perfectly. Since then, the overarching Wave (1) has likely been completed. We expect a significant correction before another upward move, with the anticipated pullback range between 35% to 50%. Despite the expected correction, we maintain a bullish outlook for Netflix, anticipating higher prices in the longer term. Once we confirm the pullback and identify precise entry and exit points, we will issue a detailed market report.
NASDAQ:NFLXShort
by freeguy_by_wmc
750; This will keep markets up on FridayThe insiders feel comfortable, confident, and not as nervous, which could be the story of why pr has barely existed in any negative light but rather more so the confidence in certain key fundamental areas like Advertising revenues, programming quality, bringing in quality binges from numerous networks, and the crackdown on password sharing taking on the newer technological cost-effective way can only see a surge in new members, revenues, and earnings, which future guidance making AI and sales their pitch. Who knows, only time will tell!!!
NASDAQ:NFLXLong
by themoneyman80
What Is a Dead Cat Bounce Pattern, and How Can One Trade It?What Is a Dead Cat Bounce Pattern, and How Can One Trade It? A dead cat bounce is a common pattern in financial markets, often confusing traders with its brief recovery followed by continued decline. Understanding this pattern is crucial for traders aiming to navigate market downturns. This article delves into what a dead cat bounce is, its causes, how to identify it, and strategies for trading it. Understanding the Dead Cat Bounce Pattern A dead cat bounce is a temporary recovery in the price of a declining asset, followed by a continuation of the downtrend. This phenomenon occurs in all types of financial markets, including stocks, forex, and crypto*, and can mislead traders into believing that a market or asset has started to recover, only to see prices fall again. The term "dead cat bounce" originates from the saying that "even a dead cat will bounce if it falls from a great height." In financial terms, this means that a sharp decline is often followed by a brief, albeit false, recovery. For example, during the 2008 financial crisis, many stocks experienced dead cat bounces as they briefly recovered before continuing their downward trajectory. Identifying a dead cat bounce requires careful analysis. For instance, in a dead cat bounce in a crypto* asset, a sudden 10% rise might appear promising. However, if this increase is followed by another decline surpassing the recent lows, it confirms a dead cat bounce. Traders often use volume analysis and resistance levels to spot these patterns, noting that a true recovery is usually accompanied by sustained volume and breaking through significant resistance levels. Characteristics of a Dead Cat Bounce A dead cat bounce is characterised by specific market behaviours that signal a temporary recovery amidst a prolonged downtrend. Recognising these features can help traders avoid being misled by false recoveries. - Sharp Decline Preceding the Bounce: A significant drop in asset prices that breaks through single or multiple support levels. - Brief and Sudden Rebound: The asset experiences a quick, short-lived rise in price. - Low Trading Volume: The bounce usually occurs with lower trading volume compared to the initial decline, indicating weak buyer interest. - Continuation of Downtrend: After the brief rebound, the asset's price continues to fall, often reaching new lows. - Lack of Strong Fundamentals: The recovery lacks strong fundamental support, often driven by short-covering or speculative buying rather than genuine positive news. Causes of a Dead Cat Bounce A dead cat bounce is typically caused by several common factors that create a temporary illusion of recovery in a declining market. - Short-Covering: Traders who have previously sold the asset buy it back to cover their positions, causing a temporary price increase. - Speculative Buying: Some investors buy into the declining asset, hoping to capitalise on what they perceive as a bargain, which briefly drives prices up. - Technical Support Levels: The asset hits a technical support level, prompting a temporary rebound as traders react to these key price points. - Positive News: Positive news related to the asset, such as cost-cutting measures in a company, strong country GDP growth, or even rumours can cause temporary optimism and buying interest. However, while these factors may provide some support for the asset, it’s rare for the market to recover fully. Given that the sharp fall preceding the bounce is often due to a significant shift in fundamentals or indicative of strong selling pressure, the bearish trend is likely to prevail. Identifying a Dead Cat Bounce Identifying a dead cat bounce involves careful analysis of price movements, trading volume, resistance levels, momentum indicators, and market sentiment. Recognising these signals may help traders avoid being misled by temporary market recoveries. Price Movements A dead cat bounce typically follows a sharp decline that clears previous support levels with little resistance, often prompted by significant news releases. After this steep fall, the price may find a temporary base at another support level and begin to rise. However, this recovery generally regains less than 50% of the initial drop. Volume The rebound in a dead cat bounce often occurs on weaker volume, indicating less conviction behind the recovery. This is especially noticeable in assets traded on centralised exchanges, like stocks or crypto*. In forex, assessing volume can be challenging due to its decentralised nature. It’s important to consider the timeframe; daily charts may be most effective for detecting volume patterns in a dead cat bounce, while intraday volumes can be misinterpreted due to natural ebbs and flows as trading sessions progress. Resistance Levels The rebound may fail to break through significant resistance levels, such as a prior support level turned resistance or the last swing high in the downtrend. If the price approaches but cannot surpass these levels and subsequently drops again, it's a strong indication of a dead cat bounce. Monitoring these resistance points helps validate the pattern. Momentum Indicators Using technical indicators like the Stochastic Oscillator or Awesome Oscillator (AO) can provide clues about a dead cat bounce. These indicators may show only a slight improvement or remain in bearish territory, indicating weak momentum. It’s important to recognise that these indicators might show false bullish signals, such as an oversold Stochastic or a bullish AO zero-line crossover, as the bounce begins. Therefore, they may have the most value in detecting continuation, such as a bearish hidden divergence. To explore these indicators among 1,200+ trading tools, head over to FXOpen’s free TickTrader platform. Market Sentiment If broader market conditions and sentiment remain negative or if the news driving the rebound is not substantial, the bounce is likely temporary. It’s important to consider the overall picture and what has fundamentally changed for the asset rather than reacting to temporary retracement. How to Trade a Dead Cat Bounce When a trader recognises a potential dead cat bounce, they might consider entering a short position to capitalise on the continuing downtrend. Here are some key strategies that may potentially help trade this pattern effectively. Since a bounce may sometimes be genuine and lead to a quick recovery, it's prudent for traders to wait for confirmation that the downtrend is ready to continue. This cautious approach also allows for placing a stop loss in a defined area—specifically, just above the high of the bounce. Key Trading Signals Traders typically watch for the last higher low established during the bounce to be traded through. In other words, they wait for the short-term bullish trend to appear to falter with a lower low. As seen in the dead cat bounce chart above, this indicates that the most recent support level during the bounce has failed, signalling the downtrend might continue. Greater confidence in the downtrend continuation can be achieved if the price fails to break through a prior area of resistance or a previous support level now acting as resistance. Momentum Indicators Momentum indicators can be used to confirm that the downtrend is ready to continue. Specifically, a hidden bearish divergence, where the RSI makes a high higher than the high before or at the beginning of the downtrend; the RSI showing the asset is overbought; or the RSI struggling to break above 50 on a slightly higher timeframe (RSI < 50 indicates bearish conditions) can add confirmation. With the MACD, the signal line may cross under the MACD line or struggle to break out of negative territory. Chart Patterns and Candlestick Patterns - Bearish Chart Patterns: Breaking out of patterns like a rising wedge, bearish quasimodo, or descending triangle can confirm the move lower. - Bearish Candlestick Patterns: Patterns such as a shooting star, tweezer top, or marubozu candle can add confluence and confidence to the trade. Setting Stop Loss and Take Profit - Stop Loss: Traders usually set a stop loss just above the high of the dead cat bounce to potentially limit losses if the price unexpectedly rises. - Take Profit: Given the likelihood of another significant downward leg, a take-profit order may be set at the next major support level. This potentially ensures capturing returns before the market finds new support and reverses. Context-Dependent Strategy Ultimately, there is no single way to trade a dead cat bounce in stocks or any other asset. However, using these factors to seek confirmation and waiting for a further breakdown before taking a position can help traders navigate and take advantage of trading on this pattern. The Bottom Line Recognising and understanding a dead cat bounce can potentially help traders avoid false recoveries and optimise their strategies. By carefully analysing market signals and using appropriate trading techniques, traders might better navigate downtrends. To apply these insights and enhance your trading experience, open an FXOpen account today. FAQs What Is a Dead Cat Bounce? The dead cat bounce meaning refers to a temporary recovery in the price of a falling asset, followed by a continuation of the downtrend. It often misleads traders into believing that the market or asset is recovering, only to see prices fall again. What Causes a Dead Cat Bounce? Several factors can cause a dead cat bounce, including short-covering, speculative buying, and hitting technical support levels. Temporary improvements in market sentiment or positive news can also trigger these short-lived recoveries. How to Spot a Dead Cat Bounce? A dead cat bounce can be identified by a sharp decline followed by a brief recovery that regains less than 50% of the initial drop. Low trading volume during the rebound, failure to break significant resistance levels, and weak momentum indicators are key signals. Is a Dead Cat Bounce Bullish or Bearish? A dead cat bounce is a bearish pattern. It represents a brief, false recovery in a downtrend, followed by a continuation of the falling market. How Long Does a Dead Cat Bounce Last? The duration of a dead cat bounce varies depending on the timeframe but is typically short. On a daily chart, it may take between a few days and a few weeks; on a 5-minute chart, potentially less than a few hours. How to Analyse a Dead Cat Bounce? Analysing a dead cat bounce involves considering price action, volume, resistance levels, momentum indicators, and overall market sentiment. Recognising these factors can help identify the potential for a temporary recovery in a declining market. *At FXOpen UK and FXOpen AU, Cryptocurrency CFDs are only available for trading by those clients categorised as Professional clients under FCA Rules and Professional clients under ASIC Rules, respectively. They are not available for trading by Retail clients. 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.
Editors' picks
NASDAQ:NFLXEducation
by FXOpen
7
NFLX Support TestNFLX has been maintaining its uptrend since 2022, but it is sitting on key trendline support after a weak performance last week. This trendline goes back to January of this year, so if it is broken to the downside it should see some continuation. It may fall all the way down to the trendline support from the uptrend that started in 2022. Things could get really bad if it doesn't hold there. To the upside, it'll need to break above ATH and hold any retests. There's also the upper end of the ascending wedge that it will need to contend with. For now I'd say it looks like a potential double top and trend break to the downside. Hasn't happened yet though.
NASDAQ:NFLXShort
by AdvancedPlays