Technical Analysis – Netflix stock advances to all-time high; stochastic suggests overbought

Posted on April 21, 2020 at 9:21 am GMT

Netflix stock price had been in an aggressive bullish rally in the previous periods, challenging a fresh all-time peak at 449.32 on April 16. The RSI and the MACD are confirming this strong upside tendency as both are gaining momentum in positive territories. However, the stochastic is suggesting an overbought market, as it has turned lower and posted a bearish crossover within the %K and %D lines above 80 area. Also, the 200-day simple moving average (SMAs) is flattening, while [..]


Netflix set for glowing earnings and even brighter guidance amidst virus gloom – Stock Market News

Posted on April 17, 2020 at 11:15 am GMT

US streaming giant, Netflix Inc, is due to announce its earnings results for the January-March quarter on Tuesday (April 21) after the market close. The earnings release comes just as the company’s share price has hit an all-time high, fuelled by expectations that its subscriber numbers will skyrocket as locked down people around the world pass their times by binge-watching. But with many of Netflix’s main markets entering a lockdown towards the very end of the quarter and some countries [..]

Earnings season: The good, the bad, and the very ugly – Special Report

Posted on April 14, 2020 at 3:37 pm GMT

This earnings season will be pivotal. With so little post-virus economic data so far, the real-time guidance by corporate executives could be invaluable. In a nutshell, while earnings and guidance will probably be gloomy overall, there might be huge contrasts between sectors. Industries like travel and energy will likely be decimated, whereas online retailers and home entertainment companies might have made a killing. All told, while significant downside risks remain for the market overall, some ‘value plays’ are also arising. [..]


Technical Analysis – Netflix stock loses ground near to 3-month low; bearish bias

Posted on March 17, 2020 at 10:06 am GMT

Netflix stock price plummeted to a new three-month low of 292 during yesterday’s trading session, retaining the bearish movement that broke the medium-term ascending trend line. Also, the price has been developing beneath the flatten 200-day simple moving average (SMA), suggesting the start of a negative trend. In technical oscillators, the MACD is strengthening its bearish momentum below the zero line, while the RSI and the Stochastics are moving towards oversold levels, pointing to another negative session. Should the stock price stretch below December’s low of 292, immediate support could come [..]


Netflix earnings: Let the streaming wars begin – Stock Market News

Posted on January 20, 2020 at 3:29 pm GMT

The world’s leading streaming giant will announce its latest earnings on Tuesday, after Wall Street’s closing bell. Netflix’s stock massively underperformed its FAANG peers and the broader market last year amid concerns about slowing subscriber growth and competition by new players like Disney and Amazon. Both earnings and revenue are expected to have risen at a solid pace this quarter, though the overall market reaction might depend mostly on the guidance by Netflix executives on the earnings call. Underperforming 2019 [..]


Technical Analysis – Netflix stock may hold neutral before extending uptrend

Posted on January 20, 2020 at 11:23 am GMT

Netflix saw its stock trending up to a 5-month high of 352.97 in January after bottoming out at 252.13 in late-September. From a technical perspective, the upward direction could strengthen as the 20- and the 200-day simple moving averages (SMAs) have recently registered a bullish cross. Meanwhile in the short-term, the market’s momentum could remain muted as the RSI keeps flattening above its 50 neutral mark and the MACD seems to be softening slightly below its red signal line. A downside reversal [..]


Technical Analysis – Netflix stock’s bullish bias improves, reeling in the 200-day MA

Posted on November 22, 2019 at 1:59 pm GMT

Netflix stock is overtaking the 308.30 swing high level, which is a pullback level where sellers previously took full control. The push up backs the rebound off the nine-month low of 252.13, reaffirming the bullish bias. Further supporting this view is the upwards slopes in the 20- and 40-day simple moving averages (SMAs) and the bullish crossover between the two. The short-term oscillators reflect strengthening positive momentum. The MACD, in the positive zone, is rising above its red trigger line, [..]


Technical Analysis – Netflix stock collapses out of a 3-month trading range

Posted on August 30, 2019 at 2:22 pm GMT

Netflix stock plummeted out of a three-month sideways market breaching the lower boundary of 335.88, where the 200-day SMA also happened to lie. The stocks’ one-and-a-half-month plunge which started July 11, had the price retrace to around 287.09, slightly below 290.15, which is the 61.8% Fibonacci retracement level of the up leg from 230.78 to 386.00. The MACD suggests an increase in positive directional momentum as it has moved above its red trigger line in the negative zone. The RSI [..]


Netflix earnings likely to be weighed by slower subscriber growth – Stock Market News

Posted on July 17, 2019 at 1:45 pm GMT

Streaming giant Netflix is due to announce its second quarter earnings later today after the market close on Wall Street – the first of the FAANG companies to report. As competition heats up in the sector, all eyes will be on how many new subscribers Netflix managed to attract in Q2 amid concerns about the outlook for subscriber growth in streaming services. Company to report lower EPS in Q2 Netflix is expected to report earnings per share (EPS) of $0.57, [..]


Technical Analysis – Netflix stock tests 7-month high; narrow range in medium term

Posted on July 11, 2019 at 9:44 am GMT

Netflix stock experienced a short-term upside rally from the bottom boundary of the trading range for the last month, that began at the end of April, to the upper boundary of a seven-month high of 386. The stock has temporarily faltered near the resistance, waiting for the buyers’ and sellers to set the direction.  Although in a sideways move, the short- and medium-term simple moving averages (SMAs) of 14-, 21- and 40-day SMAs, confirm a positive momentum on price action [..]

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