Netflix Inc. (NFLX/NASD): general review
17 May 2018, 11:52
| Scenario | |
|---|---|
| Timeframe | Intraday |
| Recommendation | BUY STOP |
| Entry Point | 335.10 |
| Take Profit | 345.00, 355.00, 360.00 |
| Stop Loss | 325.00 |
| Key Levels | 285.00, 300.00, 322.00, 335.00 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 321.90 |
| Take Profit | 300.00, 295.00 |
| Stop Loss | 332.00 |
| Key Levels | 285.00, 300.00, 322.00, 335.00 |
Current trend
Netflix shares have been strengthening since the beginning of May and are now trading at a 2.4% discount to the historic highs, which were updated in mid-April due to the strong quarterly report.
Until the end of the year Netflix plans to release at least 86 new films, spending more than 8 billion US dollars to create new content and more than 2 billion US dollars for marketing. By early 2019, the company expects 1,000 pieces of original content on its platform. The closest competitor of the Netflix is Universal Studios, who plans to release 39 films, followed by Sony and Lionsgate with 26 films each.
Over the past week, Netflix shares have decreased by 0.64%. The S&P 500 index for the same period decreased by 0.38%.
Support and resistance
At the moment, the quotes #NFLX are consolidating. The technical picture is ambiguous. The issuer is testing key support and resistance levels: 322.00 and 335.00, respectively. Indicators do not give clear signals: the price consolidated above 50 MA and 200 MA; The MACD histogram is near the zero level.
A comparative analysis of the company's multipliers and competing companies in the industry testifies to the neutrality of #NFLX.
Support levels: 322.00, 300.00, 285.00.
Resistance levels: 335.00.
Trading tips
If the price consolidates above the resistance level of 335.00, further growth of the company's shares is expected. Stop loss will be at around 325.00. The profit can be taken at the levels of 345.00, 355.00 and 360.00.
If the price goes below the support level of 322.00, the correction of #NFLX quotes is expected. Stop loss should be set at around 332.00. The potential profit area is 300.00-295.00.
Trading scenarios will be relevant for 3 days.
Netflix shares have been strengthening since the beginning of May and are now trading at a 2.4% discount to the historic highs, which were updated in mid-April due to the strong quarterly report.
Until the end of the year Netflix plans to release at least 86 new films, spending more than 8 billion US dollars to create new content and more than 2 billion US dollars for marketing. By early 2019, the company expects 1,000 pieces of original content on its platform. The closest competitor of the Netflix is Universal Studios, who plans to release 39 films, followed by Sony and Lionsgate with 26 films each.
Over the past week, Netflix shares have decreased by 0.64%. The S&P 500 index for the same period decreased by 0.38%.
Support and resistance
At the moment, the quotes #NFLX are consolidating. The technical picture is ambiguous. The issuer is testing key support and resistance levels: 322.00 and 335.00, respectively. Indicators do not give clear signals: the price consolidated above 50 MA and 200 MA; The MACD histogram is near the zero level.
A comparative analysis of the company's multipliers and competing companies in the industry testifies to the neutrality of #NFLX.
Support levels: 322.00, 300.00, 285.00.
Resistance levels: 335.00.
Trading tips
If the price consolidates above the resistance level of 335.00, further growth of the company's shares is expected. Stop loss will be at around 325.00. The profit can be taken at the levels of 345.00, 355.00 and 360.00.
If the price goes below the support level of 322.00, the correction of #NFLX quotes is expected. Stop loss should be set at around 332.00. The potential profit area is 300.00-295.00.
Trading scenarios will be relevant for 3 days.
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