Netflix Inc. (NFLX/NASD): general review
05 September 2018, 13:19
| Scenario | |
|---|---|
| Timeframe | Intraday |
| Recommendation | SELL STOP |
| Entry Point | 354.90 |
| Take Profit | 340.00, 330.00, 315.00 |
| Stop Loss | 370.00 |
| Key Levels | 313.00, 330.00, 355.00, 380.00, 400.00, 420.00 |
| Alternative scenario | |
|---|---|
| Recommendation | BUY STOP |
| Entry Point | 380.10 |
| Take Profit | 405.00, 420.00 |
| Stop Loss | 365.00 |
| Key Levels | 313.00, 330.00, 355.00, 380.00, 400.00, 420.00 |
Current trend
Netflix shares rose by 15.5% since mid-August and are now trading near a monthly high. The growth of quotations of the issuer since the beginning of this year amounted to 89,41%. Strengthening the shares is facilitated by the approaching of the publication of the quarterly report on October 15, with the expectation of 134% YoY increase in net earnings per share to USD 0.68.
Netflix reported on the involvement of a top manager from Disney to the position of the Head of original content products sales.
Over the past week, Netflix shares showed a 0.27% decrease in value. S&P 500 index went down by 0.51% during the same period.
Support and resistance
Currently the emitter is consolidating. No single direction tendencies are observed. The company's shares have the potential for further correction. Indicators don't give a clear signal: the price has consolidated above MA (50) and MA (200), and MACD histogram is located near the zero line. Positions are to be opened from key levels.
Comparing company's multiplier with its competitors in the industry, we can say that #NFLX shares are neutral.
Resistance levels: 380.00, 400.00, 420.00.
Support levels: 355.00, 330.00, 313.00.
Trading tips
If the price consolidates below the level of 355.00, #NFLX is expected to correct. Potential profits should be locked in by orders at 340.00, 330.00 and 315.00. Stop loss will be at 370.00.
If the price consolidates above 380.00, one should consider buying the company's shares. The movement is aimed to the area of 405.00–420.00. Stop loss — 365.00.
Implementation period: 3 days.
Netflix shares rose by 15.5% since mid-August and are now trading near a monthly high. The growth of quotations of the issuer since the beginning of this year amounted to 89,41%. Strengthening the shares is facilitated by the approaching of the publication of the quarterly report on October 15, with the expectation of 134% YoY increase in net earnings per share to USD 0.68.
Netflix reported on the involvement of a top manager from Disney to the position of the Head of original content products sales.
Over the past week, Netflix shares showed a 0.27% decrease in value. S&P 500 index went down by 0.51% during the same period.
Support and resistance
Currently the emitter is consolidating. No single direction tendencies are observed. The company's shares have the potential for further correction. Indicators don't give a clear signal: the price has consolidated above MA (50) and MA (200), and MACD histogram is located near the zero line. Positions are to be opened from key levels.
Comparing company's multiplier with its competitors in the industry, we can say that #NFLX shares are neutral.
Resistance levels: 380.00, 400.00, 420.00.
Support levels: 355.00, 330.00, 313.00.
Trading tips
If the price consolidates below the level of 355.00, #NFLX is expected to correct. Potential profits should be locked in by orders at 340.00, 330.00 and 315.00. Stop loss will be at 370.00.
If the price consolidates above 380.00, one should consider buying the company's shares. The movement is aimed to the area of 405.00–420.00. Stop loss — 365.00.
Implementation period: 3 days.
No comments:
Write comments