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Netflix Inc. Technical Analysis - Netflix Inc. Trading: 2023-07-14
Netflix Inc. Technical Analysis Summary
Above 450.9
Buy Stop
Below 443.3
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Buy |
| Donchian Channel | Buy |
| MA(200) | Buy |
| Fractals | Neutral |
| Parabolic SAR | Buy |
Netflix Inc. Chart Analysis
Netflix Inc. Technical Analysis
The technical analysis of the Netflix stock price chart on 4-hour timeframe shows #S-NFLX,H4 is rebounding after hitting three-week low two days ago. The 200-period moving average MA(200) is rising itself. We believe the bullish momentum will continue after the price breaches above the upper boundary of Donchian channel at 450.9. This level can be used as an entry point for placing a pending order to buy. The stop loss can be placed below 443.3. After placing the order, the stop loss is to be moved every day to the next fractal low, following Parabolic indicator signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level (450.9) without reaching the order (443.3), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of Stocks - Netflix Inc.
Netflix stock edged up after JPMorgan raised its price target. Will the Netflix stock price continue advancing?
Yesterday JPMorgan raised Netflix price target to $495 from $470 while it maintained an Overweight rating on the stock. Analysts note recent positive price dynamics after the company smoothly rolled out paid sharing across 100+ markets since late May. They revised upward their Q2 net adds estimate higher from 1.0 million to 2.5 million and project revenue acceleration from +6.4% over year in Q2 ($8.37B, guide of $8.24B) to +11.8% in Q3 ($8.95B), and to +19.1% in Q4 ($9.48B). Rising customer base and revenue expectations are bullish for a company stock. Netflix shares rose 1.43% on the day after JPMorgan raised its price target. Netflix will report its latest quarterly results on July 19.
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