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Tarja Hempton
The following chart presents the relative strength of Netflix (NFLX) as compared to the S&P 500. When the blue line in the chart is moving up, the stock is outperforming the S&P 500 and when it is trending down it is underperforming.
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The 2017 has been so far an excellent year for Netflix (NFLX ) shareholders. Since the beginning of the year shares of the streaming video service have rallied more than 60%, besting the rest of the broad market by a factor of four plus (4.5).
The new all-time price high from last Friday (Oct. 13th / $200.82) keeps the bull in force and that positive price momentum isn't showing any signs of slowing down as investors barrel toward the end of the calendar year.
Meanwhile, relative strength, the side-indicator down at the bottom of the Netflix chart, adds some extra confidence to the upside move in shares. That's because relative strength has been in an uptrend of its own, mirroring the uptrend in the price action. Those higher lows in relative strength signal that Netflix is continuing to outperform the rest of the broad market right now -- statistically speaking, that implies even more outperformance during the final stretch of 2017.
An ascending triangle is a bullish chart pattern used in technical analysis that is easily recognizable by the distinct shape created by two trendlines. In an ascending triangle, one trendline is drawn horizontally at a level that has historically prevented the price from heading higher, while the second trendline connects a series of increasing troughs. Traders enter into long positions when the price of the asset breaks above the top resistance.
My prediction is that when Netflix reports after the close, the stock will either go up instantly by a huge amount or go up over time after a dip, because I think this company is worth more than its current $86 billion market cap.
Granted, Netflix the stock is no bargain on earnings, but as we've seen over and over and over again, the earnings are the wrong way to judge a company like Netflix that's trying to take over the world and is succeeding pretty much everywhere it goes.
As a titan in the streaming industry, Netflix, Inc. (NFLX) has revolutionized how we consume media, evolving from a DVD rental service to a global streaming giant. With its vast content library and continued expansion into original programming, Netflix has been a subject of keen interest in the stock market.
When forecasting Netflix's stock for the coming days and weeks, consider several important factors. Examine Netflix's quarterly earnings reports for details on subscriber growth, revenue, and profit margins, as these metrics are critical indicators of performance. Pay close attention to content releases and their reception, as popular shows and movies can drive subscriber numbers. Monitor competitive actions from other streaming services, which can impact Netflix's market share. Stay updated on broader market trends and economic conditions, as they influence consumer spending. Finally, track market sentiment and analyst ratings, which can provide additional insights into potential stock movements.
CoinCodex forecasts a negative outlook on Netflix's share price for 2024. Analysts believe the current uptrend will continue during June-August, and the price will peak at around $690. After that, the decline will begin, and by the end of the year, NFLX will reach $380 per share. Thus, the drawdown will be about 45%.
The weekly chart reveals that the general trend changed to an uptrend in June 2023. The red Ichimoku cloud was breached, and the price consolidated above it. From October 2023, a new upward wave began, lasting until April 2024.
The Tenkan and Kijun lines of the Ichimoku indicator are moving upward, which indicates short-term uptrends. A green cloud below the price chart confirms the general uptrend. The nearest support level is located at $546.00. If this level is broken through from above, the price will start a correction.
Over the long term, the Netflix stock price is affected by competition in the streaming industry, the company's ability to attract and retain subscribers, negotiate lucrative content production deals, and introduce innovations to the platform. Thanks to the recent successful launches of TV shows, the company's stock is surging in 2024.
CoinPriceForecast offers a highly optimistic forecast for Netflix stock in 2025. According to the estimates, the price will hit $750 at the beginning of the year. The stock will begin to rise and reach $948 by the middle of 2025. The growth will continue in the remaining half of the year, and NFLX will stand at $1,098 in December.
CoinCodex offers the most optimistic outlook for Netflix stock. According to their expectations, the NFLX price will gain around 30%. The stock will begin the year near $1,093.13 and close near $1,442.66 in December. This forecast takes into account current trends and the situation within the company. Notably, changes in the US stock market and US Fed policy may lead to a forecast revision.
CoinPriceForecast predicts robust growth of #NFLX in the following years until 2030, allowing moderate corrections during a steady uptrend. According to the forecast, investors will benefit from holding Netflix stock in the long term.
Analysts at WalletInvestor suggest that Netflix's stock price will not exceed $645 until 2030. According to the forecast, the Netflix shares will trade within a narrow range, bringing almost no profit to investors. However, a slight drop in the rate is not excluded. At the end of 2028, the stock could stand at $608.46. This analysis excludes high volatility and assumes sideways trading.
In 2021, Netflix continued to expand and grow, driven by an increase in global subscribers and a broadening of its content library. The year was marked by a buoyant stock performance trend, reflecting the company's robust business model and ability to capitalize on the increasing demand for streaming content. Moving into 2022, Netflix's stock experienced more pronounced fluctuations. The company's growth rate showed signs of slowing, attributed to market saturation and heightened competition from new and existing streaming services.
As of the latest data in 2023, Netflix's stock appears to be stabilizing and showing signs of recovery. The company has been making strategic moves to diversify its revenue streams, including venturing into gaming and implementing measures to optimize its subscription model.
Throughout these years, the trajectory of Netflix's stock has reflected its operational successes and challenges, market trends, and the evolving landscape of the entertainment industry. Despite the ups and downs, Netflix continues to be a leading force in the streaming world, adapting and innovating to meet viewers' changing needs and preferences worldwide.
Netflix is a good investment, considering the stock's performance over the past two years. Technically, the stock is trading in a long-term uptrend and is approaching the all-time high of $700.00. If the price consolidates above this level, the next long-term targets are $725.00 and $750.00. Further growth is also possible, but here, it is necessary to analyze the entire US stock market and the streaming platforms industry.
According to most forecasts, streaming services will continue to develop. If viewers are attracted by new content, Netflix can increase its subscriber base, boosting its share price. At the same time, there is a risk that new ideas will be exhausted and that popular series will be discontinued. However, its key advantages are the company's industry leadership, brand strength, and regular content updates. In addition, entering new markets and adapting to consumer preferences help the company respond quickly to changes in the streaming services industry.
In general, the long-term outlook for NFLX stock is optimistic. According to CoinPriceForecast, Netflix could climb to around $2,000 by the end of 2030. Maintaining its leadership among streaming services and innovation will support price appreciation.
Despite the risks of high volatility, Netflix stock represents a good long-term investment. Buying the stock at current prices is reasonable as long as the price trades below the 2021 high. However, once the price consolidates above $700.00, waiting for a correction and buying the stock at a lower price will be beneficial.
Netflix stock is a good long-term buy with growth prospects until 2030. Most forecasts point to a continuation of the uptrend. However, investors should keep a close eye on changes in consumer sentiment and trends in the streaming services industry.
Investing in stocks always carries risks. As with any investment, buying NFLX involves the risk of losing your capital. Before purchasing shares, investors should analyze the company's stock charts and financial reports on their own or with the help of an appropriate professional in the field.
This article is a post-earnings stock chart analysis for Netflix (NFLX). NFLX reported earnings a couple weeks back on July 16, 2018. It pulled back after earnings. In a July 22, 2018 article for FANG stocks I mentioned that the $338 support level was a key area to watch.
In my July 22 article for NFLX, I stated it was important for NFLX's share price to remain above the $338.82 price level during its pullback. Since that article, NFLX share price breached the $338.82 price level reaching a low of $328 during its pullback so far. While I did not specifically mention it in the previous article, the $338.82 was an Elliott wave monitoring target. From an Elliott wave perspective, this breach identifies either one more all-time high before a longer consolidation period or the beginning of a longer consolidation period. I think it identifies the first of the two. Kind of like Facebook when it first pulled back on news of its data scandal.
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