Technical Analysis Summary of Netflix Inc.
Stop sale Below 212.43.
Stop Loss: Above 231.65.
|Donchian Channel||To sell|
|MA (200) Selling Fractals||To sell|
|Parabolic SAR||To sell|
Chart analysis of Netflix Inc.
Technical analysis of the Netflix stock price chart on the daily timeframe shows that #S-NFLX, Daily has broken below the trading range below the 200-day moving average MA (200) which itself is falling . We believe the bearish momentum will continue after price breaks through the lower boundary of the Donchian Channel at 212.43. This level can be used as an entry point to place a pending sell order. The stop loss can be placed above 231.65. After placing the order, the stop loss should be moved daily to the next fractal high, following the signals from the parabolic indicator. Thus, we modify the expected profit/loss ratio to the break-even point. If the price reaches the stop loss level (231.65) without reaching the order (212.43), we recommend to cancel the order: the market has undergone internal changes which have not been taken into account.
Fundamental Stock Analysis – Netflix Inc
Netflix stock plunged 35.1% after worse-than-expected first-quarter results. Will the Netflix stock price continue to decline?
Netflix’s first-quarter results missed Wall Street forecasts, prompting a sell-off in the streaming service’s shares yesterday. Netflix reported losing 200,000 subscribers in the first quarter, well below its modest forecast of adding 2.5 million subscribers. It announced revenue of $7.87 billion against forecast revenue of $7.9 billion. Netflix last reported a loss of subscribers in 2011. Netflix’s decision in early March to suspend service in Russia after the invasion of Ukraine led to the loss of 700,000 members. At the same time, the company said it expects net paid subscribers in the second quarter to decline by 2.0 million, compared to 1.5 million net additions in the 2019 quarter. ‘last year. Falling subscriber numbers are a bearish factor for shares of the streaming service company.
Want to get more free scans? Open a demo account now for daily news and analytical material.