Many Netflix, Inc. (NASDAQ:NFLX) subscribers are about to get a bigger monthly bill
The streaming service sent emails this week to US subscribers about a price increase that starts in their next billing cycle. It’s an increase some Netflix customers have already seen.Netflix (NFLX) announced the price hikes in January, and said at the time that the increased revenue would help itadd more television shows and movies. The company has been rolling out the price increases over the last few months, based on billing cycles.The email to subscribers is a reminder that each of Netflix’s plansin the United Stateswill increase between $1 to $2. The price of the basic plan will rise from $8 to $9 per month, the standard plan that includes HD streaming on two devices will go from $11 to $13 per month, and the price of its premium plan will increase from $14 to $16.
Netflix has been investing heavily in original content. It budgeted $8 billion for new shows and movies in 2018, the company announced when it reported third quarter earnings in 2017.
Its investments paid off in terms of awards. The streaming service took home three Academy Awards, including Best Director for its film “Roma” in February. Netflix also won 23 total Emmys for shows including “The Crown,” “Stranger Things” and “GLOW” in 2018. Netflix tied for the most Emmy winslast year with HBO, which previously held the record.Investors initially rewarded the company for increasing prices.
The stock jumped 6% after the January announcement and has been tradingmostlyhigher ever since.Members who joined afterthe increase was revealed already have been paying the higher prices. Analysts told CNN Business that most existing customers are willing to pay more as long as Netflix continues to provide a wide range of popular content.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 388.52.
The projected lower bound is: 348.07.
The projected closing price is: 368.29.
A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 6 white candles and 4 black candles for a net of 2 white candles. During the past 50 bars, there have been 26 white candles and 24 black candles for a net of 2 white candles.
A spinning top occurred (a spinning top is a candle with a small real body). Spinning tops identify a session in which there is little price action (as defined by the difference between the open and the close). During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 75.7901. This is not an overbought or oversold reading. The last signal was a buy 2 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 56.29. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 50 period(s) ago.
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 49. This is not a topping or bottoming area. The last signal was a buy 2 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 5 period(s) ago.
Rex Takasugi – TD Profile
NETFLIX INC closed up 0.760 at 367.720. Volume was 51% below average (consolidating) and Bollinger Bands were 52% narrower than normal.
Open High Low Close Volume___
366.250 368.420 362.220 367.720 5,158,742
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 363.95 353.92 339.96
Volatility: 46 37 56
Volume: 7,337,666 7,860,519 11,572,315
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
NETFLIX INC is currently 8.2% above its 200-period moving average and is in an downward trend. Volatility is Our volume indicators reflect volume flowing into and out of NFLX.O at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on NFLX.O and have had this outlook for the last 4 periods.