Netflix, Inc. (NASDAQ:NFLX) co-founder Marc Randolph: ‘Focus’ will help it beat Apple, Disney

Netflix, Inc. (NASDAQ:NFLX) co-founder Marc Randolph: ‘Focus’ will help it beat Apple, Disney

Netflix, Inc. (NASDAQ:NFLX) co-founder Marc Randolph: ‘Focus’ will help it beat Apple, Disney

The streaming wars are just getting started.

With NBCUniversal (CMCSA) unveiling the official name of its streaming service, WarnerMedia’s HBO Max (T) landing a mega deal for “The Big Bang Theory” and Apple TV+ (AAPL) and Disney+ (DIS) gearing up for November launches, it might look like the established players are losing steam.

But one former executive is still betting big on Netflix (NFLX), despite the increased competition.

“I don’t look at ‘strongest players’ based on content, I look at ‘strongest players’ based on focus,” Netflix co-founder Marc Randolph told Yahoo Finance during a recent interview.

Randolph, who led the company in its early years, outlined critical ingredients for entrepreneurial success in his new book “That Will Never Work” and said “the number one [ingredient] is focus.”

He added: “Look at Netflix — the only thing they do is what they’re doing. Disney of course has a range of business, [so does] Apple. I think the thing you’ve got to worry is when Netflix either launches a theme park or brings out a telephone.”

‘Not like cable’

Netflix recently increased the prices on its basic, standard, and premium plans. After the biggest fee hike in the company’s history, the platform’s offerings now cost between $9 and $16 per month.

Yet Apple made waves last week when it revealed its ultra-competitive price of $4.99 a month for TV+. Meanwhile, while Disney+ will cost $6.99 a month, with an ESPN+ and Hulu bundle for $12.99.

Still, Randolph isn’t concerned.

Technical Indicators

Overall, the bias in prices is: Downwards.

Note: this chart shows extraordinary price action to the downside.

The projected upper bound is: 307.32.

The projected lower bound is: 262.10.

The projected closing price is: 284.71.

Candlesticks

A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 5 white candles and 5 black candles. During the past 50 bars, there have been 20 white candles and 30 black candles for a net of 10 black candles.

Momentum Indicators

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.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 51.7041. This is not an overbought or oversold reading. The last signal was a buy 15 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 39.34. 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 buy 40 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 -102.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a sell 1 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 23 period(s) ago.

Rex Takasugi – TD Profile

NETFLIX INC closed down -4.960 at 286.600. Volume was 28% above average (neutral) and Bollinger Bands were 73% narrower than normal.

Open     High      Low     Close     Volume___
291.560 293.810 283.400 286.600 8,545,761
Technical Outlook 
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bearish
Moving Averages: 10-period     50-period     200-period
Close: 291.48 310.51 335.46
Volatility: 28 44 46
Volume: 7,123,136 7,811,025 8,290,223

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.

Summary

NETFLIX INC is currently 14.6% below its 200-period moving average and is in an downward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future. 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 2 periods. The security price has set a new 14-period low while our momentum oscillator has not. This is a bullish divergence.

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