Netflix, Inc. (NASDAQ:NFLX) deal to animate Roald Dahl books

Netflix, Inc. (NASDAQ:NFLX) deal to animate Roald Dahl books

Netflix, Inc. (NASDAQ:NFLX) deal to animate Roald Dahl books

Netflix is pushing further into kids content with a new deal to animate popular Roald Dahl books.

The company announced Tuesday that it plans to roll out “animated event series and specials” based on books like
“Charlie and the Chocolate Factory,” “The BFG,” “Matilda” and “The Twits.” The company will focus primarily on TV series but has the option to make feature-length movies.

“Immersing ourselves in the extraordinary worlds of Roald Dahl stories has been an honor and a massive amount of fun,” Netflix’s vice president of kids and family content, Melissa Cobb, said in a blog post. “We have great creative ambition to reimagine the journeys of so many treasured Dahl characters in fresh, contemporary ways with the highest quality animation and production values.”

Netflix touts its award-winning original programming like “Stranger Things” and “Black Mirror” as competition in streaming heats up. Hulu, Amazon and Apple are all upping content spends in an effort to claim some of Netflix’s market share. Disney’s kid-friendly streaming service, Disney+, is set to launch at the end of 2019.

Overall, the bias in prices is: Downwards.

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

By the way, prices are vulnerable to a correction towards 314.96.

The projected upper bound is: 298.84.

The projected lower bound is: 231.07.

The projected closing price is: 264.96.

Candlesticks

A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 4 white candles and 6 black candles for a net of 2 black candles. During the past 50 bars, there have been 19 white candles and 31 black candles for a net of 12 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 35.7538. This is not an overbought or oversold reading. The last signal was a buy 6 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 35.56. 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 69 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 -82. This is not a topping or bottoming area. The last signal was a buy 0 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 sell 8 period(s) ago.

Rex Takasugi – TD Profile

NETFLIX INC closed up 5.200 at 266.630. Volume was 4% below average (neutral) and Bollinger Bands were 26% wider than normal.

Open High Low Close Volume___
259.240 269.080 256.140 266.630 11,149,501

Technical Outlook
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bearish

Moving Averages: 10-period 50-period 200-period
Close: 274.40 325.76 336.39
Volatility: 40 66 53
Volume: 11,775,615 13,279,522 11,386,277

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 20.7% 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 34 periods.

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