Netflix, Inc. (NASDAQ:NFLX) stock appears to be on its way back to $400
Netflix, Inc. (NASDAQ:NFLX) stock price scaled last week Friday as subscribers run in after a claim was made. The notice got investors cheering up and excited, but the most important question is if the stock is worth buying once again as Amazon.com, Inc. (NASDAQ:AMZN) stock and others seem to win the hearts of many.
Not so long ago, Netflix, Inc. (NASDAQ:NFLX) irritated its users after they noticed advertisements between episodes. The new feature got users quite upset as advertisements end up cutting the fun in an episode. The advertisement test, running in between episodes, automatically starts to play during a show and the company seems confident about the new feature. The NFLX team came up with a quick response to their user’s complaints by stating that users could skip ads if they want.
Netflix, Inc. (NASDAQ: saw its revenues soar roughly 43% to hit $3.91 billion last quarter, which should have helped the firm’s stock price climb even more. In its place, the stock saw its shares sinking to nearly 18% since the company reported its Q2 financial result on July 16, preceding to climb. Shares of NFLX are still up nearly 100% during the 12 months and look great over a two-year stretch.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 394.62.
The projected lower bound is: 339.99.
The projected closing price is: 367.30.
Candlesticks
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 25 white candles and 25 black 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 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 81.1648. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a buy 7 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 59.59. 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 7 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 130.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a buy 6 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 5 period(s) ago.
Rex Takasugi – TD Profile
NETFLIX INC closed down -0.450 at 368.040. Volume was 22% below average (neutral) and Bollinger Bands were 8% narrower than normal.
Open High Low Close Volume___
367.200 369.860 362.910 368.040 8,118,734
Technical Outlook
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 344.85 368.83 299.70
Volatility: 44 47 47
Volume: 11,523,688 12,414,322 10,094,556
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 22.8% above its 200-period moving average and is in an upward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of NFLX.O at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on NFLX.O and have had this outlook for the last 1 periods.
Netflix, Inc. (NASDAQ:NFLX) stock appears to be on its way back to $400 added by HEFFX on
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