Youtrading UK
Português Español русский
Register Login
  • Markets
  • Charts
  • Economic Calendar
  • World
  • Economy
  • Insights
  • About Us
No Result
View All Result
Youtrading UK
  • Markets
  • Charts
  • Economic Calendar
  • World
  • Economy
  • Insights
  • About Us
No Result
View All Result
Youtrading UK
No Result
View All Result

Netflix Technical Analysis – Watching sideways price channel

by Nathan Batchelor
19 January 2021
in Insights, Stocks
0
Netflix Technical Analysis – Watching sideways price channel

Photo by Thibault Penin.

369
SHARES
7.3k
VIEWS
Share on FacebookShare on TwitterShare on WhatsApp

Investors will be closely watching US earnings season this week, and one stock in particular that market participants are likely to focus on is Netflix. The streaming giants stock price has been consolidating in recent weeks and months after posting blockbuster gains in 2020.

Market expectations are high that the company will release positive guidance about the 2021 business prospects for Netflix. This week’s announcement surrounding clarification over Netflix’s new content production in 2021, and how they fared during holiday season will be closely eyed by investors.

Delivering value for customers may be seen as paramount, as Netflix fights to maintain and grow its market share in an increasingly competitive market sector, which includes emerging streaming services such as Disney and Amazon Prime.

In 2020, Netflix added over 30 million users, giving them a massive 200 million paid subscriber bases. Like many tech companies, the COVID-19 pandemic had an overall positive effect on the company, as millions of people were confined to their homes during lockdown.

It is likely that the Netflix’s guidance for Q4 is going to be extremely positive, given the mentioned trend of global lockdowns. The company also posted positive cash flow recently as some production sets temporary stopped during COVID-19.

Netflix’s stock is up over 100 percent from the lows of 2020. If Reed Hasting and joint CEO Ted Sarandos 2021 projections match the bumper growth seen during 2020 then a surge in Netflix’s stock price could be seen this year.

From a technical perspective a breakout does look likely. The stock has been trapped in a fairly tight price range since July. To sum up recent price behaviour, every time a breakout to either direction looked likely, a sudden pullback occurs, and the established $100.00 range continues.

The market reaction and information towards Netflix’s forward guidance will be crucial. In theory, positive 2021 guidance this week could send the stock into a much needed, and potential higher trading range.

Netflix Short-term Technical Analysis

The four-hour time frame clearly shows a bearish head and shoulders pattern looming over the stock in the near-term. A move under the $490.00 level is currently required to activate the bearish price pattern.

The overall size of the head and shoulders pattern suggest that a drop towards the $440.00 area, which is close to the range bottom could take place.

Source by ActivTrader.

Taking the other side of the trade, if the bearish head and shoulders pattern is invalidated then Netflix’s stock price could start a $50.00 rally, sending it towards the $600.00 level. Bulls need a breakout above the $540.00 level to confirm the invalidation.

Netflix Medium-term Technical Analysis

The most striking feature of the daily time frame is the sideways price channel that Netflix has been stuck in since July. The channel is located between the $560.00 and $460.00 levels.

Due the extended period of price consolidation, an explosive directional move should be expected once a confirmed breakout from the channel takes place.

It should be noted that the stocks 200-day moving average is now dangerously close and is found at the $480.00 level. Netflix has not traded below its 200-day MA since March last year.

Source by ActivTrader.

Tags: Amazon PrimeCovid-19DisneyNetflix
Previous Post

Greenback slips ahead of Yellen testimony

Next Post

Coffee Technical Analysis – Go with the trend

Next Post
Coffee Technical Analysis – Go with the trend

Coffee Technical Analysis - Go with the trend

Please login to join discussion

CALL US

Categories
  • Commodities
  • Economy
  • Forex
  • Index
  • Insights
  • Markets
  • Opening of the Week
  • Sem categoria
  • Stocks
  • World

Site Map

  • Home
  • Markets
  • Charts
  • Economic Calendar
  • World
  • Economy
  • Insights
  • About Us
Português Español русский

A comprehensive website for traders, both experienced and new! Checkout our content and learn how to invest and speculate in the markets using margin traded products. Our team of educators has extensive experience and is here to help. Enjoy!

Follow us on social media

Risk Warning

All financial products traded on margin carry a high degree of risk to your capital. They are not suited to all investors, please ensure that you fully understand the risks involved, and seek independent advice if necessary.

All Rights Reserved - YouTrading UK 2020

Privacy Policy and Terms and Conditions
  • Home
  • My Academy
    • Register Now
    • Login
  • Markets
    • Opening of the Week
    • Stocks
    • Commodities
    • Forex
    • Index
  • Charts
  • Economic Calendar
  • Economy
  • World
  • Insights
  • About Us
No Result
View All Result

© 2020 YouTrading UK - Leaders in Trader Training.

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie settingsACCEPT
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
__cfduid1 monthThe cookie is used by cdn services like CloudFare to identify individual clients behind a shared IP address and apply security settings on a per-client basis. It does not correspond to any user ID in the web application and does not store any personally identifiable information.
_wpfuuid11 yearsThis cookie is used by the WPForms WordPress plugin. The cookie is used to allows the paid version of the plugin to connect entries by the same user and is used for some additional features like the Form Abandonment addon.
cf_use_obThis cookie is set by the provider Cloudflare content delivery network. This cookie is used for determining whether it should continue serving "Always Online" until the cookie expires.
cookielawinfo-checbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-advertisement1 yearThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Advertisement".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
CookieDurationDescription
YSCsessionThis cookies is set by Youtube and is used to track the views of embedded videos.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
CookieDurationDescription
_ga2 yearsThis cookie is installed by Google Analytics. The cookie is used to calculate visitor, session, campaign data and keep track of site usage for the site's analytics report. The cookies store information anonymously and assign a randomly generated number to identify unique visitors.
_gid1 dayThis cookie is installed by Google Analytics. The cookie is used to store information of how visitors use a website and helps in creating an analytics report of how the website is doing. The data collected including the number visitors, the source where they have come from, and the pages visted in an anonymous form.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
CookieDurationDescription
_fbp3 monthsThis cookie is set by Facebook to deliver advertisement when they are on Facebook or a digital platform powered by Facebook advertising after visiting this website.
fr3 monthsThe cookie is set by Facebook to show relevant advertisments to the users and measure and improve the advertisements. The cookie also tracks the behavior of the user across the web on sites that have Facebook pixel or Facebook social plugin.
IDE1 year 24 daysUsed by Google DoubleClick and stores information about how the user uses the website and any other advertisement before visiting the website. This is used to present users with ads that are relevant to them according to the user profile.
test_cookie15 minutesThis cookie is set by doubleclick.net. The purpose of the cookie is to determine if the user's browser supports cookies.
VISITOR_INFO1_LIVE5 months 27 daysThis cookie is set by Youtube. Used to track the information of the embedded YouTube videos on a website.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
CookieDurationDescription
_gat_UA-42160853-21 minuteNo description
cf_ob_infoNo description
CONSENT16 years 8 months 3 days 6 hours 2 minutesNo description
SAVE & ACCEPT
Powered by CookieYes Logo