Netflix Stock Price Prediction: Will  Results Lead to Reversal?

• Netflix stock price slid 0.08% in the last trading session and is currently trading at $438.62.
• Netflix share price (NYSE: NFLX) is expensive based on its Price-To-Earnings Ratio (46x) compared to the peer average (33.1x).

The stock is an entertainment company that offers TV shows, documentaries, movies, and mobile games in various languages and genres. The company lets members stream content on different internet-connected devices, such as TVs, video players, set-top boxes, and mobile devices. The company has about 231 Million paid members in 190 countries.

The Netflix share price is currently trading at $438.62, declining 0.08% in the last trading session. NFLX stock holds a market cap of $195.3 Billion. It has a total of 433.1 Million shares outstanding. The PE ratio for the stock is 46. The price-to-sales ratio for the stock is 6.15.

Netflix stock derivatives data states that the current Implied volatility in the market is 432.67% with an increment of 0.46% in the last trading session. It has a total of 959.2K open interest contracts as of now. The PUT/CALL ratio is 1.27 indicating a strong bullish sentiment in the market as per the data.

Netflix Stock Price Prediction Using Price Action Strategy

Netflix share price analysis reveals that the stock has been in an uptrend in the past 3 months gaining nearly 38%. the stock is headed upwards forming higher lows and higher highs in the daily Netflix chart.

Recently, the disclosure of the quarterly results resulted in some profit booking and the price made a pullback. However, the price took a rebound from the 50 EMA.

Now, if the price sustains above $453.12 then the stock may experience some buying activities and the price may surge higher.

Netflix Share Price Forecast from Indicators’ point of view

As per the EMA analysis, the Netflix stock price is trading above 50 EMA and surged higher after getting support which indicates the short-term presence of buyers in the market. Also, the price is trading above 200 EMA which shows the long-term uptrend of the stock.

At the time of publishing, the RSI value of the Netflix share price is 53.31 and that of the SMA line is 55.65. RSI is headed upwards by getting support from the SMA line which shows the short-term presence of buyers in the market.

Conclusion

Netflix stock price prediction concludes that the stock has been in an uptrend in the past 3 months gaining nearly 38% and headed upwards forming higher lows and higher highs. Recently, the disclosure of quarterly results led to some profit booking. However, the stock surged after getting support from the 50 EMA. Now if the stock sustains above $453.12 then it may surge higher.

Technical Levels

• Support levels: $399.99 and $361.29.
• Resistance levels: $453.12 and $483.57.

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.