Netflix stock forecast and price prediction
Updated on:
Mar 2nd, 2021
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Netflix forecast brief
- Netflix stock went up 2.19% to close at $550.64 on the stock market on Monday.
- The stock is configuring an uptrend pattern since September 2020, when it bottomed at $458.60. Up to date, price made a 20.07% profit since the beginning of this rally
- Netflix, Inc. provides entertainment services. It offers TV series, documentaries, and feature films across various genres and languages.
Netflix stock price forecast
How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations issue their analysis forecasting how a particular stock will performance in the future.
The following table shows the price forecasts published by brokerage institutions over the last 30 days. If you are a small investor you must not invest based on these predictions.
We don't have any target price published in the previous 4 weeks for Netflix.
Analysts recommendations
In the previous 30 days we couldn't find any rating for Netflix
Earnings and financials
Last January, Netflix ($NFLX) hosted the quarterly shareholders event and posted the report. Netflix posted earnings of $1.19 per share on sales of $6.6 billion. The Wall St estimate was $1.39 per share on revenue of $6.6 billion.
Compared to the same quarter last year, EPS was $1.30, so posted EPS is a reduction of -8.46%. Looking at revenue, figures exploded a 21.53% compared to $54.7B same quarter a year ago.Netflix ($NFLX) is releasing quarterly financial report mid next April. Analysts expect of $2.98, that is a 150.42% higher than previous quarter.
Netflix stock: buy or sell?
Is Netflix good stock to buy now?
Netflix had no ratings in the last four weeks Read the article to get additional tips on trading NFLX stock.Currently, Netflix stock matches one trading strategy:
Uptrend buy setup
Netflix stock continues to trend higher since in September 2020 and has marked an amazing 20.07% gain. Price marked a local bottom in this uptrend at $518.28 on February 23, and since then it bounced off a 6.24%. Now, it's only 7.75% away from breaking out over its last top and resume the uptrend. The new entry point is therefore at $593.29. If you decide to enter this trade, the suggested stop loss is at $533.96
| Buy setup | Buy point | Stop loss | Risk |
| Uptrend buy setup | $593.29 | $533.96 | 10.00% |
Is it time to sell Netflix stock?
Currently, Netflix stock doesn't match any of our preferred sell setups, so if you own Netflix shares and your operation is in profit probably is not time to sell now
Netflix stock price action predictions
Since in September 2020, Netflix has been printing an uptrend that by now marked a gorgeous 20.07%. The price shows higher peaks and higher lows, and along the way gave some buying opportunities for those who wanted to trade in. Latest low was on February 23, when price bounced at $518.28. Like in all uptrends, price needs to take breath and currently price is moving in a range between $593.29 and $518.28
SMAs overview
Supports and resistances
The current resistance levels are:
The current support levels are:
Bollinger bands
The price is trading near to the upper Bollinger band, indicating some level of overbought in recent sessions. This is not a bearish indicator, as price can move in these levels for many days and weeks
Relative strength index
The RSI dropped below the overbought level of 70 last January after just crossing to the overbough zone for just one day (weak signal). The RSI reading on Monday was 53.06. Since RSI lost the overbought zone, Netflix shares dropped a 6.09%
Netflix stock price history
Netflix started trading on May 23rd, 2002 priced at $1.16 per share1. Since then, NFLX stock has risen by 47,368.97%, with an average of 2,631.61% per year. If you had invested thousand dollars in Netflix stock on May 2002, it would worth $474,689.66 today.
1: Adjusted price after possible price splits or reverse-splits
Important note:
The viewpoints expressed in this article are personal and not recommendations for you to buy or sell shares. The author of this article does not know the specific scenarios of the reader, his or her finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are provided for general educational purposes onlyNetflix summary
| Monday, March 1st, 2021 | |
|---|---|
| Open | $545.57 |
| Close | $550.64 |
| Day range | $542 - $552.14 |
| Previous close | $538.85 |
| Session gain | 2.19% |
| Average true range | $17.62 |
| 50d mov avg | $535.35 |
| 100d mov avg | $518.54 |
| 200d mov avg | $498.38 |
| Earnings date | April 20th, 2021 |