Netflix Inc | NFLX

Daily Technical Analysis of Netflix Inc

Netflix is down a bit on the day, funds flowing out kept the price down -1.79% since yesterday.

Currently NFLX isn't at a clear support/resistance line that seems tradable. But let's also consider momentum! Netflix has had a nice run over the last year and provided good returns to shareholders. Over the previous year, the Entertainment company has grown 70.23 percent which isn't too bad. NFLX may hit some resistance around the 399.33 level, more sellers may enter the market here and push price back down. But it's definitely not guaranteed.

Last analyzed on 2024-03-17

Analyst Ratings for Netflix By Price Target And Rating

Analysts currently have an extremely positive outlook for NetFlix. This normally relates to positive future price increases, especially on pullbacks. The current Analysts Sentiment Score is 342.54. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. Sanford C. Bernstein boosted their price targ by 22.45% to $600.00 on 2024-04-19. Pivotal Research gave a boost to their price target and moved to $800.00 from $765.00 on 2024-04-19. Rosenblatt Securities announced a lowering of their price target to $540.00 from $554.00 on 2024-04-19. Wells Fargo & Company boosted their price targ by 11.69% to $726.00 on 2024-04-19. Needham & Company LLC announced an upgrade on 2024-04-19 from Hold to Buy and they set their price target at $700.00. Canaccord Genuity Group downgraded from Buy to Hold on 2024-04-19 and they lowered their price target by -18.75% to $585.00 from a previous target of $720.00. On 2024-04-19 there was confirmation of the previous rating by Wedbush which was Outperform and provided a price target of $725.00. Oppenheimer reiterated a rating of Outperform on 2024-04-19 and added a price target of $725.00. Evercore ISI provided a price target boost of 1.56% to $650.00 from $640.00 on 2024-04-19. Bank of America gave a boost to their price target and moved to $700.00 from $650.00 on 2024-04-19.

Company	Ratings Score ? Composite analyst sentiment score	Positive Ratings	Negative Ratings	Boost Price Target	Lower Price Target
NFLX	342.54	420.26	-235.58	594.3	-93.9

Earnings Per Share (EPS) Estimates By Year and Quarter

(updated 2024-04-23)

Company	YOY Growth Score (typical -20 to +20)	Revision Directions (-6 to +6)
NFLX	0.00	0.00

Short interest for NetFlix

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Company	Short Score (typical 1-15) ? We take into account several different measures and attributes of short interest to create a composite sentiment score. typical range (0 - 30)	Short Interest	Days to Cover	Rate of Change	Shares Short
NFLX	1.57	%1.9	1.4	-5.346	8280000

How NetFlix compares to the broader Consumer Cyclical sector and the more specific Entertainment industry

Segment	Count	1 Day%	5 Day	1 Month	3 Month	6 Month	1 Year	RSI	3mo S-momo ? Smooth Momentum is our proprietary technical indicator that looks for momentum with the greatest consistency and steady velocity. We have penalized dramatic swings and fluctuations. If the momentum is too high and an asset spikes upward, this is often unreliable and collapses back down. But the smoothed momentum provides the highest probability of continuing into the near future with the same directional rate of change. Several complex factors are weighted by neural nets to maximize probabilistic accuracy. It works the same with positive or negative directions.	6mo S-momo	1yr S-momo	Resistance ? Support and Resistance levels are determined by previous high and low points. You may be familiar with traders drawing lines across charts where several peaks or valleys occur in the same range. This helps us understand the trading range of an asset where the market doesn't perceive it to be worth more or less than a certain price level. When it nears the boundaries of this range the probability of reversal can increase. Our neural nets create scores for this measure based on many factors such as the frequency, recency, size, consistency, etc of previous reversal points.	Support	Demark Sell ? Demark 9 indicators are designed to look for exhaustion in the selling or buying trend which can often be predictive of a reversal point. This indicator is triggered when there are 9 consecutive days where the closing price is higher/lower than the closing price 4 days ago. Like all indicators, it is best used in combinations with other factors.	Demark Buy	Short Interest	Analysts Ratings ? We track several different measures of analyst sentiment including ratings and price targets. To create a composite Analyst Sentiment Score, we weight several factors such as the recent rate of change which can be more predictive than the absolute level. We also weight each analyst's opinion based on their historic accuracy. We built in a time decay function to ensure that the rating reflects the current sentiment levels. Typical range (-80 to +80)
Entertainment Show Me Companies With: S-Momentum: Highest \| Lowest At Bottom Support At Top Resistance RSI Highest \| Lowest 1 Day Growth: Highest \| Lowest 5 Day Growth: Highest \| Lowest 1 Month Growth: Highest \| Lowest 6 Month Growth: Highest \| Lowest List All Stocks	25	-1.31	0.59	-6.28	-8.97	2.40	-3.97	48.40	20.01	9.64	20.22	-27193.77	-7134.17	10.00	6.00	6.01	49.56
Consumer Cyclical Show Me Companies With: S-Momentum: Highest \| Lowest At Bottom Support At Top Resistance RSI Highest \| Lowest 1 Day Growth: Highest \| Lowest 5 Day Growth: Highest \| Lowest 1 Month Growth: Highest \| Lowest 6 Month Growth: Highest \| Lowest List All Stocks	300	-1.06	1.40	-8.33	-0.84	16.88	16.87	46.17	34.12	18.11	20.71	-11925.91	-14791.47	9.58	10.75	5.99	32.57

Social Sentiment for NetFlix

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.

Ticker	Social Sentiment(1-10)
NFLX

Companies with the highest correlation to NetFlix

Company	Score	1 Day%	5 Day	1 Month	3 Month	6 Month	1 Year	RSI	3mo S-momo ? Smooth Momentum is our proprietary technical indicator that looks for momentum with the greatest consistency and steady velocity. We have penalized dramatic swings and fluctuations. If the momentum is too high and an asset spikes upward, this is often unreliable and collapses back down. But the smoothed momentum provides the highest probability of continuing into the near future with the same directional rate of change. Several complex factors are weighted by neural nets to maximize probabilistic accuracy. It works the same with positive or negative directions.	6mo S-momo	1yr S-momo	Resistance ? Support and Resistance levels are determined by previous high and low points. You may be familiar with traders drawing lines across charts where several peaks or valleys occur in the same range. This helps us understand the trading range of an asset where the market doesn't perceive it to be worth more or less than a certain price level. When it nears the boundaries of this range the probability of reversal can increase. Our neural nets create scores for this measure based on many factors such as the frequency, recency, size, consistency, etc of previous reversal points.	Support	Demark Buy	Short Interest Score
NOW \| SERVICENOW, INC.	0.95	2.24	1.44	-4.69	-5.02	32.92	61.18	53	101.52	68.25	126.62	-469.37	-43752.01	0	1.73847
PYPL \| PayPal Holdings, Inc. Com	0.81	1.86	3.32	0.40	5.27	26.16	-12.09	85	1.04	-0.88	-3.82	-548.81	-3199.13	0	1.25676
SHOP \| Shopify Inc. Class A subo	0.8	0.96	0.96	-8.90	-7.16	52.56	49.67	64	11.12	27.23	54.49	-799.28	-22227.02	0	2.43654
TYL \| Tyler Technologies, Inc.	0.76	9.32	13.57	7.78	8.35	24.94	24.79	34	24.35	19.81	32.05	-2899.49	172.93	0	2.39283
SPOT \| Spotify Technology S.A.	0.72	2.77	4.78	9.52	34.21	78.61	117.11	37	218.21	180.74	99.76	-1050.00	-38516.07	0	1.65933
ESTC \| Elastic N.V.	0.71	1.90	8.56	6.19	-10.01	42.41	81.44	23	12.64	44.03	70.04	-4534.06	-21955.99	150	6.35
TWLO \| Twilio Inc.	0.71	-1.59	4.27	-1.86	-14.67	17.18	14.17	52	0.16	-0.51	4.83	-12254.60	-1476.92	0	2.45188

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