Home
News
- 1 NFLX stock price increased by 2.12% over the past day and by 3.34% over the past week.
- 2 Netflix Inc ( NASDAQ: NFLX) stock’s 52-week price range is $273.41 – $485.00.
Netflix was experiencing an incline in its earnings at 29.6% per year on average, as per a financial website called Simply Wall St. The Entertainment industry’s average annual earnings growth is 11.4%. Therefore, NFLX earnings are higher than the industry average.
As reported by Simply Wall St., Netflix has a debt-to-equity ratio of 63.4%. This implies that it has less debt than equity, which is the difference between its total assets of $50.82 Billion and total liabilities of $27.99 Billion. Netflix’s debt is $14.47 Billion, while its equity is $22.83 Billion.
The market capitalization of Netflix stock is $195.321 Billion and the total revenue is $31.616 Billion. Moreover, the stock’s basic EPS is $9.55 and the price-to-earnings ratio is 45.88. The average volume is 22.193 K and the current volume is 58.218 K, the current volume is above the average volume.
Netflix stock has done well in the last month, increasing by 0.49% and by 22.43% in the last six months. Netflix Inc (NASDAQ: NFLX) stock has a positive year-to-date return of 47.88% and a positive one-year return of 95.63%.
Technical Analysis of Netflix Stock Stock Price in 1-D Timeframe
The price action shows that Netflix Inc’s ( NASDAQ: NFLX) stock price has been on an inclining trend for the last three months, increasing by 33.29% making higher highs and higher lows and rising. At the time of writing, NFLX stock took support on the support of $409.47 and trading around $440.76.
Therefore, if it maintains the current level, the NFLX price could continue to move upward and reach the first and second targets of $492.87 and $511.32. However, if the NFLX price fails to sustain the current level and drops, it might hit the nearest support levels of $409.47 and $386.23.
At the time of publishing, Netflix Inc. (NASDAQ: NFLX) is trading above the 20, 50, 100, and 200-day EMA (exponential moving averages), which are supporting the NFLX price trend. Hence, the NFLX price is expected to move upwards showing bullish views over the daily time frame chart.
The current value of RSI is 54.54 points. The 14 SMA is above the median line at 50.94 points which indicates that Netflix stock is bullish as the RSI took 14 SMA support and above the neutral line indicating the price is headed for overbought territory.
The MACD line at 1.67 and signal line at 3.06 are above the zero line and both lines have narrowed on in each other. A bullish crossover is anticipated next in the MACD oscillator which might signal more bullishness for the Netflix stock price.
Summary
Netflix Inc (NASDAQ: NFLX) indicates that the investors and traders of the stock price are bullish on the 1-D time frame. The price action reflects a bullish outlook at the time of publishing. The technical analysis tools of the Netflix stock price also support the bullish trend. The MACD, RSI, and EMA highlight positive signals and imply that the uptrend may continue in Netflix’s stock price.
Technical Levels
- Support levels: The nearest support levels for Netflix’s stock price are $409.47 and $386.23.
- Resistance levels: The nearest resistance levels for Netflix stock price are $492.87 and $511.32.
Disclaimer
In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.
