Traders can view candlesticks that represent the price action of NetFlix stock with different granularity – for example, you could choose a 5-minute candlestick chart for extremely short-term price action or choose a weekly candlestick chart to identify long-terms trends. When making a NetFlix stock forecast, most traders use candlestick charts, as they provide more information than a simple line chart. How to read NetFlix stock charts and forecast price movements? Traders also like to use the RSI and Fibonacci retracement level indicators to try and ascertain the future direction of the NetFlix stock price. Conversely, a drop below an important moving average is usually interpreted as a negative forecast for the NFLX market. If the NetFlix stock price moves above any of these averages, it is generally seen as a bullish sign for NetFlix stock. The EMA gives more weight to more recent prices, and therefore reacts more quickly to recent price action.ĥ0-day, 100-day and 200-day moving averages are among the most commonly used indicators in the stock market to identify important resistance and support levels. In addition to the simple moving average (SMA), traders also use another type of moving average called the exponential moving average (EMA). For example, a 12-day simple moving average for NFLX is a sum of NFLX’s closing prices over the last 12 days which is then divided by 12. As the name suggests, a moving average provides the average closing price for NFLX stock over a selected time frame, which is divided into a number of periods of the same length. Moving averages are among the most popular NetFlix stock prediction tools. When trying to make a NetFlix stock forecast, traders also try to identify important support and resistance levels, which can give an indication of when a downtrend is likely to slow down and when an uptrend is likely to stall. These tools can roughly be divided into indicators and chart patterns. NetFlix stock traders use a variety of tools to make a prediction on which way the NFLX market is likely to head next. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. The information provided is for general information purposes only. Based on our NetFlix stock forecast, it's now a good time to buy NFLX stock because it's trading 1.87% below our forecast.ĭisclaimer: This is not investment advice. NFLX stock recorded 13/30 (43%) green days with 7.86% price volatility over the last 30 days. According to our technical indicators, the current sentiment is Neutral while the Fear & Greed Index is showing 39 (Fear). CNBC's Lora Kolodny contributed to this report.According to our current NFLX stock forecast, the value of NetFlix shares will rise by 1.91% and reach $ 568.49 per share by February 18, 2024. Netflix shares are up nearly 23% year to date but are still around 16% below their 2021 high. Though Hastings remains the executive chairman of Netflix, the company has no obligation to disclose the reason behind the gift or the beneficiary. Those sales have netted him around $2 billion. Given his long tenure at Netflix, he also has several tranches of options that he has historically sold at a steady clip, VerityData's Silverman told CNBC. Hastings retains just under three million Netflix shares with a value of around $1.7 billion. In 2020, he announced he would donate $120 million to two historically Black colleges and universities and the United Negro College Fund. Hastings has several philanthropic pursuits. "There's always a possibility that they're shifting the stock somewhere else, for example to a trust where they don't have control or are not a beneficiary." "We don't know what it could be, whether it's a charity or multiple charities," VerityData Vice President Ben Silverman told CNBC. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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