Netflix (NFLX) stock price update and support and resistance levels for the stock
So what the values above shows that if Netflix (NFLX) stock is to fall from its current levels it is likely to find support for the stock price at $501.20 (30 day moving average), if it falls below that price the 50 day moving average price of $496.41 will provide support and it will find strong support at the 200 day moving average price of $422.98."
More About Netflix (NFLX)
Netflix, Inc. (“Netflix”, “the Company”, “we”, or “us”) is the world’s leading subscription streaming entertainment service with over 182 million paid streaming memberships in over 190 countries enjoying TV series, documentaries and feature films across a wide variety of genres and languages. Members can watch as much as they want, anytime, anywhere, on any internet-connected screen. Members can play, pause and resume watching, all without commercials.
Additionally, over two million members in the United States ("U.S.") subscribe to our legacy DVD-by-mail service. We are a pioneer in the delivery of streaming entertainment, launching our streaming service in 2007. Since this launch, we have developed an ecosystem for internet-connected screens and have added increasing amounts of content that enable consumers to enjoy entertainment directly on their internet-connected screens. As a result of these efforts, we have experienced growing consumer acceptance of, and interest in, the delivery of streaming entertainment. Our core strategy is to grow our streaming membership business globally within the parameters of our operating margin target. We are continuously improving our members' experience by expanding our streaming content with a focus on a programming mix of content that delights our members and attracts new members. In addition, we are continuously enhancing our user interface and extending our streaming service to more internet-connected screens. Our members can download a selection of titles for offline viewing.
Additionally, over two million members in the United States ("U.S.") subscribe to our legacy DVD-by-mail service. We are a pioneer in the delivery of streaming entertainment, launching our streaming service in 2007. Since this launch, we have developed an ecosystem for internet-connected screens and have added increasing amounts of content that enable consumers to enjoy entertainment directly on their internet-connected screens. As a result of these efforts, we have experienced growing consumer acceptance of, and interest in, the delivery of streaming entertainment. Our core strategy is to grow our streaming membership business globally within the parameters of our operating margin target. We are continuously improving our members' experience by expanding our streaming content with a focus on a programming mix of content that delights our members and attracts new members. In addition, we are continuously enhancing our user interface and extending our streaming service to more internet-connected screens. Our members can download a selection of titles for offline viewing.
Netflix (NFLX) stock price history over the last 5 years
The image below shows the stock price history of Netflix (NFLX) over the last 5 years. And its been a VERY good time for Netflix stockholders. Over the last 5 years the stock of Netflix (NFLX) has increased by a whopping 443.8%. A return no investor would every say no to.
But we do believe from a fundamental and financial analysis point of view that the stock of Netflix is overvalued. But there is of course technical analysis to. And we will be taking a look at some of the support and resistance levels of the stock of Netflix based on pivot points and various moving averages.
Support and resistance levels of Netflix (NFLX) stock using moving averages
So we will take a look at the support and resistance levels provided by shorter term moving averages (10 and 30 days) and then longer term support and resistance levels provided by the 50 day and 200 day moving averages
10 and 30 day moving averages |
50 and 200 day moving averages |
So what the values above shows that if Netflix (NFLX) stock is to fall from its current levels it is likely to find support for the stock price at $501.20 (30 day moving average), if it falls below that price the 50 day moving average price of $496.41 will provide support and it will find strong support at the 200 day moving average price of $422.98.
The reverse is also true, if the stock of Netflix is below any of these moving averages, it will find resistance at the prices of the various moving averages mentioned above.
The reverse is also true, if the stock of Netflix is below any of these moving averages, it will find resistance at the prices of the various moving averages mentioned above.
Netflix (NFLX) stock price support and resistance levels based on pivot points
The image below shows support and resistance levels for the stock of Netflix (NFLX) based on pivot points with a monthly time scale.
So based on the pivot points and a monthly time scale the support and resistance levels of Netflix's stock is as follows:
- Resistance 3: $650.87
- Resistance 2: $604.13
- Resistance 1: $552.08
- Pivot: $505.34
- Support 1: $453.23
- Support 2: $406.55
- Support 3: $354.50