With the Q3 Earnings being posted on 10/19/21 for Netflix I wanted to give a brief analysis and give my predictions on Netflix's directional trend for its future. I Believe Netflix is in strong position to reach $1000 before 2023 or during 2022. I've been following Netflix's trend for a while now and at one point was personally invested in it; I had bought in at $300 back around 3/20 and would still be invested if it wasnt due to unfortunate events. In the chart I graphed, you can see under the magnifying glasses The RSI isn't at extreme levels of overbuying, but rather slightly over the 50 line right aroung 60, which indicates that the overbuying is just above normal levels. That is good indication for an uptrend because it leaves room for buyers to be more aggressive with buying and due to the rally that we seen with netflix in the past couple weeks. A 60 RSI could be indication that Netflix's stock is setting up for even higher highs and is searching for higher lows to become the new floor. Currently With the rally that Netflix has seen within the last few weeks, a moderate RSI indicates to me that the bullish movement is far from over. The magnfiy glass under the MACD shows that the short term trend crossed over the long turn trend which is a indication of bearish reversal. However A consistent trend of netflix's chart shows that during earnings netflix tends to trend down before setting up for another rally, i believe that this time is no different. Also if you look at the magnfiying glasses under the volume youll see stronger bullish volume increasing with a strong upward trend. Another indication that the trend will continue to go higher. Also if you look at the bollinger bands inside the magnifying glass the bollinger bands are motioned in a curved upward direction which could also be used as indication of the trend moving forward. How I came to the conclusion that netflix will reach $1000 by 2023 or 2022 is by placing a projection graph towards the end of the chart and stretching it towards 10/21 to see where it will be hypothetically if netflix continued its trend direction.
in Q3 Netflix reported 7.48 Billion in revenue as expected,
3.19 billion in Earnings per share rather than the expected $2.56 yahoo finance predictions
4.38 million net subcriber additions vs. the 3.72 million expected, rebounding themsevles from Q2.
Netflix also anticipates 8.5 million new paid users to join the platform in the fourth quarter compared to the 8.32 million consensus analyst according to yahoo finance.
Netflix is having much success internationally, with Europe, The Middle East, Africa, Latin America and the Asia-pacific region being the basis of new users. Q3 went very well for netflix raking in 213.6 million paying subscribers.
in Q3 Netflix reported 7.48 Billion in revenue as expected,
3.19 billion in Earnings per share rather than the expected $2.56 yahoo finance predictions
4.38 million net subcriber additions vs. the 3.72 million expected, rebounding themsevles from Q2.
Netflix also anticipates 8.5 million new paid users to join the platform in the fourth quarter compared to the 8.32 million consensus analyst according to yahoo finance.
Netflix is having much success internationally, with Europe, The Middle East, Africa, Latin America and the Asia-pacific region being the basis of new users. Q3 went very well for netflix raking in 213.6 million paying subscribers.