• Netflix Surges on Bullish Momentum and Analyst Optimism

  • Nov 13 2024
  • Length: 2 mins
  • Podcast

Netflix Surges on Bullish Momentum and Analyst Optimism

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  • Summary

  • **Netflix (NFLX) Analysis:**

    1. **Current Price and Intraday Trading Range:**
    - Current price: $819.64[2].
    - Intraday trading range: High $820.37, Low $805.96[2].

    2. **Pre-market and After-hours Movement:**
    - No specific pre-market or after-hours data provided in the sources.

    3. **Trading Volume vs Average:**
    - Recent trading volume: 1,822,107 million shares[1].
    - Average volume: 3,933,790 (20-Day average)[4].

    4. **Recent News or Announcements:**
    - Netflix offices raided in Paris and Amsterdam in tax fraud investigation[1][2].
    - UFC might be Netflix’s next big draw[1][3].
    - Netflix celebrates two years of ads with 70 million users[3].

    5. **Major Analyst Updates or Price Target Changes:**
    - Average price target: $786.86, indicating a 0.85% upside[3].
    - Analyst consensus: Moderate Buy[3].

    6. **Options Flow Activity:**
    - No specific options flow activity data provided in the sources.

    7. **Related Semiconductor/AI Sector News:**
    - No direct semiconductor/AI sector news affecting Netflix in the provided sources.

    8. **Key Technical Indicators for Day Trading:**
    - Moving averages: 5-Day $778.24, 20-Day $751.65, 50-Day $719.50[4].
    - Stochastic indicators: 9-Day 98.07%, 14-Day 98.20%, 20-Day 99.20%[4].
    - Relative Strength Index (RSI): 76.82% (9-Day), 70.87% (14-Day), 67.47% (20-Day)[4].

    **Market Sentiment:**
    - Bullish sentiment: 84%[3].
    - Blogger sentiment: Bullish[3].
    - Hedge fund trend: Increased by 37.4K shares last quarter[3].

    **Conclusion:**
    Netflix (NFLX) is currently trading at $819.64 with a high of $820.37 and a low of $805.96. Recent news includes tax fraud investigations and potential UFC content additions. Analysts maintain a Moderate Buy consensus with a $786.86 price target. Technical indicators show strong upward momentum with high stochastic values and increasing moving averages. Market sentiment is predominantly bullish.
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