Netflix Stock Price Analysis: Will NFLX Hit The $450 MARK?
Netflix stock making higher highs and maintaining its momentum. NFXL has shown remarkable growth over the past 52 weeks, hitting a high of $456.48 from a low of $188.40. This shows a significant uptrend, reflecting investor optimism in the company’s performance. Over the past three months, Netflix Inc. has had an average trading volume of 6.009 Million and over the past 10 days, it has had an average trading volume of 11.493 Million.
Strong fundamentals and technicals led Netflix’s stock price to break from its lows and form higher high patterns. While the market can be volatile and unpredictable, investors must be cautious and watch the price action closely.
NFXL stock has a market capitalization of 187.894 Billion with a current price-to-earnings ratio of 49.32. It generated a revenue of 32.13 Billion and a net income of 4.49 billion in the previous year, which was lower than the previous year 2021. The company has a profit margin of 14.21% and a debt of 16.93 Billion with a free cash flow of 1.62 Billion.
Netflix Stock Price Technical Analysis
Netflix stock price is above the 50 and 200-day SMAs, which indicates that the price is in an uptrend. There is a possibility that the stock’s worth will increase even further in the upcoming week if the buyers support the price. A bullish cross between the 50-day and 200-day MAs is indicating the uptrend.
Source: (NetFlix Inc stock)/NASDAQ .1D by TradingView
According to the RSI, the market is in an uncertain phase at 45.26 points. As you can see, the 14 SMA line is below the median line, around 60.17 points above the median line. Likewise, the 14-Day SMA line is above the median line and declining.
Conclusion
Netflix stock Prediction is bullish and it making the higher-highs structure. Moreover, the technical chart and fundamentals give a profitable outlook. If the price breaks its main trendline resistance slightly, it may increase further in the near future. NFXL stock price shows a positive scenario at the moment. Major reliable indicators such as EMA, RSI, MACD, and Supertrend support the bullish signals for Netflix stock. If the buyers keep their support for the stock, then it will easily hit the level of $461.
Technical Levels:
- Support – The current support level is $406.16.
- Resistance –The current resistance level is $461.50.
Disclaimer
The analysis provided in this article is for informational and educational purposes only. Do not rely on this information as financial, investment, or trading advice. Investing and trading in stock involves risk. Please assess your situation and risk tolerance before making any investment decisions.
