• Netflix (NFLX) Surges Amid Bullish Outlook: Short-Term Rise and Positive Long-Term Forecast

  • Nov 14 2024
  • Length: 3 mins
  • Podcast

Netflix (NFLX) Surges Amid Bullish Outlook: Short-Term Rise and Positive Long-Term Forecast

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  • Summary

  • **Netflix (NFLX) Analysis:**

    1. **Current Price and Intraday Trading Range:**
    - The current price of Netflix (NFLX) is $830.47 as of November 13, 2024[3].
    - The intraday trading range for November 13, 2024, is not provided in the given sources, but historical data shows significant daily movements, such as a $13.78 range on June 28, 2024[3].

    2. **Pre-market and After-hours Movement:**
    - No specific pre-market and after-hours data are provided for November 13, 2024, in the given sources.

    3. **Trading Volume vs Average:**
    - Historical data shows varying trading volumes, with 2.364M shares traded on November 11, 2024, and 3.295M shares on November 7, 2024[2].

    4. **Recent News or Announcements:**
    - No recent news or announcements are mentioned in the provided sources for the last 24 hours.

    5. **Major Analyst Updates or Price Target Changes:**
    - No specific analyst updates or price target changes are mentioned in the provided sources.

    6. **Options Flow Activity:**
    - No information on options flow activity is provided in the given sources.

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

    8. **Key Technical Indicators for Day Trading:**
    - **Short-term forecast:** The stock is expected to rise 14.22% in the next 3 months, with a 90% probability of holding a price between $694.07 and $791.60[3].
    - **Moving Averages:** There is a buy signal from the long-term average, with the short-term average above the long-term average[3].
    - **Support Levels:** The stock finds support at $610.56 and $555.04[3].
    - **Volatility:** The stock has average movements during the day and good trading volume, indicating medium risk[3].
    - **Fear & Greed Index:** The index shows 39 (Fear), but the sentiment is bullish, with 67% green days over the last 30 days[5].
    - **Price Prediction:** The stock is predicted to reach $907.27 by December 14, 2024, a 9.25% increase[5].

    **Market Sentiment:**
    - The overall sentiment is bullish, with a strong rising trend in the short term and a positive forecast for the next 3 months[3][5].
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