NFLX Analysis: Changes in Management, Price at Minimum


Yesterday, the NFLX share price dropped below USD 370, the lowest since late May of this year, and about -22% from the July peak.

Note that on July 6, we wrote that the NFLX stock price could meet resistance at USD 450 per share, and the signals from the chart gave bearish warnings. Just since July, the stock price began to perform worse than the broad S&P 500 market index.

Perhaps the company knows better about the reasons for the emerging negative dynamics and is making changes in management. This week it became known about the appointment of Amy Reinhard to the post of president of the company's advertising business. New product directors and technical directors were also appointed.

Will new executives help the stock return to its upward trajectory?

Bearish arguments:

→ a long upper shadow on the October 3 candle may indicate the strength of sellers in the stock market;

→ Thursday’s bearish candle may become an element of a breakout of the long-term channel (shown in blue);

→ pressure on the price of NFLX shares may be exerted by a negative trend in the stock market due to the tough policy of the Federal Reserve.

Bullish arguments:

→ a breakdown of the lower border of the ascending channel may turn out to be false;

→ support may come from the level of USD 370, which previously had an impact on the price.

The approaching earnings season may have a strong impact on the price. Already on October 18, we will learn the results of NFLX for the past quarter.

Buy or sell shares with CFDs in some of the world's biggest publicly listed companies on FXOpen’s trading platform. Open your FXOpen account now or learn more about trading share CFDs with FXOpen.

This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

Latest from Shares

5 Stocks To Consider in December 2023 Your Gateway to the Chinese Market: A Look at 10 Newly Added ETF CFDs A look at FXOpen’s new ETF CFDs: American, Chinese and Indian markets at your fingertips MSFT Analysis: New All-time High NVDA Analysis: Share Price Reaches 2-month High on News of New Chips

Latest articles

Financial Market News

Weekly Market Wrap With Gary Thomson: AUD/JPY, RATE HIKES, S&P 500, WTI Oil

Get the latest scoop on the week's hottest headlines, all in one convenient video. Join Gary Thomson, the COO of  FXOpen UK, as he breaks down the most significant news reports and shares his expert insights. AUD/JPY: Rate Falls

Trader’s Tools

Fixed Exchange Rates: Benefits and Limitations

Fixed exchange rates, a cornerstone of international finance, play a pivotal role in shaping global commerce and investment landscapes. This article delves into their intricacies, exploring the historical evolution, practical understanding, and the balance of benefits and challenges they present.

Trader’s Tools

Alternative Investment Options

Traders and investors are increasingly turning to alternative investment options to diversify their portfolios and seek new avenues for potential returns. In this FXOpen article, we discuss alternative investments, examining the types and explaining the reasons why they are gaining

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 60% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.