Antonio’s Perspective: Technical Analysis of Netflix

Netflix, Inc. (NASDAQ:NFLX) was really amazing last week. Not only did NFLX start off the week with gains and a strong breakout but it maintained high levels throughout the entire week. The chart above of the stock shows clearly that “bulls” were able to overcome another attempt by “bears” to stall the sharp rally from the July low.

After a short pause in a sideways consolidation pattern between 95 and 100, during which the 50-day exponential provided a good support, it broke out upwards. The stock rebounded nicely on Friday after touching the lower line of this bull flag and with a positive market next week i think this stock should be moving higher.

Technical daily chart shows very strong bullish sign. First of all, the stock is trading above both 50-day and 200-day moving averages with both moving averages pointing upwards. Then the daily MACD is rising above “0” also indicating a buy. In addition, KD line and ADX still show the stock is on the positive swing.As long as the stock stay above the $100 price level, the bullish scenario still intact.

I want to remind all readers of Stockal that NFLX is often volatile and a fast moving stock, so I suggest everyone to book profits quickly around the key resistances lines and please don’t get greedy.

This is a guest post by  António Costa, acclaimed trader and the popular author of AC Investor Blog.  All views and analysis belong to the author.

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Stockal Data shows Analyst Sentiment can predict Price movement

As published in Benzinga on 9th August. The original article can be found here.

An analysis of Stockal data shows that the Confidence Meter, a 1-100 scale measuring the combined perspectives of over 200 Wall Street analysts, can be an indicator for potential price action as far as several months in advance.

Stockal took a look at four major tech stocks to see how correlated the two are. Here are the results.

Apple Inc.


The Breakdown:

Looking at the chart above, you can see that right around March 2015 the Confidence Meter for Apple fell from around 80 to below 60. Around the same time, Apple’s stock began to trade down from around $130 to $123.

In late 2015, the Confidence Meter fell from near 90 to all the way below 60. Apple’s stock followed suit by trading down from nearly $120 to below $100 as it entered 2016. The Confidence Meter has been bullish on Apple as of late, and the stock has traded up over 11.5 percent over the past month.

Netflix, Inc.


The Breakdown:

From January until early July of 2015, heading into their second quarter earnings, the Confidence Meter trended upward from 50 to 96. During that same time the stock followed suit, going from around $350 to over $700. The sharp subsequent drop in price was preceded by a few days by a drop in the Confidence Meter.

Facebook Inc


The Breakdown:

The spring of 2014 saw the Confidence Meter shoot up from about 75 to 96. Near the end of the year, the stock traded up from about $65 to $80. When the Confidence Meter fell from about 90 to 75 in January of 2016, Facebook stock followed suit by simultaneously falling from about $104 to $94. The Stockal Confidence Meter is bullish on Facebook currently, and the stock is trading up over seven percent over the past month after a successful earnings report in July.

Alphabet Inc 


The Breakdown:

In late 2014 the Confidence Meter on Google fell from around 90 to just under 80, and Google stock responded by falling from around $590 to $540. When the Confidence Meter rose from around 75 to just above 80 in late 2015, and the stock spiked from around $610 to $750. The Stockal Confidence Meter has been bullish on Google as of late, and the stock is up over 10 percent over the last three months.

Applied Materials, Inc & Netflix have bullish sentiments

AMAT– Applied Materials, Inc provides manufacturing equipment, services, and software to the semiconductor, display & solar photovoltaic related industries.

AMAT– Applied Materials Inc

Fundamentals Previously closed at 24.42
Day’s high 24.46
Day’s low 23.41
P/E ratio 22.61
EPS 1.08


Analysts opinion AMAT announced a new $2Billion Stock repurchase program, in addition to the previously announced $3Billion repurchase. More than 85% of shares of AMAT are currently held by Institutional investors. The company also announced quarterly dividends of $0.10 per share.  Analyst confidence meter, a proprietary algorithm of Stockal gives 82% buy based on analyst ratings.
Sentiments AMAT as gained 0.16% Pre-Market today. The sentiment index is 50% Positive according to Stockal proprietary algorithm.
NA Media Pulse The stock has 77% higher social media chatter than usual.

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Bullish sentiments for Time Warner Inc and Redhill Biopharma

TWX – Time Warner Inc is a media and entertainment company in the U.S.

TWX – Time Warner Inc

Fundamentals Previously closed at 73.64
Day’s high 74.83
Day’s low 73.44
P/E ratio 15.92
EPS 4.63


Analysts opinion TWX announced its Q1 revenues today pre-market, post which the stock prices were up by 2%. It posted an EPS at $1.49, beating the wall street estimates by $0.19. Its net sales were in line with wall street expectations at $73 Billion. Revenues were backed by HBO segment, which jumped 7.7% yoy, the movies – “Batman vs Superman”, “American Sniper” and “The Hobbit: Battle of the Five Armies.” The election season and Basketball seems to have been positive factors for TWX.
Also, TWX news has it that it would launch an online movie subscription platform “FilmStruck” later this year, which may be a competitor for Netflix and Hulu. FilmStruck is said to offer access to the complete Criterion movie collection to its subscribers. It also has an increased focus on China. TWX, along with RatPac Entertainment (co owned by producer Brett Ratner) and China Media Capital intend to start a local Chinese fund to invest in Chinese movies.
Sentiments Sentiments for the stock are bullish, with a jump of 2% pre-market
Social Media Pulse The stock has 50% higher chatter than usual.

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Deja-Vu Chinese market plunge

China surprised the markets today by speeding up the devaluation of the yuan to its lowest level in nearly five years. According to experts, devaluation is seen as the last resort to boost China’s exports. Due to this, China’s stock market sank, and triggered the recently installed circuit breaker which halts the markets for 15 minutes after a 5% decline, and shuts down the day’s trading at 7% decline. And thus, China saw its second stock market crash in a week! Today may also be the shortest trading day for China as the trading halted after just 30 minutes of opening.

This has caused the nervousness amongst the investors. According to Christopher Balding, a professor of finance and economics at Peking University’s HSBC Business School, Chinese stock market is very much over valued and in order to get a reasonable valuation, we should be looking at a significant fall. Considering the actions of the Government, (shutting down the trading at just 7% decline whereas, a comparatively stable U.S. market has a 20% threshold) it is less likely that the government would allow a significant fall which would give a reasonable valuation.

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