Pretiming: Weekly NFLX stock forecast

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Showing posts with label Weekly NFLX stock forecast. Show all posts
Showing posts with label Weekly NFLX stock forecast. Show all posts

NFLX. Netflix, Inc. (NFLX) stock for the next 10-Week forecast and technical analysis.

NFLX 10-Week forecast and technical analysis by Pretiming.

Closed price

May 29, 2023

400.47

5.70%

Appropriate Investment Position: Buy and Hold

This week's stock price Buy-Sell strength analysis

The current trend appears to be 'Entering a correction trend'. The OPEN-price started with a stronger upward rate than the current trend and The HIGH and LOW prices are showing an appropriate HIGH-price to the current trend and a weaker LOW-price Finally, the CLOSE-price closed with a suitable upward rate for the current trend.

The overall buy-and-sell strength indicates that the buy strength is stronger than the sell.

Assuming that the average buy strength is 100%,

This week's buy strength is

152%

 

 

Next week's stock price Buy-Sell strength Forecast

Based on recent stock trends and technical analysis, it looks like NFLX stock will enter an Correction trend next week

The %strength of Risk & Return next week :

-45%

HIGH ~ LOW % range next week :

0.7%

-8.6%

Predicted Average loss over the next 3 weeks:

-16.2%

The price of NFLX stock moves in line with the rise and fall of the stock market index with a probability of

70%

 

, and conversely, it moves against the stock market index trend with a probability of

30%

 

because of the high similarity, the predicted flow might change depending on the flow of the stock market index. If any changes are made, the stock flow of the 10-week forecast may also change.

NFLX stock price 10 Week forecast

It is expected that the overall trend movement over the next 10 weeks will follow an ascending rectangle pattern, with a ratio of 5 : 5 for the downward to upward direction, with the proportion of the upward and downward trend being equal. And, in terms of the expected strength of the upward and downward movements, the upward strength is somewhat higher, while the downward strength is moderate. Currently, it's about to begin a correction trend as an upward trend gradually gives way to a slowdown in rises and falling fluctuations. but When the stock market opened, the Buy-Sell strength had turned into a stronger buying flow.

Indicating that We are currently in a bullish zone. Therefore, it is recommended to implement a strategy to increase profits and take a suitable investing position. A suitable investing position is 'Buy(Bullish) and Hold' for now. The appropriate buying timing is predicted to be in 3 weeks.

The buying date is

Jun 12

to

Jun 19

A good price to buy a stock:

$ 362.21

And the appropriate selling timing is predicted to be in 7 weeks.

The selling date is

Jul 10

to

Jul 17

A good price to sell a stock:

$ 441.75

(Forecast may change due to changes in the Buy-Sell strength)

Volatility of forecast

Due to sudden changes in Buy-Sell strength that can cause instability in trend linkage, pretiming forecasting can be highly volatile.

Predicting the turning point of the trend

The probability of a trend reversal occurring approximately 1 week from now, 4 weeks from now, 8 weeks from now

63%

Forecast of Upper~Lower price range over the next 10 weeks

Price:

369.03

~

433.44

% Change:

-7.9%

~

8.2%

Median price between the upper and lower prices

401.24

0.2%

Analysis of the trend zone & level% and average strength of trends

For the last 30 weeks, the average trend zone & level%

Bullish

33%

The Current trend zone & level%

Bullish

63%

The expected average trend zone & level% for the next 10 weeks

Bullish

51%

If the trend moves upward from the current trend level%, it's expected to have an average upward strength of

57%

(Max 100%)

And if it moves downward, it is expected to have a downward strength of

-41%

(Min -100%)

Forecasting the strength of the trend and the range of the HIGH ~ LOW

Trend

Strength%

HIGH

LOW

In 1 week: Entering a correction trend

-45%

0.7%

-8.6%

In 2 weeks: Correction trend

-42%

0.3%

-4.5%

In 3 weeks: Entering an uptrend

-37%

-0.1%

-4.1%

In 4 weeks: Entering an uptrend

100%

8.3%

-0.4%

In 5 weeks: Uptrend

82%

4.8%

-1.5%

In 6 weeks: Uptrend

92%

8.1%

-0.1%

In 7 weeks: Entering a correction trend

4%

4.0%

-1.0%

In 8 weeks: Entering a correction trend

-36%

0.4%

-3.8%

In 9 weeks: Correction trend

-46%

0.1%

-5.0%

In 10 weeks: Entering an uptrend

8%

1.7%

-1.4%

Average closing price in case of rising:

 

5.3%

=> HIGH ~ LOW range:

6.7%

~

-2.1%

Average closing price in case of falling:

 

-3.6%

=> HIGH ~ LOW range:

2.6%

~

-5.9%

Stock forecast is based on the buy-sell strength analysis of pretiming. Get detailed information including best stocks to buy, stock price target and investment strategy, Bearish & Bullish stock trend analysis, stock technical analysis.