Don’t waste your time – keep track of how NFP affects the US dollar!

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Join the Facebook community of FBS!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Email tooltip

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

FBS Mobile Personal Area

FREE

View
Netflix stock ahead of the earnings: $600 is the next milestone?

Netflix stock ahead of the earnings: $600 is the next milestone?

Information is not investment advice

What?

Netflix will post the earnings report for the first quarter on Wednesday, at 01:00 MT (GMT+3) time. Thus, we will see the company’s revenue and EPS after the market closes.

Forecasts:

EPS: $2.98 (+89.8% from the Q1 2020);

Revenue: $7138 million.

What is moving the Netflix stock these days?

After impressive results in 2020, when Netflix’s number of subscribers surpassed 200 million amid the Covid-preventing lockdowns, the company needs to prove its dominance in the streaming world. While the subscription levels and the quality of shows in the platform remain on top, there is some slightly noticeable downturn in the download volumes and web traffic, according to SimilarWeb. However, positive factors for the Netflix stock still prevail. For example, the number of subscription cancellations remained low in March despite the price hikes. Therefore, there are high chances of the actual data beating estimates during the upcoming release.

Technical picture

The Netflix stock has been in a long-term consolidation between the $500 and $567 levels. The release of the earnings data may change the performance of NETFLIX. If the results outperform the forecasts, the stock will soar above $558-567 towards $593-600. On the other hand, the slide below $538 will happen. In this kind of scenario, the next obstacle for bears will be a strong one, as it will lie near the ascending trendline and 200-day SMA. If the earnings are mixed, the stock will continue trading sideways between the support of $515 and the resistance zone of $558-567.

Keep in mind that the report will come out when the stock market will be shut. Thus, there may be gaps in the chart of the Netflix stock after the market opens. If a gap occurs, the price may try to fill it in. As a result, a stock may move in the opposite direction after the gap.

For example, if earnings are disappointing, the gap down may appear right after the market opens at 16:30 MT (GMT+3) time. After that, the stock has a high chance to rise.

NETFLIXDaily.png

By the way, trading Netflix stock is also available in FBS Trader!

2021-4-20 16.36.30.698.jpg

Don't know how to trade stocks? Here are some simple steps.

  1. First of all, be sure you’ve downloaded Metatrader 5. FBS allows you to trade stocks only through this software.
  2. Open an account in the MT5 account in your personal area.
  3. Start!

Similar

Microsoft: earnings report on July 27

What will happen?  Microsoft, the US IT company, will present its earnings report for the second quarter on July 27 after the stock market closes (23:00 GMT+3)…

Popular

Gold exploded after FOMC meeting!

As we discussed in the previous article devoted to gold, the price is growing extremely fast after a dovish FOMC’s statement…

Choose your payment system

Learn more

Callback

Please fill in the form below so we can contact you

Select the best time for us to call you. We give calls from Monday to Friday in suggested intervals. In case we couldn't get through, we will try again at the same time the next day. For getting real-time assistance, use FBS chat.

We provide only English-speaking callbacks. If you prefer any other languages, contact the support team.

We will call you at the time interval that you chose

Change number

Your request is accepted.

We will call you at the time interval that you chose

Next callback request for this phone number will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later