{"id":5965,"date":"2024-09-27T10:43:13","date_gmt":"2024-09-27T10:43:13","guid":{"rendered":"https:\/\/alchemymarkets.com\/?post_type=market_insights&p=5965"},"modified":"2025-05-14T08:58:57","modified_gmt":"2025-05-14T08:58:57","slug":"netflix-sep-2024","status":"publish","type":"market_insights","link":"https:\/\/alchemymarkets.com\/sv\/education\/market-insights\/chart-of-the-day\/netflix-sep-2024\/","title":{"rendered":"Netflix Stock Forms All-Time Highs, Eyes $800.00"},"content":{"rendered":"\n

Netflix’s stock has broken past its previous all-time high, reaching $725.2. Short-term price targets could focus on round numbers like $750, with resistance expected near $775 and $800. Market sentiment remains bullish amidst strong earnings and positive growth prospects. <\/p>\n\n\n\n

That being said, there are still a few considerations to keep in mind for holders and traders of the NFLX stock.<\/p>\n\n\n\n

NFLX Stock Daily Chart Analysis<\/strong><\/h2>\n\n\n\n

In our previous analysis, we pointed out the 4H bull flag on Netflix with a projected target<\/a> of $828.11. As it stands currently, the bull flag has been successfully broken out of, and retested on the daily timeframe.<\/p>\n\n\n\n

<\/div>See Guide:<\/span>\u00a0<\/span>How to Trade Bull Flags<\/a>\n\n\n\n
\"\"<\/figure>\n\n\n\n

While we are on track to higher prices, it\u2019s important to note that Netflix has been trading within an ascending parallel channel from the start of 2024.<\/p>\n\n\n\n

This channel offers several interesting levels to trade:<\/strong><\/p>\n\n\n\n

The upper trendline could become resistance at $750.00 and $775.00, which are psychological price levels.<\/td><\/tr>
The middle line could act as support, and currently aligns with the previous All-Time High, and daily EMA 20 at around $710.00. This would be significant support.<\/strong><\/td><\/tr>
The lower trend line could act as support, at around $650.00, but serious concerns would be posed if the stock price reaches these levels (ascending channels are bearish).<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Outside of the ascending channel, we have potential resistances at $800.00, and support levels at Netflix\u2019s previous pivot lows.<\/p>\n\n\n\n

Netflix\u2019s ultimate support is a market gap from approximately $498.90 to $537.00<\/strong>, formed on January 23, 2024 \u2013 when Netflix reported strong earnings for Q4 2023<\/a>.<\/p>\n\n\n\n

This gap remains untested, and will be a significant price level that investors and traders are keeping an eye on; as market gaps tend to get revisited and act as support\/resistance.<\/p>\n\n\n\n

Short Term Bearish Indications on Netflix<\/strong><\/h2>\n\n\n\n

Although profits are streaming to the upside on Netflix, there are a few small bearish indications to consider. The first thing is a bearish RSI divergence on the daily timeframe, to kickstart our suspicions of a potential reversal in the short term.<\/p>\n\n\n\n

Pairing with this suspicion is the formation (and close) of a \u201cGrade C\u201d Evening Star Pattern<\/a>, which isn\u2019t the strongest bearish indication, but still a reversal signal nonetheless.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Last but not least, the NFLX price could be trading in a Rising Wedge Pattern<\/a>, which if broken to the downside, could take us down to previous lows at $662.00 or $587.00.<\/p>\n\n\n\n

You may also be interested in:<\/em><\/strong><\/p>\n\n\n\n

NZD\/USD Surge: Kiwi\u2019s Turn to Emerge (Elliott Wave)<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Netflix\u2019s stock is in a blue sky breakout as it\u2019s finally pushed past its former ATH (All-time high) at approximately $710.00, and has created a new ATH at $725.26 on Thursday.<\/p>\n

Where are its price targets, and what are the market conditions in the short term?<\/p>\n","protected":false},"author":159,"featured_media":5966,"parent":0,"comment_status":"closed","ping_status":"closed","template":"","market_insights_categories":[18],"class_list":["post-5965","market_insights","type-market_insights","status-publish","has-post-thumbnail","hentry","market_insights_categories-chart-of-the-day"],"acf":[],"yoast_head":"\nNetflix Stock Forms All-Time Highs, Eyes $800.00 - Alchemy Markets<\/title>\n<meta name=\"description\" content=\"Netflix hits a new all-time high at $725.26, and with a bull flag break out, the stock could reach major levels at $800.00 dollars.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/alchemymarkets.com\/sv\/education\/market-insights\/chart-of-the-day\/netflix-sep-2024\/\" \/>\n<meta property=\"og:locale\" content=\"sv_SE\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Netflix Stock Forms All-Time Highs, Eyes $800.00 - 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