Want to know the current price of Netflix and what’s next for NFLX stock? On this page, we share the latest Netflix news and tips on buying stocks. You can also check out the latest Netflix Stock Forecast for 2022 and 2023 from our experts.
Should you buy or sell Netflix shares today? To what levels can the shares of this company rise in a year, two, three? How much will Netflix papers cost in 2021, 2022, 2023? We have been making currency rate forecasts for a long time, and we can also predict the behavior of the stock market using technical analysis and simple indicators.
We also take into account the technical, fundamental analysis of stocks, the news background, the general geopolitical situation in the world and other, smaller factors. The stock forecasts indicate target levels for NFLX stock, both up and down.
Netflix Stock Forecast for 2022 and 2023
Netflix quotes continue to move as part of the correction and the formation of the “Triangle” pattern. The moving averages point to a short-term bearish trend in NFLX stock. Prices have gone up from the area between the signal lines, which indicates pressure from buyers of securities and a likely continuation of the rise in the near future. At the time of publication of the forecast, the price of Netflix shares is 582.07 per share. As part of the forecast, we should expect an attempt to fall and a test of the support level near the area of 505.05. Further, the price bounces up and the continued rise in the value of securities. The potential target of such a movement in shares is the area above the level of 750.55 already in 2021, 2022, 2023.
An additional signal in favor of the growth of Netflix quotes will be a test of the support line on the relative strength index (RSI). The second signal will be a rebound from the lower border of the Triangle pattern. Cancellation of the option to raise the NFLX stock quotes will be a fall and a breakdown of the level of 445.05. This will indicate a breakdown of the lower boundary of the ascending channel, in which case we can consider a continuation of the decline in securities to the area at the level of 250.05. It is worth waiting for confirmation of the rise in shares with a breakdown of the resistance area and closing above the level of 610.05, which will indicate a breakdown of the upper boundary of the “Triangle” model and the beginning of the development of this model.
Netflix Stock Forecast for 2022 and 2023 suggests an attempt to develop a decline and test the support area near the level of 505.05. Where should we expect a rebound and an attempt to continue the rise of shares in the area above the level of 750.55. In favor of the growth of securities, a test of the trend line on the relative strength index (RSI) will come out. Cancellation of the NFLX rise option will be a fall and a breakdown of the level of 445.05. This will indicate a breakdown of the lower border of the bullish channel and a continuation of the fall in value to the area below the level of 250.05.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
