NFLX is gaining strength.
Fundamentals: Netflix reported a 12.5% year-over-year increase in Q1 revenue, reaching $10.54 billion and surpassing expectations. Adjusted EPS rose by ~25% YoY to $6.61, coming in 16% above consensus estimates.
The company also issued bullish Q2 guidance, forecasting 15.4% revenue growth, supported by solid momentum in both subscriber growth and advertising revenue, further boosting investor confidence.
This overall situation puts NFLX in the list of momentum stocks.
From a technical standpoint, it consolidates in the widening chart formation, and may bounce off its bottom, which also corresponds to the area between 20-day moving average and lower band of the Bollinger Bands (20).
Fundamentals: Netflix reported a 12.5% year-over-year increase in Q1 revenue, reaching $10.54 billion and surpassing expectations. Adjusted EPS rose by ~25% YoY to $6.61, coming in 16% above consensus estimates.
The company also issued bullish Q2 guidance, forecasting 15.4% revenue growth, supported by solid momentum in both subscriber growth and advertising revenue, further boosting investor confidence.
This overall situation puts NFLX in the list of momentum stocks.
From a technical standpoint, it consolidates in the widening chart formation, and may bounce off its bottom, which also corresponds to the area between 20-day moving average and lower band of the Bollinger Bands (20).
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.