Netflix shares rebound on Monday, company to allow users to choose how movies and TV episodes will end

According to a report by Bloomberg on Monday, citing sources with knowledge of the matter, Netflix Inc is to let viewers select how a particular movie or a TV episode will end, as the streaming company makes deeper inroads into Interactive TV.

Netflix shares closed higher for the fourth time in the past nine trading sessions on NASDAQ on Monday. It has also been the sharpest daily surge since September 26th. The stock went up 1.95% ($7.30) to $381.43, after touching an intraday high at $386.11, or a price level not seen since July 16th ($403.36).

Shares of Netflix Inc have risen 98.70% so far in 2018 compared with a 9.39% gain for the underlying index, S&P 500 (SPX).

In 2017, Netflix Inc’s stock surged 55.06%, thus, it again outperformed the S&P 500, which registered a 19.42% return.

According to Bloomberg, Netflix is expected to release the first project of its new lineup of specials by the end of 2018.

The same media also said that Netflix’s “Black Mirror” sci-fi program will include one episode under this project.

Meanwhile, Reuters reminded that Netflix had previously released the “Puss in Book: Trapped in an Epic Tale” animated show, where viewers were allowed to select alternate endings of the program.

According to CNN Money, the 42 analysts, offering 12-month forecasts regarding Netflix Inc’s stock price, have a median target of $397.50, with a high estimate of $494.00 and a low estimate of $120.00. The median estimate represents a 4.21% upside compared to the closing price of $381.43 on October 1st.

The same media also reported that 23 out of 44 surveyed investment analysts had rated Netflix Inc’s stock as “Buy”, while 13 – as “Hold”. On the other hand, 4 analysts had recommended selling the stock.

Daily and Weekly Pivot Levels

With the help of the Camarilla calculation method, todays levels of importance for the Netflix stock are presented as follows:

R1 – $382.39
R2 – $383.36
R3 (Range Resistance – Sell) – $384.32
R4 (Long Breakout) – $387.22
R5 (Breakout Target 1) – $390.60
R6 (Breakout Target 2) – $392.11

S1 – $380.47
S2 – $379.50
S3 (Range Support – Buy) – $378.54
S4 (Short Breakout) – $375.64
S5 (Breakout Target 1) – $372.26
S6 (Breakout Target 2) – $370.75

By using the traditional method of calculation, the weekly levels of importance for Netflix Inc (NFLX) are presented as follows:

Central Pivot Point – $370.55
R1 – $386.78
R2 – $399.42
R3 – $415.65
R4 – $431.87

S1 – $357.91
S2 – $341.68
S3 – $329.04
S4 – $316.39