Netflix - cycles turn positive
Cycles are forming a parade relating to their phase projection
Two dominant cycles with a length of 211 and 289 days could be identified. The composite cycle model points to a current low with a possible recovery based on the cycles into the summer of 2022, which is in line with the current positive daily cycle of the S&P500 (see previous article). However, it must be noted that the overall situation of the long-term cycles on a weekly basis is still negative.
It should be emphasized for Netflix that all currently recognized cycles - regardless of which length one chooses - are in their positive phase. I.e. all cycles are pointing upwards for the coming days. This can be seen in the green color in the table of cycles.
An interactive workbook can be called here to deepen this analysis independently: Open Netfix Cycle Study Workbook
Netflix cycle moded based on the 211/289 days cycles
Status of all detected cycles
All cycles have now entered their positive swing. Indicated by the green background for each detected cycle length. So it would not matter which cycle to choose. They all speak the same language in regards to the days ahead.
Technical chart with cycle period highlighted and cyclic smoothed RSI
Here is chart with composite cycle vector and cyclic smoothed RSI for further analysis:
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Link Netflix Cycle Study Workbook: https://cycle.tools/workbook/DDeBn6DlOW
As overall longterm market cycles are turning negative again, I would close the projected NFLX upswing now with a plus of +10% (close price: 174 as of writing of the article - 192 now as of today 10. June). Or trail the plus you have now on this projection to secure profits.