Use This Chance To Buy Netflix, Inc. (NFLX), Royal Caribbean Cruises Ltd. (RCL)

A look at NFLX technical analysis shows that its 14-day Relative Strength Index (RSI) is in a overbought zone after reaching 72.71 point. Its trading volume has added 5291442 shares compared to readings over the past three months as it recently exchanged 19451442 shares. This means there is improved activity from short-term traders as per session, its average trading volume is 14160000 shares, and this is 1.37 times the normal volume.

Netflix, Inc. (NASDAQ:NFLX) climbed by 3.59% over the past three months which led to its overall six-month decrease to stand at -18.36%. The equity price rose 13.45% this week, a trend that has led to both investors and traders taking note of the stock. A look at its monthly performance shows that its shares have recorded a 27.24% gain over the past 30 days. Over the past 12 months the stock has embarked on a rally that has seen it rise 58.85% and is now up by 26.13% since start of this year.

The shares of Netflix, Inc. dropped by -20.23% or -$85.62 from its last recorded high of $423.21 which it attained on June 21 to close at $337.59 per share. Over the past 52 weeks, the shares of Netflix, Inc. has been trading as low as $213.35 before witnessing a massive surge by 58.23% or $124.24. This price movement has led to the NFLX stock receiving more attention and has become one to watch out for. It jumped by 3.98% on Sunday and this got the market excited. The stock’s beta now stands at 1.29 and when compared to its 200-day moving average and its 50-day moving average, NFLX price stands 1.48% above and 19.48% above respectively. Its average daily volatility for this week is 4.04% which is less than the 5.47% recorded over the past month.

Experts from research firms are bullish about the near-term performance of Netflix, Inc. (NFLX) with most of them predicting a $381.07 price target on a short-term (12 months) basis. The average price target by the analysts will see a 12.88% rise in the stock and would lead to NFLX’s market cap to surge to $166.07B. The stock has been rated an average 2.2, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 43 analysts that track Netflix, Inc. (NASDAQ:NFLX) and find out that 13 of them rated it as a Hold. 28 of the 30 analysts rated it as a Buy or a Strong Buy while 2 advised investors to desist from buying the stock or sell it if they already possess it.

The price of Royal Caribbean Cruises Ltd. (NYSE:RCL) currently stands at $106.42 after it went up by $1.52 or 1.45% and has found a strong support at $104.76 a share. If the RCL price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $103.11 mark would also be bad for the stock as it means that the stock would plunge by 3.11% from its current position. However, if the stock price is able to trade above the resistance point around $107.26, then it could likely surge higher to try and break the upward resistance which stands at $108.11 a share. Its average daily volatility over the past one month stands at 3.76%. The stock has plunged by 2.32% from its 52-weeks high of $103.95 which it reached on Jan. 29, 2018. In general, it is 15.92% above its 52-weeks lowest point which stands at $89.48 and this setback was observed on Dec. 24, 2018.

Analysts have predicted a price target for Royal Caribbean Cruises Ltd. (RCL) for 1 year and it stands at an average $136.83/share. This means that it would likely increase by 28.58% from its current position. The current price of the stock has been moving between $103.95 and $106.45. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $104. On the other hand, one analyst is super bullish about the price, setting a target as high as $157.

The RCL stock Stochastic Oscillator (%D) is at 95.45%, which means that it is currently overbought and its prices could dip very soon. The shares P/S ratio stands at 2.39 which compares to the 2.96 recorded by the industry or the 1.93 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 10.7, which is lower than the 12.64 multiple of 12-month price-earnings (P/E). The company’s earnings have gone up, with a quarterly increase rate of 146.2% over the past five years.

Analysts view Royal Caribbean Cruises Ltd. (NYSE:RCL) as a Buy, with 0 consensus rating. Reuters surveyed 20 analysts that follow RCL and found that 4 of those analysts rated the stock as a Hold. The remaining 16 were divided, with 16 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying Royal Caribbean Cruises Ltd. (RCL) shares or sell it if they already own it.