(Finance) – Cautious session for Netflixwhich changes hands with a filing of 0.12%. The market awaits the quarterly results of the video on demand giant after the close. Nexflix is expected to announce a lower growth in the number of subscribers (about 4.8 million compared to 9.3 million in the first quarter according to LSEG estimates). The forecasts also call for an EPS of 4.74 dollars and revenues of 9.5 3 billion dollars.
The one-week trend of the company active in the video on demand sector it is weaker than the trend of the FTSE MIBSuch a decline could trigger opportunities for the market to sell the stock.
New technical evidence classifies a worsening of the situation for Netflixwith potential drops to the most immediate support area seen at 585.1 Euro. Sudden strengthening would instead undermine the above scenario with a bullish trigger and target on the most immediate resistance identified at 598.1. Expectations for the next session are for a continuation of the decline to the important support positioned at 580.5.