Netflix’s Long-Overdue Consolidation

The media company has seen mostly uninterrupted heights since 2013.
With the release of Disney+, Netflix might need time to consolidate as the saturated video-streaming market might see revenue drop from
The zoomed-out monthly chart shows the MACD and RSI looking to bounce up, but the daily chart indicates a downward trend.

Netflix is using corporate synergy to reel in content with Nickelodeon
media.netflix.com/en/press-releases/netflix-and-nickelodeon-form-multi-year-output-deal-to-produce-original-animated-films-and-series-for-kids-families-around-the-world

This is an article from 2016 suggesting that the video-stream market is oversaturated, and since that time YouTube, Hulu, Amazon, Disney, Sony (Who’s PlayStation TV was discontinued), Starz, and HBO have all tried to grab hold of an audience. Combining this with competition with Roku and Firesticks as well, this upward trend might have hit a roof.
strategyanalytics.com/strategy-analytics/news/strategy-analytics-press-releases/strategy-analytics-press-release/2016/05/25/first-sign-of-saturation-in-video-streaming-market
Chart PatternsconsolidationTechnical IndicatorsnetflixnickelodeonTrend Analysis

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