Netflix has repeatedly demonstrated its ability to adapt to structural changes across the media industry. Its latest initiative represents another potentially important shift, with the company preparing to test substantially longer theatrical release windows for selected films. While the initiative is unlikely to have a material near-term earnings impact, it could support the development of an additional revenue stream, improve content monetisation and help Netflix build blockbuster franchises that have so far remained largely absent from its portfolio.
The major European equity indices generated sell signals over the past week, and the broader market backdrop continues to deteriorate. In such an environment, momentum-based reversal setups tend to perform poorly. While it is always possible to identify stocks that meet quantitative screening criteria, additional technical factors often make them unsuitable investment candidates. Overall, this is not an ideal market environment for seeking long opportunities. Nevertheless, today's list includes one stock that continues to present a constructive technical picture. Swisscom AG, Switzerland's leading telecommunications and IT services provider, offers an attractive combination of defensive characteristics and a high dividend yield. The company provides mobile, broadband internet, television, and fixed-line services to retail customers, while also maintaining a significant presence in enterprise IT services, cloud computing, cybersecurity, and digital solutions.
Gold and silver have tested key support levels that must hold for short-term long opportunities to remain valid. A momentum divergence has emerged during oil’s rally, which could weaken the long side and signal the onset of a correction. Natural gas prices have remained above the uptrend line for now, though the technical picture shows no significant shift or clear direction. Copper’s uptrend has broken down, so prices may weaken further before reaching a favorable buying zone again. Wheat and corn prices entered a correction phase two weeks ago, so for now, it may be worth waiting for more favorable entry opportunities.
The sharp correction has already nearly reached the 4,218 level. If the 4,218 level is broken to the downside, the lows set a few weeks ago could once again come into focus. If the curve does not fall further and instead turns upward, there could be another chance for it to rise above 4,688. In the coming days, it may become clear whether we will see a higher low or if the curve will fall below 4,000.
Resistance levels: 4,688; 4,843; 4,923; 5,000.
Support levels: 4,218; 3,906; 3,750.
The gap left open earlier is still open; the curve has not yet broken through the key support level. As long as it does not fall below the 62.5 area, there remains a chance that it could surpass the high reached three weeks ago. The first resistance level is expected around 75, but the anticipated correction for the entire downward wave lies around 87.5. A close below 62.5 would signal weakness, and in that case, the lows hit a few weeks ago could be retested.
Resistance levels: 75; 81.25; 87.5; 93.75; 100; 106.25.
Support levels: 62.5; 56.25; 53.13; 50.
A momentum divergence is beginning to form in the uptrend, which could lead to a local peak or even a corrective move. The previous trend-break level around 87.5 is now a strong support level; this could be a good entry point for a long position. The extent of the correction would truly indicate whether further gains can be expected. The less the price falls, the greater the chance of a continued rally. Above that level, horizontal natural levels such as 106.25, 112.5, and 118.75 act as resistance.
Resistance levels: 106,25; 112,5; 118.75; 125.
Support levels: 87,5; 81.25; 75.
Since the uptrend has not been broken, the possibility of further gains remains. 3.125 could act as resistance, while 2.714 could provide support on the downside. The pattern does not yet indicate the potential for a major move.
Resistance levels: 3.125; 3.906; 4.688; 6.25; 7.04; 7.81.
Support levels: 2.714; 2.344; 1.953.
The days of significant declines we saw last week disrupted the trend, triggering a correction phase. The price may continue to fall in the short term, and the short-term downtrend is likely to persist. The first strong support level may be found between 5.85 and 6.04, which could already be a buying zone.
Resistance levels: 7.03; 7.81
Support levels: 6.04; 5.85; 5.66; 5.46; 5.27.
The correction continues from a state of extreme overbought conditions. The 688 level could serve as support; if the price can hold above it, the uptrend will remain intact. On the upside, 781 and 812 are considered very strong resistance levels. The extent and nature of the retest may indicate whether we’ll see another favorable long entry opportunity.
Resistance levels: 781; 813.
Support levels: 688; 656; 625; 562; 531; 516; 500.
A correction from the extreme overbought condition began two weeks ago, but so far it has only resulted in a very slight decline. The correction could find very strong support at the 484 level, but that is still a long way off. Here, too, the extent and nature of the correction may indicate whether there will be room for another long entry. The less the price falls and the gentler the decline, the more likely it is that another long entry opportunity will arise.
Resistance levels: 531.2; 563.
Support levels: 484; 468; 437; 406.
OTP Global Markets offers a broad range of services in the field of local and international money and capital markets.
Read morePersonal care and expertise with OTP Private Banking, along with the knowledge, security, and innovations of a multinational banking group.
Read more
