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Archive
- 1/17/2025 -
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NetFlix Inc (NFLX) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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| | It was a first positive week after 5 consecutive negative weeks for the NetFlix Inc (NFLX). During the week, the NFLX gained 20.40 points, or 2.44%, and closed at 858.10 on Friday, January 17, 2025. NFLX was trading at average weekly trading volume.
NFLX is a member of Communication Services Sector. Communication Services is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See NFLX long-term trend chart]
A long-term uptrend had started on November 7, 2022 at 252.09 and reached 941.80 on December 11, 2024. NFLX gained -689.71 points, or -273.60%, in 109 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (837.38). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.
 Medium-term trend: [See NFLX medium-term trend chart]
A medium-term uptrend had started on October 18, 2023 at 344.73 and reached 941.80 on December 11, 2024. NFLX gained -597.07 points, or -173.20%, in 60 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (687.76) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See NFLX weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.
The weekly MACD line is above its signal line since September 20, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.
 Short-term trend: [See NFLX short-term trend chart]
A short-term downtrend had started on December 11, 2024 at 941.80 and reached 823.50 on January 14, 2025. NFLX lost 118.30 points, or 12.56%, in 34 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 811.67 and resistance is at 926.07. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a short-term trend.
Daily Technical Indicators: [See NFLX daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal.
The daily MACD line is below its signal line since December 9, 2024. This is an indication that the short-term trend is down.
A Parabolic SAR (stop and reversal) indicator (865.87) comes close to the price (858.10). It indicates that the trend is getting weaker. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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