The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

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- 5/2/2025 -
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NetFlix Inc (NFLX) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionBroken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is strongly overboughtWeekly  MACD line has moved above its signal line
Daily :Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are strongly overboughtThe price has risen above the Parabolic SARThe Bollinger Bands are historically far apart
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It was a fourth consecutive positive week for the NetFlix Inc (NFLX). During the week, the NFLX gained 54.49 points, or 4.94%, and closed at 1156.49 on Friday, May 2, 2025. NFLX was trading at average weekly trading volume.

NFLX is a member of Communication Services Sector. Communication Services is the second 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 1159.44 on May 2, 2025. NFLX gained -907.35 points, or -359.93%, in 129 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (786.08) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 long-term trend.

Medium-term trend: [See NFLX medium-term trend chart]
A medium-term uptrend had started on March 13, 2023 at 285.33 and reached 1159.44 on May 2, 2025. NFLX gained -874.11 points, or -306.35%, in 111 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (842.82) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. 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 Williams' Percentage Range help.

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. Use the following link to access a MACD help.

Short-term trend: [See NFLX short-term trend chart]
A short-term uptrend had started on April 7, 2025 at 821.10 and reached 1159.44 on May 2, 2025. NFLX gained -338.34 points, or -41.21%, in 25 days. Price is near the trend high.

Daily Technical Indicators: [See NFLX daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. Use the following links to access Lane's Stochastic and Relative Strength Index help.

The daily MACD line is above its signal line since April 11, 2025. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current short-term uptrend is still strong, and momentum is beginning to wane.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. 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.

The distance between the Bollinger Bands (33.6%) is close to one year high (26.84%). It is 145.62% higher then one year average. It indicates the period of high volatility of the stock price, and it is considered a sell signal for the option traders. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 94.51
Strong Overbought
Williams' Percentage Range (W%R) 6.70
Strong Overbought
Lane's Stochastic (%D-Slow) 97.72
Strong Overbought
Greed/Fear Indicator (GFI) 95.17
Strong Overbought
Moving Average Converg./Diverg. (MACD) 36.75
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.16
Williams' Percentage Range (W%R) 6.70
Strong Overbought
Lane's Stochastic (%D-Slow) 60.82
Greed/Fear Indicator (GFI) 70.08
Moving Average Converg./Diverg. (MACD) 59.06
Trading Signals
Description Value Chart
Upper Bollinger Band 1235.13
Daily Stochastic Crossing 1156.50
Price 1156.49
Parabolic System 1092.65
Weekly Stochastic Crossing 1048.43
20 Day Moving Average 1007.81
50 Day Moving Average 971.68
Lower Bollinger Band 846.57
Sector and Industry
Description Name Rank
Sector Communication Services 8
Industry Movies & Entertainment 52
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 821.10
Low Date 04/07/2025
High 1159.44
High Date 05/02/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 821.10
Low Date 04/07/2025
High 1159.44
High Date 05/02/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 821.10
Low Date 04/07/2025
High 1159.44
High Date 05/02/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 875.66
Support 842.82
Low 285.33
Low Date 03/13/2023
High 1159.44
High Date 05/02/2025
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 880.88
Support 786.08
Low 252.09
Low Date 11/07/2022
High 1159.44
High Date 05/02/2025
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.