NFLX Weekly Technical Analysis
Netflix Inc
Leading video streaming service producing and distributing original and licensed content.
NFLX Technical Analysis Summary
NFLX is undergoing a severe multi-month correction following the breakdown of a major Head and Shoulders topping pattern. The short-to-medium-term technical posture is firmly bearish, with price action dominated by declining 20-week and 50-week moving averages and negative momentum indicators. For long-term investors, the critical area to monitor is the approaching 200-week SMA (around 65-70); a failure to establish a base at this key structural level would signal deeper, secular damage to the overarching bull trend.
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NFLX Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price is in a clear downtrend, establishing lower highs and lower lows while trading below the declining 20-week and 50-week SMAs. The RSI remains in the lower half of its range, indicating persistent downward momentum.
Long-term Sentiment (weeks to months): Neutral
The stock has suffered a severe multi-month correction, breaking key support at the 50-week SMA. However, it is approaching the rising 200-week SMA, which represents the last major structural support for the long-term uptrend.
Report Metadata
- Timeframe: weekly
- Generated at: 2026-05-30T09:13:35.378Z
- Model: gemini-3.1-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $77.50 | $75.00 - $80.00 | Weak | Recent swing low established before the current minor bounce, coinciding with the lower Bollinger Band. |
| $67.50 | $65.00 - $70.00 | Strong | Major long-term support zone defined by the rising 200-week SMA (currently around 68.90) and a previous structural base. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $92.50 | $90.00 - $95.00 | Strong | Immediate resistance area containing the declining 20-week SMA and the breakdown level of a recent consolidation phase. |
| $102.50 | $100.00 - $105.00 | Strong | Significant overhead resistance zone formed by previous major support turned resistance, aligning closely with the declining 50-week SMA. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Head and Shoulders Top | Bearish | N/A | A massive, multi-year topping formation with a left shoulder around 120, a head near 140, and a right shoulder around 125. The decisive breakdown below the neckline (around 105-110) catalyzed the current steep downtrend. |
Frequently Asked Questions about NFLX
What is the current sentiment for NFLX?
The short-term sentiment for NFLX is currently Bearish because Price is in a clear downtrend, establishing lower highs and lower lows while trading below the declining 20-week and 50-week SMAs. The RSI remains in the lower half of its range, indicating persistent downward momentum.. The long-term trend is classified as Neutral.
What are the key support levels for NFLX?
StockDips.AI has identified key support levels for NFLX at $77.50 and $67.50. These levels may represent potential accumulation zones where buying interest could emerge.
Is NFLX in a significant dip or a Value Dip right now?
NFLX has a Value Score of 41/100. It is not currently flagged as a significant dip in the Top Dips list. It is not listed as a Value Dip because the long-term sentiment or value-score threshold does not qualify.
View the full interactive analysis on StockDips.AI.