NFLX Weekly Technical Analysis
Netflix Inc
Leading video streaming service producing and distributing original and licensed content.
NFLX Technical Analysis Summary
NFLX has experienced a massive distribution phase, breaking down from a major top near 140 and slicing through its 50-week SMA. While a sharp oversold bounce is currently underway, supported by shifting short-term momentum indicators, overhead resistance is substantial. Long-term investors will be watching to see if this bounce is merely a lower high or if the stock can rebuild structure above the 200-week SMA.
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NFLX Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Neutral
Price is in a severe multi-week downtrend but has recently bounced off an oversold extreme, supported by a bullish MACD crossover below the zero line and RSI rising from near 30.
Long-term Sentiment (weeks to months): Neutral
The dominant multi-year uptrend has suffered a major structural breakdown, with price falling sharply below the 50-week SMA. However, the price remains above the rising 200-week SMA, keeping the longest-term trend intact for now.
Report Metadata
- Timeframe: weekly
- Generated at: 2026-03-21T09:04:32.663Z
- Model: gemini-3.1-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $78.50 | $75.00 - $82.00 | Strong | Recent swing low marking the bottom of the current severe sell-off. |
| $63.00 | $60.00 - $66.00 | Strong | Major long-term support zone defined by the rising 200-week SMA and prior structural consolidation. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $109.00 | $105.00 - $113.00 | Strong | Zone of major overhead resistance including the declining 50-week SMA and the lower boundary of previous consolidation. |
| $122.50 | $120.00 - $125.00 | Strong | Key structural breakdown level from the major topping pattern; expected to act as heavy resistance on any sustained rally. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Weak | Oversold Bounce / Mean Reversion | Bullish | $108.50 | After a precipitous drop from the ~140 highs, price pierced the lower Bollinger Band, driving RSI to near 30. A sharp reflexive bounce is underway, confirmed by a bullish MACD crossover. |
| Strong | Major Top Breakdown | Bearish | N/A | A massive multi-month topping structure formed near 140, breaking down decisively below the 120 support level and the 50-week SMA, shifting the broader trend to corrective. |
Frequently Asked Questions about NFLX
What is the current sentiment for NFLX?
The short-term sentiment for NFLX is currently Neutral because Price is in a severe multi-week downtrend but has recently bounced off an oversold extreme, supported by a bullish MACD crossover below the zero line and RSI rising from near 30.. 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 $78.50 and $63.00. 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 34/100. 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.