NFLX Weekly Technical Analysis
Netflix Inc
Leading video streaming service producing and distributing original and licensed content.
NFLX Technical Analysis Summary
The technical picture shows a dramatic reversal of a previous long-term uptrend, triggered by the breakdown of a massive distribution top. Price action is currently in a severe weekly downtrend, trading below the 20-week and 50-week moving averages with negative MACD confirmation. The primary focus for long-term investors is whether the approaching 200-week SMA near 69.19 can arrest the decline and provide structural support.
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NFLX Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price is firmly in a downtrend characterized by lower highs and lower lows, trading below a sharply declining 20-week moving average. RSI remains in bearish territory below 40.
Long-term Sentiment (weeks to months): Bearish
The chart exhibits a major structural breakdown from a massive topping pattern, with price falling decisively below the 50-week moving average, unwinding a multi-year uptrend.
Report Metadata
- Timeframe: weekly
- Generated at: 2026-06-06T09:04:18.919Z
- Model: gemini-3.1-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $75.00 | $74.00 - $76.00 | Weak | Recent swing low and proximity to the lower Bollinger Band. |
| $69.00 | $68.00 - $70.00 | Strong | Confluence of the rising 200-week SMA and historical price congestion. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $90.00 | $89.00 - $91.00 | Moderate | Declining 20-week SMA (basis of Bollinger Bands). |
| $104.00 | $103.00 - $105.00 | Strong | Declining 50-week SMA and upper Bollinger Band confluence. |
| $110.00 | $108.00 - $112.00 | Strong | Recent significant lower high in the current downtrend structure. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Major Distribution Top | Bearish | N/A | A massive, multi-month topping structure formed before breaking down decisively below key moving averages, reversing the prior macro uptrend. |
| Strong | Downtrend Structure | Bearish | N/A | A clear, persistent series of lower highs and lower lows establishing a strong bearish trajectory. |
Frequently Asked Questions about NFLX
What is the current sentiment for NFLX?
The short-term sentiment for NFLX is currently Bearish because Price is firmly in a downtrend characterized by lower highs and lower lows, trading below a sharply declining 20-week moving average. RSI remains in bearish territory below 40.. The long-term trend is classified as Bearish.
What are the key support levels for NFLX?
StockDips.AI has identified key support levels for NFLX at $75.00 and $69.00. 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 91/100. It is 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.