NFLX Weekly Technical Analysis
Netflix Inc
Leading video streaming service producing and distributing original and licensed content.
NFLX Technical Analysis Summary
NFLX is in an extended weekly downtrend following a double-top distribution peak near 140, with price currently testing the critical 200-week SMA zone around 72.00-73.00. Sustained trading below this moving average threatens further deterioration toward the 50.00-55.00 structural base. For long-term stabilization to take hold, buyers must defend the 65.00-68.00 support pocket and ultimately reclaim the 20-week and 50-week moving averages.
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NFLX Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price is forming consecutive lower highs and lower lows, currently breaking below the 20-week SMA (78.28) and pressing against the 200-week SMA with RSI depressed below 40.
Long-term Sentiment (weeks to months): Neutral
While the 50-week SMA remains above the 200-week SMA, the 50-week SMA is sloping downward sharply and the multi-year uptrend structure from 2022 to 2024 has been severely compromised by the ongoing decline from the 140 peak.
Report Metadata
- Timeframe: weekly
- Generated at: 2026-09-18T21:02:39.969Z
- Model: gemini-3.8-flash
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $66.50 | $65.00 - $68.00 | Moderate | Aligns with the lower Bollinger Band (66.77) and the recent local swing low around 66.00. |
| $52.50 | $50.00 - $55.00 | Strong | Key multi-month base and consolidation platform from early 2024 before the prior expansion wave. |
| $42.50 | $40.00 - $45.00 | Strong | Major structural swing low support established in late 2023. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $75.75 | $73.00 - $78.50 | Strong | Immediate resistance cluster formed by the 200-week SMA (72.99) and the declining 20-week SMA (78.28). |
| $90.00 | $88.00 - $92.00 | Strong | Confluence of the downward-sloping 50-week SMA (89.64) and the upper Bollinger Band (89.80). |
| $102.50 | $100.00 - $105.00 | Moderate | Prior intermediate breakdown level and psychological round number. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Descending Channel | Bearish | N/A | A well-defined multi-month downtrend characterized by parallel falling swing highs and swing lows extending from the late 2024 top near 140. |
| Strong | Double Top Distribution | Bearish | $65.00 | Large distribution structure formed between 135 and 140 in late 2024/early 2025 whose neckline breach initiated the ongoing decline. |
Frequently Asked Questions about NFLX
What is the current sentiment for NFLX?
The short-term sentiment for NFLX is currently Bearish because Price is forming consecutive lower highs and lower lows, currently breaking below the 20-week SMA (78.28) and pressing against the 200-week SMA with RSI depressed below 40.. 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 $66.50 and $52.50. 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 37/100. 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.