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 severe structural breakdown on the weekly chart, plunging from highs near 140 to current levels. The trend is strongly bearish across short and intermediate timeframes, evidenced by price riding the lower Bollinger Band and steeply negative MACD momentum. While the RSI indicates deeply oversold conditions that could spark a counter-trend bounce, the primary long-term trend has suffered massive damage. Critical long-term support rests at the 200-week SMA near 63.70.
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NFLX Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price is in a steep waterfall decline, continuously riding the lower Bollinger Band well below the 50-week SMA. The weekly MACD is accelerating downwards deep into negative territory, confirming strong bearish momentum.
Long-term Sentiment (weeks to months): Bearish
The long-term uptrend has suffered major structural damage following a massive topping pattern. The price has decisively broken below the 50-week SMA, which is now rolling over, indicating a shift from a long-term bull market to a bear phase, though it remains above the 200-week SMA for now.
Report Metadata
- Timeframe: weekly
- Generated at: 2026-02-21T18:34:12.125Z
- Model: gemini-3.1-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $62.50 | $60.00 - $65.00 | Strong | Confluence of the rising 200-week SMA (currently around 63.70) and a minor previous consolidation zone. |
| $38.50 | $35.00 - $42.00 | Strong | Major structural swing low and basing zone established in mid-2022. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $107.50 | $105.00 - $110.00 | Strong | Significant prior support zone that was heavily broken, now acting as overhead resistance, closely aligned with the descending 50-week SMA. |
| $127.50 | $125.00 - $130.00 | Weak | Area of the last major consolidation and lower high before the final phase of the breakdown. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Waterfall Decline / Parabolic Breakdown | Bearish | N/A | A rapid, almost vertical drop in price following a breakdown from a distribution top, characterized by continuous weekly closes near the lows and expansion of the lower Bollinger Band. |
| Strong | Massive Distribution Top | Bearish | N/A | A multi-month rounding top structure characterized by volatile swings and an eventual failure to maintain higher highs, leading to the current breakdown. |
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 steep waterfall decline, continuously riding the lower Bollinger Band well below the 50-week SMA. The weekly MACD is accelerating downwards deep into negative territory, confirming strong bearish momentum.. 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 $62.50 and $38.50. 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 35/100. 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.