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 dramatic technical breakdown on the weekly chart following the completion of a massive Head and Shoulders topping pattern. Short to medium-term momentum is heavily bearish, with price trending well below its 20 and 50-week moving averages amidst negative MACD and weak RSI. The primary focus for long-term investors is the crucial 65-70 support zone, which represents both the 200-week SMA and the measured move target for the topping breakdown; a failure here would signal further structural damage.
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NFLX Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price is in a steep, unconfirmed downtrend, trading below the declining 20 and 50-week SMAs, and repeatedly testing the lower Bollinger Band. MACD is deep in negative territory and RSI is struggling to recover above 50.
Long-term Sentiment (weeks to months): Neutral
The dominant multi-year uptrend has suffered severe technical damage with the massive drop from 140 and the breakdown of the 50-week SMA. However, long-term sentiment remains technically neutral as price has not yet broken below the overarching 200-week SMA support.
Report Metadata
- Timeframe: weekly
- Generated at: 2026-05-16T09:04:23.525Z
- Model: gemini-3.1-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $76.50 | $75.00 - $78.00 | Weak | Recent weekly swing low and minor area of prior congestion. May offer temporary support but is vulnerable given the strong bearish momentum. |
| $67.50 | $65.00 - $70.00 | Strong | Critical long-term support zone. Contains the rising 200-week SMA (currently at 68.25) and aligns with a significant multi-month consolidation base from the prior uptrend. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $92.50 | $90.00 - $95.00 | Weak | Initial dynamic resistance from the sharply declining 20-week SMA and the highs of the most recent minor relief bounces. |
| $107.50 | $105.00 - $110.00 | Strong | Major structural resistance zone. This area was the neckline of a massive topping pattern and now contains the descending 50-week SMA. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Head and Shoulders Top | Bearish | $70.00 | A large, multi-month topping pattern clearly visible with a peak around 140. The pattern completed when price broke decisively below the neckline support zone near 105-110, initiating the current severe 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 steep, unconfirmed downtrend, trading below the declining 20 and 50-week SMAs, and repeatedly testing the lower Bollinger Band. MACD is deep in negative territory and RSI is struggling to recover above 50.. 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 $76.50 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 61/100. 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.