Price: $63.41
· 1 day: -3.28% · 5 days: +2.14% · 1 month: -9.02% · YTD: -32.37%
As of 2026-11-06 21:00 UTC.
52-week range: $61.39 – $116.73 (currently at 4% of the range).
NFLX is in a downtrend, momentum firm. $70 is the level overhead; $61.99 the first support below.
4 of 6 technical checks lean bearish.
| Trend | Downtrend · below 50-day & below 200-day |
|---|---|
| Momentum | RSI 33.28 · neutral · MACD bullish |
| Trend strength | ADX 28.0 · strong trend |
| Location | -10.7% vs 50-day MA |
| 52-week range | -45% from high · +2% from low |
| Volatility | ATR 2.21 · ~3.5%/day |
| Level | Type | Distance |
|---|---|---|
| $70.0 (resistance) | round | 10.39% |
| $70.49 (resistance) | swing zone | 11.17% |
| $71.03 (resistance) | sma 50 | 12.02% |
| $61.99 (support) | 52w low | -2.24% |
| $60.0 (support) | round | -5.38% |
| $50.0 (support) | round | -21.15% |
| RSI (14) | 33.28 | MACD | -2.0303 |
|---|---|---|---|
| ADX (14) | 28.0 | ATR (14) | 2.21 |
| 50-day average | $71.03 | 200-day average | $81.04 |
Next earnings: 2027-01-19. NFLX earnings date, time and past reactions.
Report of 2026-11-05.
Netflix closed at $66.39 on November 5, up 4.7% on the day and 7.1% over five sessions — a bounce that looks more like short covering than conviction. The stock has lost 29% year-to-date and 27% over six months, and it sits well below both its 50-day and 200-day averages. The recent ouster of top executives, including content chief Bela Bajaria, adds a leadership credibility problem to a stock already in a confirmed weekly downtrend. The balance of evidence leans lower over the next two to six weeks.
The executive departures on October 25 and 26, reported by Bloomberg Business and Bloomberg Business, cap a period of internal turmoil at a company that has been struggling to grow its domestic audience. The reshuffle follows a programming slump and talent backlash, and it comes ahead of Netflix reporting its slowest sales growth. That context matters: the stock did not fall on this news alone — it had already been in a downtrend, down 8.6% from its October 15 close of $72.61 to the pre-news levels. The news confirmed what the price had been saying.
Over five sessions, Netflix gained 7.1% while the S&P 500 lost 0.7%. That spread is wide, but it reflects a short-covering bounce in a heavily shorted name rather than a change in the fundamental narrative. The stock is still down 7.4% against SPY over 50 days and 22.8% over 200 days. The sector attribution is null — no sector ETF data is available — but the broader Communication Services space has not provided cover. The move was the stock's, and it came from deeply oversold territory: the 14-day RSI closed at 33.67, below the 40 level that marks momentum deterioration.
The debate on the stock is live. Morningstar calls the stock a buy after third-quarter results showed 12.5% revenue growth, a record 34.6% operating margin, and free cash flow up 8.4% after roughly $5 billion in content spend — calling the stock worth $80. Deutsche Bank upgraded to buy at $95, arguing the dip is overdone. But Bloomberg Business reported in September that HSBC downgraded to hold, citing weakening subscriber engagement, and the broader analyst community is souring. Bloomberg Business frames the argument directly: Netflix is struggling to find its audience after building its business on originals like House of Cards and Stranger Things, and now faces a creative slump. The 43 analysts tracked have a consensus target of $84.76, implying 21.7% upside from here — but the stock has been ignoring that spread for months.
The long-term thesis is not intact. Netflix built its dominance on subscriber growth and global scale; the evidence now shows slowing domestic engagement, a leadership vacuum at the content level, and a stock that has failed to hold any meaningful rally since its 52-week high of $114.09. The 40-week average has been a ceiling since the downtrend began, and price remains well below it. This is not a stock in a base-building phase — it is a stock in an active downtrend with no evidence of supply being absorbed.
Over the next two to six weeks, the balance of evidence leans negative. The daily trend runs with the weekly downtrend, the 50-day average at $71.68 is resistance, and the stock has been lagging SPY by 7.4% over 50 days. The conviction is medium — two of four indicators — because the RSI is oversold and the five-day bounce shows that bears have been willing to cover. The oversold reading is real, but it has not produced a reversal; it has produced a bounce that stalls at the 50-day line. That is what a weak bounce looks like in a downtrend. The strongest case against this reading is that the analyst consensus target of $84.76 represents a 21.7% gap to the current price, and that Deutsche Bank and Morningstar see the selloff as overdone. That argument has been available for months, and the stock has not responded to it. The oversold reading is why conviction is not higher, not why the trade should be avoided.
The structure holds below $70. That round number is where sellers have shown up on every rally attempt, and it aligns with the swing zone at $70.49. The 50-day average at $71.68 is the level where the trend would end — a weekly close above that line would be the first sign that supply is being absorbed and the downtrend is losing force. Below, the next round level is $60, then $50, and the 52-week low sits at $11.12. The distance from current price to the 52-week low is 496.9% of the range — the stock is near the top of its 52-week range, not the bottom, despite the drawdown.
The breakout math points down. A daily close below $60 would confirm a downside breakout, with a stop at $70.54 (the $70 round level plus a quarter of the 14-day ATR of $2.16). The target is the 52-week low at $11.12, which gives a reward-to-risk ratio of 4.6 to 1. That math meets the 3-to-1 threshold. The map is clear: resistance at $70 and $71.68, support at $60, and a long way below to the $11.12 low. The reader decides what to do with that map.
A weekly close above $71.68 — the 50-day average — would be the level that ends the downtrend. The rule is a weekly close, not an intraday spike, because the weekly timeframe filters noise. The non-price fact that would change the picture is a credible content recovery signal — a string of hits, a subscriber beat, or a leadership appointment that restores confidence in the creative pipeline — before the January 19 earnings report. Without that, the technical and fundamental picture remain aligned to the downside.
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