Netflix NFLX technical analysis

NFLX is in a mixed daily trend, trading beneath its rising 4h SMA20 and the 1D SMA20, while the 4h RSI at 35 signals weak momentum against a daily RSI of 51. Price action is bearish intraday, with a 24h drop of -4.83%.

The immediate battle is between the 4h resistance zone of 78.18-79.6, tested seven times, and the 4h support cluster of 75.06-75.465, which has three touches. Price sits below the former and above the latter, with nearby 4h supports at 76.7726-77.0074 and 75.9515-76.1863 each touched once.

Bulls must reclaim and hold above 78.18-79.6, pushing toward the 1D resistance of 80.9626-81.1974. Bears need a decisive break below 75.06-75.465, which would open exposure to the deeper 1D support at 73.6426-73.8774.