NFLX – Bearish Divergence Playing Out, $1,177 in FocusThis is a follow-up to my June 7 post where I highlighted a high-probability bearish divergence setup on Netflix. Since then, price has rejected from the supply zone and is now hovering above the critical $1,177 structure support.
🔍 What’s changed:
📉 Bearish divergence confirmed — price rejected th
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735.56 THB
299.57 B THB
1.34 T THB
422.77 M
About Netflix, Inc.
Sector
Industry
Website
Headquarters
Los Gatos
Founded
1997
ISIN
TH0842120709
FIGI
BBG01V5875G1
Netflix, Inc. engages in providing entertainment services. It also offers activities for leisure time, entertainment video, video gaming, and other sources of entertainment. It operates through the United States and International geographic segments. The company was founded by Marc Randolph and Wilmot Reed Hastings on August 29, 1997 and is headquartered in Los Gatos, CA.
Profit taking on Netflix for the summer, only to buy in lowerNASDAQ:NFLX is still in a strong high time frame uptrend, I'm not saying the stock has turned bearish overall, however profits need to be taken when trading and this is one of those times.
I'd prefer to buy back in closer to $1,000 if possible though either way I'll keep 33% of my stack.
Netflix (NFLX) RSI Bearish Divergence Setting Up Major Rever📈 Summary:
Netflix has rallied +44% in just 60 days, entering a steep, parabolic move. However, technical exhaustion signs are now flashing across multiple indicators — suggesting a potential near-term top may be forming.
🔍 Key Technical Observations:
1. Bearish RSI Divergence
The
Bearish NFLXBearish Outlook on NFLX Despite Uptrend
While Netflix's stock has shown impressive growth- up 92%
over the past year and 37% year-to-date - I maintain a
bearish perspective due to several fundamental and technical
concerns:
1. Overvalued P/E Ratio:
Netflix is currently trading at a forward P/E ra
NFLX Goes ParabolicIf you look at the monthly chart for NFLX, you will see how NFLX has screamed to new ATH over the last few weeks. Analysts have increased Netflix's price target to an absurd $1400+ while P/E sits at a very high 57.60. Over the next few weeks, I am expecting the broader market to selloff into July an
Netflix Update:The 1-hour candle has closed below the golden zone of the
previous 1-hour candle (though I would have preferred a
close below the entire golden zone). Nonetheless, this gives
me enough confirmation to enter a short position. My
stop-loss will be triggered if a 15-minute candle closes above
the high
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
NFLX5862368
Netflix, Inc. 5.4% 15-AUG-2054Yield to maturity
5.68%
Maturity date
Aug 15, 2054
NFLX5862367
Netflix, Inc. 4.9% 15-AUG-2034Yield to maturity
4.84%
Maturity date
Aug 15, 2034
NFLX4901374
Netflix, Inc. 4.875% 15-JUN-2030Yield to maturity
4.53%
Maturity date
Jun 15, 2030
USU74079AN1
NETFLIX 19/29 REGSYield to maturity
4.51%
Maturity date
Nov 15, 2029
NFLX4826528
Netflix, Inc. 5.875% 15-NOV-2028Yield to maturity
4.29%
Maturity date
Nov 15, 2028
NFLX4908613
Netflix, Inc. 6.375% 15-MAY-2029Yield to maturity
4.29%
Maturity date
May 15, 2029
NFLX4764899
Netflix, Inc. 4.875% 15-APR-2028Yield to maturity
4.27%
Maturity date
Apr 15, 2028
US64110LAN64
NETFLIX 4.375% CALL 15NV26Yield to maturity
4.21%
Maturity date
Nov 15, 2026
XS198938050
NETFLIX 19/29 144AYield to maturity
3.48%
Maturity date
Nov 15, 2029
XS207282979
NETFLIX INC. 19/30 REGSYield to maturity
2.85%
Maturity date
Jun 15, 2030
XS198938017
NETFLIX 19/29 REGSYield to maturity
2.76%
Maturity date
Nov 15, 2029
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