NFLX Tests Support at $87.26 as Consolidation Continues
$Netflix(NFLX)$
NFLX Testing Support at $87.26: Consolidation Phase Amidst Bearish Sentiment
Latest Close Data
Closed at $87.26 (-0.84%) on 2026-01-20 ET, approximately 35% below its 52-week high of $134.12.
Core Market Drivers
The stock continues to trade under pressure following recent quarterly earnings. Significant net capital outflow over the past week indicates persistent selling pressure from larger investors, despite high institutional ownership.
Technical Analysis
Volume of 110M shares traded is elevated (Volume Ratio: 2.54), suggesting high activity but primarily distribution.
MACD and RSI data is unavailable from the provided indicator feed, hindering a full momentum assessment. The price action is testing near-term support.
Key Price Levels
Primary Support: $87.22 (Recent low & key technical level).
Immediate Pivot: $88.00 (Yesterday's close).
Strong Resistance: $93.82 (Key overhead supply zone).
Valuation Perspective
Forward P/E of 26.96 is notably below its historical average of 37.71, potentially indicating a value opportunity if growth prospects remain intact.
Analyst Targets
43 analysts have an average price target of $124.39 (approx. +42.5% upside). Consensus is bullish with 32 "Strong Buy/Buy" ratings vs. 13 "Hold" and 1 "Underperform".
Weekly Outlook
Expect consolidation between $87.22 support and $93.82 resistance. A decisive break below support could target the 52-week low near $82.11. A close above $93.82 is needed to signal a potential reversal.
Risk Disclaimer
This analysis is for informational purposes only and not financial advice. Past performance does not guarantee future results. Investing involves risk, including potential loss of principal. Conduct your own research before making any investment decisions.
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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
