NFLX Bands Narrow to Multi-Week Lows at $88.60
Netflix Inc (NFLX) slipped 0.79% to $88.60 on May 26.
The technical picture is mixed:
Moving Averages
Price sits below both the 9-day ($88.61) and 21-day ($89.91) EMAs, suggesting short-term weakness.
Momentum
RSI at 42.7 is showing no strong directional bias. MACD reads -1.60 against its -1.88 signal line (bullish).
Volatility
Stock has been in a TTM Squeeze for 5 days, indicating compressed volatility and potential for a significant move.
Despite the bearish EMA structure, bullish MACD divergence suggests patient buyers may find opportunity near $84.94.
Watch $84.94 as support and $93.46 as resistance.
