Technical Damage Mounts for NFLX at $78.04
The stock of Netflix Inc (NFLX) climbed 2.66% to close at $78.04 on February 25.
The technical picture is mixed:
Moving Averages
The stock trades below its 9-day EMA ($78.09) with the 21-day ($80.53) acting as overhead resistance.
Momentum
RSI at 39.4 is neutral but improving. MACD is bullish (-3.01 vs signal -3.23).
Volatility
Bollinger Band width at 14.3% indicates normal volatility.
Despite the bearish EMA structure, bullish MACD divergence suggests patient buyers may find opportunity near $74.43.
Technical levels: $74.43 support, $85.92 resistance.
