NFLX Tightening Range Signals Pending Move at $86.02
Netflix Inc (NFLX) fell 0.40% to finish at $86.02 on May 31.
Chart analysis reveals a bearish configuration:
Moving Averages
The stock trades below its 9-day EMA ($87.48) with the 21-day ($88.91) acting as overhead resistance.
Momentum
RSI at 36.6 is in neutral territory but trending lower. MACD reads -1.66 against its -1.72 signal line (bullish).
Volatility
Volatility has been compressing for 9 sessions (TTM Squeeze active), often a precursor to directional moves.
Despite the bearish EMA structure, bullish MACD divergence suggests patient buyers may find opportunity near $84.99.
Technical levels: $84.99 support, $91.21 resistance.
