Netflix stock (NFLX) is trading around eighty-six dollars as of late January twenty-six, twenty-twenty-six, after a sharp correction from its twenty-twenty-five highs above one hundred thirty. The price sits well below the fifty-day and two hundred-day moving averages, both hovering in the eighty-six to ninety-one range, creating a strong overhead resistance zone and confirming a longer-term bearish trend.
Short-term momentum looks mixed. The fourteen-day RSI sits near fifty, right in neutral territory after dipping into oversold levels below thirty earlier this month following the post-earnings sell-off. That brief oversold condition triggered a small bounce, but it hasn’t reversed the broader downtrend yet. MACD remains slightly negative, with the line just under the signal, hinting at fading bearish momentum but no clear bullish crossover.
Price action shows the stock consolidating in a tight range between roughly eighty-four and eighty-seven dollars, with immediate support around eighty-four point eight and resistance near eighty-seven point five based on recent pivots. Volume has been average on the pullback, no major capitulation yet, which suggests sellers are still in control but exhaustion could be building.
The overall technical picture leans bearish on the daily and weekly charts. Most moving averages are aligned south, with the price below key EMAs. Oscillators are neutral to slightly positive, offering hope for a relief rally, but without a decisive break above the fifty-day around eighty-six point four, upside remains capped.
Near-term traders might watch for a move above eighty-seven to target ninety, where the two hundred-day sits, while bears defend eighty-four as the line in the sand. Longer-term, until NFLX reclaims the ninety-five area, the trend stays down. Sentiment reflects profit-taking after a big run last year, plus macro caution, but oversold signals keep the door open for a tactical rebound.
In summary, Netflix is in a corrective phase with neutral short-term indicators and bearish structure overall. Risk is still tilted lower unless we see a strong volume-backed breakout.