NFLX: Oversold Bounce Builds — Reclaiming $1,150 Key to Unlock $1,180–$1,220 Zone
$Netflix(NFLX)$
$1,118.86 (+2.74%): Oversold bounce on higher volume; reclaim $1,150 puts $1,180–$1,220 back in play
Market Recap (as of Oct 31, 2025)
Netflix closed $1,118.86, range $1,101.98–$1,134.88. Volume 6.87M vs 3.41M avg (~2.0×), a solid accumulation day after a 3-week slide.
Shares sit ~16.6% below the 52-wk high ($1,341.15).
Technical read (Daily, TradingView)
RSI(14) ≈ 41 → still below neutral, but curling.
MACD below zero and widening negative; momentum bearish but moderating.
Price now above 9-DEMA ~ $1,094 and testing 9-EMA ~ $1,122 → first step in a relief bounce.
Structure: lower highs since early Oct; bulls need higher low > $1,100 then a close back over $1,150.
Support / Resistance (near-term)
Support: $1,085/$1055/$1000
Resistance: $1,150/$1,180–1,200
Base case (1–3 weeks)
Sideways-up if $1,100 holds. Close > $1,150 → targets $1,180–1,200; sustained break > $1,200 opens $1,220 and fills toward late-Sep supply.
Lose $1,100 → $1,075 / $1,050 retests.
Valuation / Dates
TTM P/E ~46.7, Beta ~1.59; 52-wk range $749.69–$1,341.15. Next earnings Jan 20, 2026. (No dividend.)
Risk notes
Subscriber adds/ARPU, content spend cadence, and FX can overpower technicals; high multiple raises gap risk into guidance.
Data: Yahoo Finance & TradingView, daily chart (Oct 31, 2025). Tiger Morning Brief — internal use only.
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