NFLX Tests Key Support at $93 Amid Consolidation
$Netflix(NFLX)$
Netflix, Inc. (NFLX) Tests Key Support at $93.23: Consolidation Phase Underway
Latest Close Data
Closed at $93.23 on 2025-12-23, down -1.23%. Price sits 30.5% below its 52-week high of $134.12.
Core Market Drivers
Recent price action appears driven by broader market consolidation and sector rotation.
While company-specific news is light, investor focus remains on the sustainability of subscriber growth and content ROI against rising competition.
The high P/E ratio continues to be a point of valuation debate.
Technical Analysis
The stock closed on light volume (0.82x ratio), indicating a lack of strong directional conviction.
The MACD (-0.24) remains negative but shows a slight convergence, hinting at potential short-term momentum stabilization.
The RSI (12-period: 30.9) is near oversold territory, suggesting selling pressure may be exhausting.
The KDJ (K:22.9, D:20.4) is in neutral ground, supporting a consolidation view.
Key Price Levels
Primary Support: $92.91 (Today's low). A break below could target the 52-week low near $82.
Strong Resistance: $109.55 (Recent high). This level has capped recent rallies.
Immediate Pivot: $94.35 (Recent support). Reclaiming this level is key for a near-term bullish bias.
Valuation Perspective
The forward P/E of 37.1x is slightly below its recent historical average of 37.8x but remains elevated compared to many media peers, pricing in significant future growth expectations.
Analyst Targets
Sentiment remains bullish long-term. 42 analysts have an average price target of $128.38 (+37.7% upside).
Consensus ratings are heavily skewed positive (12 Strong Buy, 20 Buy, 13 Hold, 1 Underperform).
Weekly Outlook
xpect continued consolidation between $92.90 and $97.00 in the near term.
A decisive break above $97 could signal a move toward $102. Conversely, a close below $92.90 opens the path to test support near $88.
Risk Disclaimer
This analysis is for informational purposes only and not financial advice. Past performance does not guarantee future results. Investing involves risk, including potential loss of principal. Conduct your own research before making any investment decisions.
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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
