Netflix's stock is not expected to drop this week. Here's why:
- Current Price Trend: The stock is in a bullish trend, which has lasted for 60 days. The probability of this trend continuing is 67%, based on the continuation probability analysis
- Support and Resistance Levels: Netflix's stock is currently above the wide resistance level but below the narrow resistance level. The support level is at $1,170.13, and the resistance level is at $1,321.86 This suggests that there is a floor below which the stock is unlikely to fall.
- Forecast Price Trend: The forecast for Netflix's stock price for the upcoming days is bullish, with a mean forecast price ranging from $1,352.69 to $1,375.45 This indicates that the stock is more likely to go up than down in the short term.
- Market Sentiment: Despite some bearish options activity, the overall market sentiment is positive, with analysts setting a consensus target price of $1,44512. This suggests that analysts are generally optimistic about the stock's future performance.
- Recent Performance: Netflix's stock has outpaced the S&P 500 and other major indices in the recent past, indicating strong investor confidence32.
In conclusion, based on the bullish trend, support and resistance levels, forecast price trend, market sentiment, and recent performance, Netflix's stock is not expected to drop this week. However, investors should always monitor relevant market dynamics and news that could impact the stock's performance.
7/1/2025 07:07pm
