Netflix Stock Hits 52-Week Low, Trades 43% Below Its Peak
Netflix Stock closed at $71.71 on July 31, trapped below every major daily moving average. The EMA20 sits at $72.46, the EMA50 at $76.77, and the EMA200 at $90.64. This stacked bearish alignment confirms selling pressure remains firmly in control.
Key takeaways
- Netflix Stock closed at $71.71 on July 31, below all major daily moving averages โ EMA20 at $72.46, EMA50 at $76.77, and EMA200 at $90.64.
- Daily RSI14 sits at 44.6 with MACD still negative, though a positive histogram at 0.6 signals decelerating downside momentum.
- The stock hit a 52-week low after Q2 earnings despite beating estimates, as guidance slowed and free cash flow declined.
- Hourly and 15-minute charts show neutral consolidation, with price compressed in a tight range and momentum flattening.
- Key levels to watch: $72.60 resistance and $70.96 support; a break of either likely sets the next directional move.
Notably, the fundamental backdrop reinforces the bearish technical picture. Netflix hit a 52-week low after Q2 earnings, according to Seeking Alpha. The company beat on estimates, but guidance slowed and free cash flow fell, keeping sellers in control despite the headline beat. Meanwhile, Yahoo Finance and The Motley Fool note the stock is down as much as 46%. It trades 43% below its 52-week high โ a significant repricing that aligns with the daily technical structure.
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