Technical Analysis Summary
Chart Type: Daily (1D)
Ticker: NFLX (Netflix Inc.)
Current Price: $1,194.00 (as of October 16, 2025)
Recent Movement: Down by -0.77%
📈 Elliott Wave Labels (in red)
The stock shows a 7-wave impulse move labeled from (A) to (G), forming an upward channel.
The latest top is marked as (G) near $1,450.
A corrective structure appears to be forming post-(G), labeled as (A), (B), (C) in black.
📉 Bearish Outlook
The chart suggests a potential further decline:
From the current level ($1,194) to near $1,107 (short-term support).
Then possibly down to around $1,017 (marked as wave (C)).
📊 Trend Channels
Two parallel ascending channels:
The inner channel guided the move from early 2023 until mid-2025.
The outer channel includes the recent peak at (G), showing possible overextension.
The price has broken below the upper boundary, hinting at a trend change.
Chart Type: Daily (1D)
Ticker: NFLX (Netflix Inc.)
Current Price: $1,194.00 (as of October 16, 2025)
Recent Movement: Down by -0.77%
📈 Elliott Wave Labels (in red)
The stock shows a 7-wave impulse move labeled from (A) to (G), forming an upward channel.
The latest top is marked as (G) near $1,450.
A corrective structure appears to be forming post-(G), labeled as (A), (B), (C) in black.
📉 Bearish Outlook
The chart suggests a potential further decline:
From the current level ($1,194) to near $1,107 (short-term support).
Then possibly down to around $1,017 (marked as wave (C)).
📊 Trend Channels
Two parallel ascending channels:
The inner channel guided the move from early 2023 until mid-2025.
The outer channel includes the recent peak at (G), showing possible overextension.
The price has broken below the upper boundary, hinting at a trend change.
Technical Analyst BY Passion
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Technical Analyst BY Passion
Declinazione di responsabilitÃ
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.