NFLX sinks 10.07% post-earnings — gap pressure to $1,085
“$1,116 plunge: $Netflix(NFLX)$ sinks 10.07% post-earnings — gap pressure to $1,085; rebound needs $1,150 reclaim”
$Netflix(NFLX)$ Close $1,116.37 (-10.07%), intraday $1,112–$1,157, marking its sharpest single-day drop in months.
Selloff followed an earnings-related tax expense and tempered subscriber guidance, prompting broad profit-taking across streaming peers.
Tech & week-ahead: Volume + MACD + RSI → heavy-volume breakdown, MACD accelerating negative, RSI ≈ 38, near oversold.
Volume + SAR + EMA → SAR flipped bearish, EMA20 curling lower; short-term trend corrective.
Support lies at $1,100 / $1,060 / $1,040; resistance $1,150 / $1,185 / $1,200.
Holding above $1,100 could trigger a technical rebound toward $1,150–$1,185; failure risks an extended slide to $1,060.
Valuation: P/E ≈ 46.7×, premium to the S&P 500 (≈ 28–31×) but justified by growth leadership.
Short-term bias: stabilization before potential earnings drift recovery.
Sources: Yahoo Finance (latest close, range, P/E); TradingView (daily MACD/RSI/SAR/EMA). Not investment advice.
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