$NFLX

NFLX is not a buy/watchlist candidate because RSI has not turned positive and MACD lacks a good crossover, despite a 5% rise last week.

Name: The Market Is Getting Defensive. But Not Where You Think
Uploaded: 2026-10-10T00:10:39.000Z
Description: NFLX is not a buy/watchlist candidate because RSI has not turned positive and MACD lacks a good crossover, despite a 5% rise last week.

Bearish

“The Market Is Getting Defensive. But Not Where You Think”

StockCharts TVPublished Oct 9 · 1 passage

19:22/ —Open the source video

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Netflix rose 5% last week, but it's not quite ready for the big stage yet. We can see this black upward line through the red line starting to appear, with the RSI indicator poised to turn positive.

However, in this particular chart, if we look at the long-term weekly timeframe, what we should look for, if we look historically at previous upward periods, is the return of the "RSI" indicator to the positive zone coupled with a good crossover in the "MACD" indicator.

At this moment, we are not close to the RSI indicator turning positive. Therefore, I will not put Netflix on my watchlist. It is only noteworthy from an interesting perspective that the stock actually rose by 5% last week.

What this channel has said about $NFLX

StockCharts TV has 2 calls on this stock; only the adjacent ones are shown.

2026-10-09BearishThis one

Netflix rose 5% last week, but it's not quite ready for the big stage yet. We can see this black upward line through the red line starting to appear, with the RSI indicator poised to turn positive. However, in this particular chart, if we look at the long-term weekly timeframe, what we should look for, if we look historically at previous upward periods, is the return of the "RSI" indicator to the positive zone coupled with a good crossover in the "MACD" indicator. At this moment, we are not close to the RSI indicator turning positive. Therefore, I will not put Netflix on my watchlist. It is only noteworthy from an interesting perspective that the stock actually rose by 5% last week.

Direction flip

2026-08-28Bullish

Next up, Netflix has been on a tear certainly going back to mid-July. And a lot of this having to do with that M&A deal. It had quite a bit of overhang, but now that that is behind it, the stock has been able to advance. Also, the fact that they are seeing quite a bit of improvement in their advertising sales, and most impactful more recently is the fact that Bill Ackman took a major stake in the company. So, we can see this V-shaped recovery taking place. We have a nice positive RSI and MACD. Your next potential area of upside resistance is this 200-day simple moving average. You will want to also take a look at the weekly chart because in order for a more pronounced advance taking shape longer term, we are going to want to get that RSI back above 50. Right now, we're sitting here at 48.3. So, that'll be a secondary, but key metric that you will want to keep an eye on. We did see a nice black line up through the red bullish crossover on the MACD. So, Netflix certainly is setting up for further upside, but for longer term investors, keep that weekly chart in mind.

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