Testing Support Level, NFLX Stock Drops 0.85% on Wednesday

Yahoo Finance data sourced from the exchange show Netflix closed at $61.99 on Wednesday, October 28, after falling 0.85% in the session and 4.69% over five days. The shares finished at their 20-session low and near the three-month floor of $61.51, while the 20-day trend continued to slope down. That combination makes the stock worth watching: the price is testing a meaningful area of support, but the indicators do not yet confirm a reversal.

Trend & Price Action

Netflix is trading below both its 20-day simple moving average, at $68.12, and its 50-day average, at $73.40. The 20-day average fell 2.20% over five days, a sign that weakness is not confined to a single session. There is no new moving-average crossover; instead, the price structure and falling average point to an established downtrend. The stock sits at the bottom of its 20-session range, with resistance at $72.61, and is close to its three-month low of $61.51. The latest close also slipped below the lower Bollinger Band at $62.28. Bollinger Bands measure how far a price has moved relative to its recent average; a close below the lower band can signal unusually strong selling, but does not by itself show that selling has ended. The band width of 17.1% is described as normal, not a squeeze that would imply an unusually tight setup. [ GRAFIK-HARGA ]

Oscillators & Momentum

Momentum indicators are weak, with one important qualification: they suggest the decline may be stretched, not that a rebound is confirmed. The RSI is 30.3, classified as neutral in the supplied data. RSI gauges the pace of recent gains and losses; a low reading can reflect persistent selling pressure, but this figure should not be relabelled oversold. The Stochastic is oversold, with %K at 4.2 and %D at 4.9. This indicator compares a closing price with its recent trading range, so such low readings show that Netflix ended near the bottom of that range. Yet the MACD remains negative at -2.502, below its -1.903 signal line, with a -0.598 histogram. That alignment indicates downward momentum remains in control rather than confirming a turn. [ GRAFIK-MOMENTUM ]

Volatility & Volume

The average true range is $2.15, or 3.5% of the share price, indicating moderate day-to-day volatility. In practical terms, moves of a couple of dollars are consistent with recent trading conditions, so a small bounce would not alone overturn the broader pattern. Volume was 41,761,800 shares, around the 20-session average of 43,917,505. Trading was therefore close to normal rather than an exceptional surge that might signal a decisive change in participation. On-balance volume, which tracks whether volume accompanies rising or falling prices, is declining. That weakens the case for accumulation while the price remains under its moving averages.

Key Levels & Scenarios

The immediate test is the $61.99 20-session support, with the three-month low at $61.51 nearby. A break below $61.51 would undermine the current support area and leave the chart without a lower supplied reference level. If the price holds that zone, the first substantial recovery hurdle is the lower-to-middle moving-average area: the 20-day average at $68.12, followed by resistance at $72.61. The 50-day average at $73.40 is a further barrier, not evidence of a reversal unless the price can reclaim it. The core signal is bearish, but oversold Stochastic readings and proximity to the three-month low make a support test more informative than chasing the trend alone.

Technical Verdict: HOLD (wait & see)

The verdict reflects three indicators: price remains below falling SMA20 and SMA50, MACD is negative, and OBV is declining. Against that, the stock is at its 20-session low with oversold Stochastic readings, so the data show pressure and potential exhaustion without confirming a rebound. The verdict is invalidated if price falls below the supplied three-month low of $61.51.

• Ideal Entry Range: $61.51–$62.28, anchored to the three-month low and lower Bollinger Band.
• Exit Target (Target Price): $68.12–$72.61, spanning the SMA20 and 20-session resistance.
• Stop Loss protection: Below $61.51, the supplied three-month low.

For non-traders, HOLD means the chart is weak but has not yet shown whether support will hold or give way. Data source: exchange data via Yahoo Finance, as of October 29, 2026, 03:00 WIB. Technical analysis is not an investment recommendation.

Summary Data NFLX

Last price	61.99 USD
Change 1 day / 5 days / 1 month	-0.85% / -4.69% / -10.91%
Trend / MA-cross	downtrend / none
SMA20 / SMA50	68.12 / 73.40
RSI (14) / Stochastic %K	30.3 / 4.2
Bollinger %B / ATR	-2% / 2.15
Support / Resistance 20 days	61.99 / 72.61
Data as of	29 October 2026 03:00 WIB

Disclaimer: This technical analysis is generated automatically from exchange data (via Yahoo Finance) and indicators calculated by JournalArta, for information and education only. The verdict and the entry, target and stop-loss levels are not investment advice or a solicitation to buy or sell any security. Investment decisions and their risks rest solely with the reader.