Saad Ullah
⬤ Netflix stock is sliding toward new lows after months of technical weakness on the weekly chart. The current decline follows a failed rally in July 2025 that marked the shift from consolidation into a broader bearish phase. Since that peak, price action has stayed weak with lower highs and lower lows as sellers gained control.
⬤ The chart shows a clear Stage 3 topping pattern that formed near the 10-week exponential moving average, where momentum stalled and gains couldn't hold. That breakdown confirmed the loss of trend support and kicked off Stage 4. Since then, Netflix has traded below both the 10-week and longer-term moving averages, which are now sloping down and acting as resistance instead of support.
⬤ Momentum signals back up the bearish structure. Downward moves have come with heavier volume, while bounce attempts have been weak and short-lived. This pattern fits classic Stage 4 behavior, where distribution dominates and buyers struggle to generate meaningful follow-through on any relief rallies.
Saad Ullah
