Artem Voloskovets
⬤ Netflix shares just broke through a critical support level from April 2025, and that's a big deal for anyone watching the stock's long-term direction. This breakdown officially marks the July 2025 peak as the end of NFLX's four-year bull cycle. The price chart makes it pretty clear—once that April low gave way, the whole technical picture changed, and the previous uptrend is now behind us.
⬤ Here's what makes this move significant: support that held in the low $100s is no longer in play. That shift tells us the stock has moved into a broader correction phase after completing its cyclical run-up. Now traders are eyeing the first yearly support level at $72.54 as the next major floor. That's where historical price structure suggests the stock might find its footing.
⬤ If Netflix slides past that $72.54 mark, the 200-week moving average becomes the next line of defense. This long-term indicator has been a reliable safety net during past pullbacks, so it's worth keeping on your radar. Right now, the stock is still trading above it, but the risk of further downside is real as long as NFLX stays below both its former peak and those broken support zones.
⬤ This matters beyond just Netflix itself. As one of the most-watched large-cap growth stocks out there, NFLX often sets the tone for similar companies. When a major name confirms a multi-year cycle top and starts correcting, it tends to shake up expectations around volatility and trend strength across the sector. How the stock behaves around these support levels could give us clues about how deep and how long this downturn might last.
Artem Voloskovets
