NetFlix may fall to 573.00 - 586.00

Our pivot point is at 650.

Our preference

The downside prevails as long as 650 is resistance.

Alternative scenario

The upside breakout of 650 would call for 671 and 684.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 651.435 and 655.3104).

Supports and resistances

684 **

671 *

650 **

642

628.2 (USD-last)

598

586 **

573 *

561 **

Number of asterisks represents the strength of support and resistance levels.