Netflix stock shows a bearish daily setup despite a positive 15-minute MACD histogram. Price trades below all three daily exponential averages and the lower Bollinger band. The hourly chart supports that bearish bias, while the shorter timeframe offers only a limited counterpoint.
Key takeaways
- Netflix was trading at $61.87 as of 12:08 ET on Wednesday, October 28, 2026, down 1.04% from the previous close of $62.52.
- Daily RSI14 is 30.06, approaching the oversold threshold, while the daily MACD histogram is -0.61.
- Price holds below the daily lower Bollinger band at $62.25 and below daily S1 at $62.04.
- The 15-minute MACD histogram is 0.01, up from -0.01 on the preceding candle, with 15-minute RSI14 at 33.07.
- Daily ATR14 is $2.05, down from $2.13 on the previous daily candle.
Netflix stock price and Wednesday session
Netflix was trading at $61.87 as of 12:08 ET on Wednesday, October 28, 2026. The level was down 1.04% from the previous close of $62.52. Wednesday’s session opened at $61.92 and traded between a low of $61.66 and a high of $62.65. The session remains open.
Netflix stock faces a bearish daily structure
The daily technical structure is bearish, with Netflix stock trading below all three exponential moving averages and the lower Bollinger band.
Daily trend structure
The daily exponential averages sit in bearish alignment above price. The 20-session EMA is $67.84, followed by the 50-session EMA at $71.33 and the 200-session EMA at $81.7. That broader structure remains unfavorable for a bullish thesis.
Daily momentum reading
Daily RSI14 stands at 30.06, approaching oversold territory but still above the threshold. Meanwhile, the daily MACD line is -2.51, below its signal at -1.9, with a negative histogram of -0.61. That relationship supports the bearish reading.
Bollinger band location
Price sits beneath the daily lower Bollinger band at $62.25. The mid-band is $68.11 and the upper band is $73.98. Notably, the position outside the lower band highlights downside extension, but it does not establish a reversal.
Daily pivot levels and volatility context
The daily ATR14 is $2.05, down from $2.13 on the previous daily candle. That indicates a smaller average trading range, not a change in directional bias. The daily first support, S1, at $62.04 sits above the current price. The daily pivot at $62.96 and first resistance, R1, at $63.43 are also overhead. These levels derive from the previous completed daily candle and apply to the current session.
Hourly confirmation and short-term conflict
The hourly chart confirms the bearish bias, while the 15-minute chart provides only a limited positive counterpoint.
Hourly trend and momentum
The hourly exponential averages are bearishly aligned above price. The 20-hour EMA is $63.36, the 50-hour EMA is $65.42, and the 200-hour EMA is $70.15. Hourly RSI14 is 25.17, in oversold territory, while the hourly MACD histogram remains negative at -0.02. Oversold conditions complicate short-term timing, but the hourly chart does not overturn the daily bias.
15-minute signal and local pivots
On the 15-minute chart, the MACD histogram crossed above zero to 0.01 from -0.01 on the preceding candle. Its RSI14 rose to 33.07 from 29.12, leaving it above the oversold threshold but below 50. These are positive short-term readings within a bearish broader structure. Price remains below the 15-minute 20-period EMA at $62.13 and the Bollinger mid-band at $62.19.
For execution context, price is above the 15-minute pivot at $61.8 and equals its first resistance at $61.87. It is also above the hourly pivot at $61.74 and the hourly first resistance at $61.83. Overall, those nearby levels explain the mixed picture: local pivots are supportive, while the hourly and daily averages remain overhead.
News context for Netflix stock
A contributor’s piece published before Wednesday’s open maintained a bullish view. The note came from a Seeking Alpha contributor and cited revenue growth of 12%, the slowest pace in three years.
It also described moderating growth while keeping that bullish stance. This remains a contributor’s assessment, not evidence that the chart’s bearish conditions have changed.
Conditional scenarios for Netflix stock
The bullish and bearish cases both hinge on $62.04 and $62.25. Failure to reclaim them would keep the bearish case intact.
Bullish scenario
A bullish scenario would first require Netflix stock to reclaim daily S1 at $62.04 and the daily lower Bollinger band at $62.25. These would be incremental improvements, not a complete repair of the daily structure.
Bearish scenario
Conversely, a failure to reclaim $62.04 and $62.25 would leave the bearish case intact. A break below the 15-minute pivot at $61.8 would undermine the immediate bullish case. The hourly pivot at $61.74 and hourly first support at $61.62 would then define further downside checkpoints.
Still, Netflix stands below daily support and the lower Bollinger band, despite holding above nearby intraday pivots. Daily ATR14 of $2.05 frames the volatility backdrop. The unresolved question is whether the positive 15-minute signal can produce price acceptance above the daily levels while the hourly structure remains bearish.
FAQ
What is the current intraday price of Netflix stock?
On Wednesday, October 28, 2026, Netflix was trading at $61.87 as of 12:08 ET, down 1.04% from the previous close of $62.52. The session remains open.
What does the daily technical structure show?
The daily structure is bearish. Price trades below the 20-session EMA at $67.84, the 50-session EMA at $71.33, and the 200-session EMA at $81.7. It also sits beneath the daily lower Bollinger band at $62.25.
Which levels matter for a bullish scenario?
A bullish scenario first requires reclaiming daily S1 at $62.04 and the daily lower Bollinger band at $62.25.
What do the 15-minute indicators show?
The 15-minute MACD histogram is 0.01, up from -0.01 on the preceding candle. The 15-minute RSI14 is 33.07, up from 29.12, while price remains below the 15-minute 20-period EMA at $62.13 and the Bollinger mid-band at $62.19.
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Article produced with the assistance of artificial intelligence and reviewed by the editorial team.