Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
Netflix's stock tumbled 8.38% in the last session, or 29.82 points, barreling through the main upward trend line in the medium term as shown in the attached chart, with negative pressure from the 50-day SMA, while the RSI reached oversold levels.
Therefore we expect more losses for the stock, as long as it settles below 338.82, targeting the support of 299.16.
Expected trend for today: Bearish