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Watch These Netflix Stock Price Levels After Paul vs. Tyson Streaming Glitches
NetflixNetflix(US:NFLX) Investopediaยท2024-11-18 05:20

Core Insights - Netflix shares are under scrutiny following technical glitches during a record 60 million households tuning into a live fight broadcast [2][3] - The relative strength index indicates a potential slowdown in bullish momentum, suggesting possible profit-taking [5] - A technical analysis predicts an upside target of approximately $870, about 6% above the recent closing price [7] Technical Analysis - Since the beginning of the year, Netflix shares have increased by around 69%, significantly outperforming competitors like Disney and Comcast [4] - The relative strength index (RSI) has turned downward, indicating a potential shift in price momentum [5] - A bars pattern analysis suggests a potential price target of $870 based on previous trends [7][8] Support Levels - Key support levels to monitor include $770, $725, and $690, which may attract buying interest during price retracements [9][10] - A close below $770 could lead to further declines towards $725, while a drop to $690 may present additional entry points for investors [9][10]