Netflix (NFLX) Chart Patterns, Support & Resistance & Technical Analysis

Auto-detected technical analysis for NFLX · data as of Aug 4, 2026. The chart above is live; the read below updates daily.

$73.57last close · Aug 4, 202652-week range $65.08 – $126.71 · 41.94% below the high

NFLX Falling Wedge Pattern

NFLX is currently forming a falling wedge on the daily timeframe. Detected Aug 4, 2026.

A falling wedge usually breaks higher, but NFLX is breaking lower out of it instead — a notably bearish turn. A breakout projects a measured-move target near $91.45 (−12.4%). Across 8,465 backtested falling wedges, the setup followed through 56.2% of the time, averaging +0.55R; NFLX's own falling wedges have hit 60.0%.

DirectionBearishTarget$91.45Projected move−12.4%Breakout level$104.93

New to this pattern? What a falling wedge is and how to trade it →

NFLX's Most Recent Falling Wedge Trade

NFLX's most recent completed falling wedge (which broke against type) resolved as a win: it broke down on Dec 3, 2025 near $104.36, then reached its target at $91.45 on Dec 23, 2025 — a +2.40R move (12.4%) over 14 sessions. Across 103 backtested falling wedges, this setup wins 54.4% of the time.

OutcomeWinResult+2.40REntry$104.36Exit$91.45

Learn about falling wedge

How Falling Wedges Have Performed

Win rate
56.2%
Avg return
+0.55R
Backtested trades
8,465
NFLX win rate
60.0%

Historical pattern statistics (2006-08-04 – 2026-08-03), not a prediction.

How these backtests work →

NFLX Pattern Trade History

Every completed pattern trade our nightly backtest found on NFLX's daily chart, newest first — wins and losses alike.

PatternEntryExitOutcomeResult
Falling WedgeDec 3, 2025 @ $104.36Dec 23, 2025 @ $91.45Win+2.40R
Falling WedgeNov 20, 2025 @ $108.48Dec 8, 2025 @ $95.86Win+1.53R
Rising WedgeDec 13, 2024 @ $91.68Jan 10, 2025 @ $86.28Win+2.17R
Rising WedgeOct 14, 2024 @ $72.25Oct 18, 2024 @ $76.39Loss-14.84R
Bullish PennantMay 10, 2023 @ $33.67Jun 21, 2023 @ $42.45Win+4.16R
Rising WedgeJan 20, 2023 @ $33.68Mar 2, 2023 @ $31.19Loss-1.06R
TriangleDec 15, 2022 @ $29.82Jan 13, 2023 @ $33.28Loss-1.00R
Rising WedgeNov 22, 2022 @ $28.44Dec 1, 2022 @ $31.70Loss-1.15R
TriangleOct 18, 2022 @ $24.98Nov 1, 2022 @ $28.68Win+0.97R
TriangleOct 10, 2022 @ $22.47Oct 19, 2022 @ $27.24Loss-2.14R
Bullish PennantJul 15, 2022 @ $18.63Aug 2, 2022 @ $22.14Win+2.12R
Falling WedgeMar 17, 2022 @ $35.97Apr 20, 2022 @ $22.62Loss-4.47R

NFLX Support and Resistance Levels

Price found a floor near $66.51 about 2 weeks ago and has been climbing since. On the weekly chart, the next ceiling overhead sits near $119.34 — still about 62% away.

  • Traders commonly watch $119.34 as a target (its 78.6% extension) — think of it as a sensible next stop, not a guarantee.
  • That ceiling is the first place the climb might pause — worth watching how price behaves as it gets there.
  • There's nothing to act on here — the spot to watch was the $66.51 floor about 2 weeks ago, when price bounced there, but price has already pulled higher. What's left is the climb playing out, not a fresh starting point.

Nearest auto-detected support sits near $65.62, resistance near $104.80. These are chart/swing-derived levels, not formula pivots.

Resistance
$104.80$379.69
Support
$65.62$65.39

NFLX Recent Daily Prices

DateOpenHighLowClose
Aug 4, 2026$72.51$73.75$72.30$73.57
Aug 3, 2026$72.77$73.95$72.18$73.33
Jul 31, 2026$71.97$72.75$71.11$71.71
Jul 30, 2026$71.48$73.32$70.55$73.17
Jul 29, 2026$72.19$73.74$71.75$73.63
Jul 28, 2026$72.07$73.76$71.23$72.39
Jul 27, 2026$70.59$71.65$69.86$70.40
Jul 24, 2026$69.29$70.68$67.97$70.09
Jul 23, 2026$68.57$69.36$67.67$68.89
Jul 22, 2026$69.37$70.57$68.35$68.53

NFLX Frequently Asked Questions

What chart pattern is NFLX forming right now?
As of Aug 4, 2026, TradingPal's detector identifies a falling wedge on Netflix (NFLX) on the daily chart, with a measured-move target of $91.45.
Is a falling wedge bullish or bearish?
The falling wedge detected on NFLX is a bearish pattern, projecting a measured-move target of $91.45. See its full backtested track record above — that's the real edge, not the textbook label.
How reliable is a falling wedge pattern, and what is its win rate?
Across TradingPal's backtest of the falling wedge family (8,465 trades over 631 symbols), it resolved in the expected direction 56.2% of the time with an average of +0.55R. These are historical statistics, not a prediction.
What are the support and resistance levels for NFLX?
Based on auto-detected, swing-derived levels (as of Aug 4, 2026), NFLX's nearest support is around $65.62 and nearest resistance around $104.80.
What is the price target if NFLX's pattern breaks out?
The detected falling wedge has a geometry-based measured-move target of $91.45 (pattern height projected from the breakout). This is a technical target, not a recommendation.
What was NFLX's closing price on Aug 4, 2026?
Netflix (NFLX) last closed at $73.57 on Aug 4, 2026. For the live quote, see the chart above or a real-time quote provider.

Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.