Netflix extended higher through April on the back of strong Q1 earnings, resilient pricing power, and traction in the ad-supported tier. That rally ran into valuation concerns by June, with analyst downgrades and questions over subscriber momentum, margin durability, and execution on the ad strategy.
Technically, the stock has since carved out a descending channel. The latest breakdown from a corrective bear flag pattern points to risk of continuation toward the channel’s lower bound. This aligns with the broader scepticism around growth visibility and rising content costs, leaving the market reluctant to re-rate the stock higher at this stage.
Technically, the stock has since carved out a descending channel. The latest breakdown from a corrective bear flag pattern points to risk of continuation toward the channel’s lower bound. This aligns with the broader scepticism around growth visibility and rising content costs, leaving the market reluctant to re-rate the stock higher at this stage.
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As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.