Netflix shares peaked on July 1, then entered a corrective phase that brought them nearly to the 38.2% retracement of the rally from the April 4 low. The decline took the price from $1,341.15 down to a low of $1,144, just above the 38.2% retracement level at $1,142.49. Since bottoming on August 5, the stock has been recovering in a relatively orderly fashion.
The first hurdle for buyers was reclaiming and holding above the 50-hour moving average (black line on the chart), which they achieved. The second hurdle was the 100-hour moving average (blue line), and on August 8, the price gapped above that level, igniting a stronger push higher.
The third hurdle—the 200-hour moving average (green line, currently at $1,217)—has been the battleground over the past two sessions. The price has oscillated above and below this level but is now attempting to establish more distance to the upside.
Tomorrow will be pivotal for the bulls. Sustaining the rally could put the 50% midpoint of the decline from the all-time high—at $1,242.93—in play as the next key upside target. However, a failure to hold above the 200-hour moving average could see momentum falter, leading to a potential pullback toward the $1,200 area.
Fundamentally speaking, is there anything better than Neflix?
According to a recent Zacks report, Netflix’s strong content lineup continues to drive high viewer engagement, a key pillar of its growth strategy. In Q2 2025, Squid Game Season 3 alone drew about 122 million views, while other hits like Sirens, Ginny & Georgia Season 3, The Eternaut, and films such as STRAW and Exterritorial added to total watch hours, reinforcing its reputation for producing must-watch programming that attracts and retains subscribers.
Looking ahead, Netflix plans to sustain momentum with a robust release schedule. Major upcoming titles include Wednesday Season 2, reality favorites like Love Is Blind, Selling Sunset, and Squid Game: The Challenge, as well as high-profile originals such as Billionaires’ Bunker from Money Heist creator Álex Pina, Black Rabbit starring Jason Bateman and Jude Law, House of Guinness from Peaky Blinders creator Steven Knight, and the Mexican drama Las Muertas. On the film side, the slate spans genres and international talent, from French Lover with Omar Sy to Kathryn Bigelow’s A House of Dynamite and Guillermo del Toro’s Frankenstein.
This content push is underpinned by Netflix’s “local for local” strategy, which blends global reach with regionally tailored storytelling. Notably, the company has committed €1 billion to Spanish programming through 2028, reinforcing its position in key international markets.
Beyond content, Netflix’s growing ad-supported tier—offering high-margin, engagement-driven revenue—along with favorable foreign exchange gains, has boosted international sales and fueled investor confidence. Reflecting this optimism, the company has lifted its 2025 revenue forecast to a range of $44.8–$45.2 billion
Blackrock’s Rick Rieder is on CNBC saying positive things about the market (amazingly investing environment). The S&P and NASDAQ are set to close out at another record after reaching new all-time intraday highs in trading today as well.
This article was written by Greg Michalowski at investinglive.com.