Netflix quotes continue to move up as part of the rise after a serious fall. The moving averages indicate a short-term bearish trend for the NFLX. Prices have gone down from the area between the signal lines, which indicates pressure from sellers of securities. At the time of publication of the forecast, the value of the shares is 457.38. As part of the forecast, we should expect an attempt to develop a correction and test the support level near the area of 430.55. Further, a rebound upwards and the continuation of the rise in the value of securities. The potential target of such a movement is the area above the level of 565.05.
Netflix Stock Forecast for February 2022
An additional signal in favor of the rise in Netflix quotes will be a test of the broken trend line on the relative strength index (RSI). The second signal will be a rebound from the support area on the price chart. Cancellation of the growth option for Netflix stock prices will be a fall and a breakdown of the level of 315.05. This will indicate a breakdown of the support area and a continuation of the fall to the area at the level of 275.05. It is worth expecting an acceleration of the rise in shares with a breakdown of the resistance area and closing above the level of 485.05, which will indicate a breakdown of the upper limit of the descending channel.
Netflix Stock Forecast for February 2022 suggests the development of a correction and a test of the support area near the level of 430.55. Where should we expect a rebound and an attempt to continue the rise of the pair to the area above the level of 565.05. In favor of the growth of the currency pair, a test of the trend line on the relative strength index (RSI) will come out. Cancellation of the NFLX rise option will be a fall and a breakdown of the level of 315.05. This will indicate a breakdown of support and a continuation of the fall in value to the area below the level of 275.05.
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