NetFlix may rise to 698.00 - 722.00

Our pivot point stands at 583.

Our preference

The upside prevails as long as 583 is support.

Alternative scenario

The downside breakout of 583 would call for 544 and 521.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 586.531 and 604.0714).

Supports and resistances

745 **

722 *

698 **

674

621.1 (USD-last)

599

583 **

544 *

521 **

Number of asterisks represents the strength of support and resistance levels.