NetFlix may rise to 719.00 - 744.00

597 is our pivot point.

Our preference

The upside prevails as long as 597 is support.

Alternative scenario

Below 597, expect 556 and 531.

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 trading above both its 20 and 50 day moving average (respectively at 602.296 and 606.8972).

Supports and resistances

769 **

744 *

719 **

693

635.67 (USD-last)

614

597 **

556 *

531 **

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