Netflix, Inc. stock closed at $75.31 on September 17, down 1.44% from the prior close of $76.41. Price has broken below every major moving average on the daily chart. The technical picture now leans firmly bearish, though short-term oversold readings complicate the near-term path.

Key takeaways

• NFLX closed at $75.31, below its EMA20 ($78.01), EMA50 ($77.85), and EMA200 ($87.30)—a textbook bearish structure.
• Daily RSI14 at 43.14 remains neutral, meaning sellers still have room to push lower before exhaustion signals appear.
• A Wells Fargo downgrade on a weak content slate followed the stock’s latest leg of selling pressure.
• Hourly RSI14 has fallen to 26.06…