Watch These Netflix Price Levels as Stock Soars After Strong Q4 Earnings | Global News Avenue

Netflix (NFLX) shares soared in after-hours trading on Tuesday after the streaming giant reported better-than-expected fourth-quarter results. Increases revenue forecast for 2025.

Investors also cheered Streaming decided to improve its subscription Prices in the United States, Canada, Portugal and Argentina. The company added 19 million net new users in the fourth quarter, bringing its total membership to more than 300 million.

As of Tuesday’s close, Netflix shares were up 80% in the past 12 months, significantly outpacing S&P 500 Index The return over the same period was 25%. The stock rose 14% to nearly $995 in after-hours trading.

Below, we take a closer look at Netflix’s charts and usage technical analysis Point out key post-earnings price levels to watch.

Share price bottomed at 50-day moving average

After setting an all-time high in early December, Netflix stock retraced 13% before bulls stepped in and traded slightly lower. 50-day moving average.

Although the stock failed to close above popular indicators ahead of quarterly results, trading volume Recording its highest level since mid-October suggests some of the larger market players are preparing for the post-earnings release volatility.

Let’s turn to Netflix’s chart to predict new uptrend may play a role in stocks and identify two major support level It’s worth watching during the pullback.

Bar chart analysis

Investors can speculate on how a new uptrend will form by applying bar pattern analysis, a technique that studies previous trends to predict future price movements.

When applying this tool to the chart of Netflix, we take price bars containing the stock price trend Moving from last August to December and stacking up from this month’s lows.

This analysis predicts potential benefit The target is around $1,285 and suggests the new trend could continue until the end of May if price action Rhymes with last year’s rise. We choose the previous trend because it follows correct Over 10%, setting the stage for a similar move to occur again after the stock’s recent decline.

Major support levels to watch

period retracementinvestors should first pay close attention to the $930 level. This area is likely to attract strong buying interest around a tight range merge The stock formed on the chart just below All Time High (ATH)possibly flipping from the resistance area to the support area.

Finally, a close below this level would open the door for a further significant decline towards around $824. Investors may pay attention to accumulation Stocks in the region are close to connecting the mid-November minor correction lows with this month’s trend line groove.

The reviews, opinions and analyzes expressed on Investopedia are for informational purposes only. read our Warranty and Disclaimer Learn more.

As of the date of this writing, the author did not own any of the securities mentioned.