Netflix Inc. (Netflix (NFLX)) shares traded nearly 2% higher on Monday as buyers stepped in near recent lows, with the chart showing early signs of momentum improvement. The stock gained as investors bought into the recent pullback, trading at a historically low valuation ahead of its July 16 second-quarter earnings report.

The broader market was mixed: the Nasdaq was down 1.54% and the S&P 500 shed 0.56%, but the Communication Services sector rose 0.67%, giving NFLX a relative-strength bid against a risk-off tape.

Technical Analysis

The bigger trend is still pointed down. The stock is trading 0.9% below its 20-day SMA ($75.28) and much further below longer-term levels — 9.1% under the 50-day SMA ($82.06) and 21.2% under the 200-day SMA ($94.70). That stack of moving averages overhead keeps rallies vulnerable to selling pressure until price can reclaim at least the 20-day/50-day area. Structurally, the bearish backdrop remains in place, with the 20-day SMA below the 50-day SMA and a death cross (50-day SMA below the 200-day SMA) that formed in December 2025.

Netflix Earnings and Analyst Outlook

The countdown is on: Netflix is set to report earnings on July 16, 2026. Here's what analysts are expecting:

• EPS Estimate: 79 cents (up from 72 cents year-over-year)
• Revenue Estimate: $12.58 billion (up from $11.08 billion year-over-year)
• Valuation: P/E of 23.7x, suggesting fair valuation relative to peers

Analyst Consensus & Recent Actions: The stock carries a Buy rating with an average price forecast of $110.76. Recent analyst moves include:

• Oppenheimer: Outperform (lowers forecast to $100.00) on July 13
• Keybanc: Overweight (lowers forecast to $92.00) on July 13
• Citigroup: Buy (lowers forecast to $100.00) on July 9

Top ETF Exposure

• First Trust DJ Internet Index Fund (FDN): 9.31% weight
• First Trust Dow Jones Internet Index Fund (FDN): 7.56% weight
• Fidelity MSCI Communication Services Index ETF (FCOM): 5.80% weight

Significance: Because NFLX carries such a heavy weight in these funds, any significant inflows or outflows will likely trigger automatic buying or selling of the stock.

Netflix Price Action

NFLX Stock Price Activity: Netflix shares were up 1.77% at $74.67 at the time of publication on Monday.