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NFLX Stock Price Noted its 52-week High in the Recent Week

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NFLX Stock Price Noted its 52-week High in the Recent Week
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The bullish sentiments of Netflix (NASDAQ: NFLX) stock took its price up which finally marked its 52-week high this week. It is clear that investor’s confidence in the stock made it possible to bring the stock upside. As reported by The Coin Republic (TCR), the American media company released its ad-based plan last week. After this, the stock price of the company gained quite good trading volume which eventually helped the stock to reach its 52-week high.

Netflix Stock’s Weekly Price Analysis

Netflix (NASDAQ: NFLX) stock closed on May 26th, Friday at $378.88 with almost 4% of price gain. In the recent 5-days of trading session, the stock added $13.13 in its price. Meanwhile, on Friday, the stock opened at $361.10, gave high at $383.76 and noted low at $356.00. Notably, this high was also its 52-week high, which shows that the stock price jumped almost 6% in its Friday trading session.

NFLX Stock Price Noted its 52-week High in the Recent Week
Source: NFLX/USD by Trading view

As shown in the above price-chart, in the last one week the price gain in NFLX stock was bullish. However, the bears in the market also showed their dominance and were still not able to drop the stock price. However, the bears took the stock price below which was nearly at $354.00. Still, the dominance of active bulls won the race this recent week and took the stock price upside.

The RSI of the stock price almost reached its overbought zone in the last week, which then slid a little then again following an upside track. The all-time price performance of NFLX stock was also bullish as per the data sourced from Trading view. The growth of stock is nearly 18% in one month, 31% in 6-months and more than 100% in one year.

NFLX Stock Price Noted its 52-week High in the Recent Week
Source: NFLX Stock Price Target by Trading view

According to the previous price target set by analysts, it has now changed a little bit. As the recent price target is at $366.37, which is again down more than 3% from the recent closing price. From the previous report by TCR, the one-year price forecasts of NFLX stock had changed. The maximum estimate of stock price was at $440.00 which is now at $450.00. However, the minimum estimate has not yet changed.

This overall analysis of the stock price shows that the momentum in the stock was positive due to the bullish structure formation, while the stock price of this American media company experienced higher highs and higher lows in the recent months.

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.

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