Netflix (NFLX) is experiencing significant volatility, hitting a 52-week low of $75.01 today, February 23, 2026

 Netflix (NFLX) is experiencing significant volatility, hitting a 52-week low of $75.01 today, February 23, 2026. While a bullish engulfing pattern occurred on Friday, February 20, with a 2.17% gain, it failed to provide a trend reversal as the stock crashed 3.37% today. 

The chance of a rebound tomorrow, February 24, is hampered by strong bearish momentum and a "Strong Sell" technical rating. However, short-term forecasts suggest a potential modest recovery to $79.64 by February 27, and the stock is currently trading just 1.03% above its 52-week low, which may attract value buyers. 

Key Insights

• Failed Reversal: The bullish engulfing candle from February 20 (Open: $76.61, Close: $78.67) was completely negated by today's drop to $76.02, indicating that the previous day's buying pressure lacked follow-through.
• Bearish Drivers: Shares fell amid a broader 1.1% Nasdaq decline and a negative report from Citrini Research regarding AI threats to Netflix's business model.
• Takeover Uncertainty: Ongoing acquisition talks for Warner Bros. Discovery (WBD) continue to create a "chained down" effect on the stock price until a resolution is reached.
• Technical Support: While current daily indicators are bearish, the 14-day RSI (59.59) and MACD (0.180) still lean toward a "Buy," suggesting the stock might be oversold in the immediate term.
• Analyst Outlook: Despite the crash, the average 12-month price target remains high at $113.19, implying a potential 49% upside if the current "undervalued" period ends.