Watch These Netflix Stock Price Levels as Momentum Slows Ahead of Earnings [Video]

Netflix (NFLX) shares will be on investors’ radar screens this week as the company is slated to report its second-quarter earnings after the bell on Thursday.

Investors will be focused on advertising revenue, pricing updates, and further details about the company’s expanding foray into live event sports programming. Given Netflix’s plans to pivot from reporting subscription metrics next year, analyst will also likely scrutinize these numbers, looking for signs of cooling growth.

Below we take a closer look at the the streaming giant’s weekly chart and point out important technical levels to watch out for amid possible earning’s-related volatility this week.

Netflix shares have remained in a steady uptrend since May 2022, with the stock generally making higher highs and higher lows over the past two years. Moreover, the 50-week moving average (MA) crossed above the 200-week MA in February to form a bullish golden cross pattern.

However, more recently, several technical indicators suggest …