Automatic wave scan: as of 21 Oct 2026, the automatic daily count for Netflix is Wave 5 down with a bearish bias. The count stays valid while price holds 73.07.
Current Netflix wave count
Automatic wave scan Updated daily from the latest daily close (21 Oct 2026). Computer generated from swing highs and lows, not reviewed by an analyst.
Automatic scan: price is in wave 5, the final leg of a five wave decline that began at 83.60 on 3 Sep 2026. Next levels to watch are 62.53 and 53.43. The count fails on a daily close above 73.07.
Key levels
| Type | Levels |
|---|---|
| Resistance | 73.07 · 66.54 |
| Support | 65.08 |
| Invalidation | 73.07 |
What is Netflix?
Netflix was founded in 1997 by Reed Hastings and Marc Randolph in California, first renting DVDs by mail. It launched streaming in 2007 and now produces its own films and series.
In 2022 Netflix reported its first subscriber loss in a decade, and the stock fell sharply. It then added an ad supported plan and cracked down on password sharing, which helped growth return.
What moves the Netflix price?
- Subscriber growth: New members and pricing power drive revenue.
- Advertising tier: Ad sales are a growing source of income.
- Content costs: Spending on shows affects margins.
- Competition: Other streaming services compete for viewers.
- Live events: Sports and live shows can add viewers.
How Netflix moves in Elliott Wave terms
Netflix fell about 75 percent from late 2021 to mid 2022, then rallied strongly in a clear impulsive structure. Its earnings gaps are often very large, which can create extended waves.
NFLX completed a 10-for-1 stock split in November 2025, so make sure your chart is adjusted for the split.
Tips for counting Netflix waves
Use split adjusted charts. Quarterly earnings reports often start or end a wave. Price gaps after results can skip over levels, so place stops with gaps in mind.
Netflix key facts
Netflix Elliott Wave FAQ
How did Netflix start?
As a DVD by mail rental service in 1997, before launching streaming in 2007.
Why did Netflix stock fall in 2022?
It reported its first subscriber loss in more than a decade, which raised growth concerns.
Does Netflix have ads?
Yes. Netflix launched a lower priced plan with ads in late 2022.
Sources and further reading
- Netflix filings (10-K and 10-Q) (U.S. Securities and Exchange Commission)
- Netflix Investor Relations (Netflix)
- Netflix (Wikipedia)
Educational content only. Nothing on this page is financial advice or a recommendation to buy or sell. Trading involves risk and you can lose money. Elliott Wave counts are probabilities, not certainties. Read our full disclaimer and affiliate disclosure.
