Netflix (NFLX) Share Price Jumps Nearly 5%

Netflix (NFLX) Share Price Jumps Nearly 5%

According to the charts, Netflix (NFLX) shares rose to their highest level since early April, while the S&P 500 index (US SPX 500 mini on FXOpen) declined by approximately 0.2% yesterday.

Since the beginning of 2025, NFLX’s share price has increased by more than 8%, showing resilience in a volatile stock market that remains sensitive to the escalation of the global trade war.

Why Is Netflix (NFLX) Gaining in Value?

The strong performance may be attributed to three key factors:

1. Jason Helfstein, an analyst at financial holding company Oppenheimer, believes the company likely faces “limited” risks. Netflix does not sell tradeable goods subject to tariffs and could even benefit from a potential economic downturn if consumers opt to stay home more often.
   
2. According to The Wall Street Journal, Netflix has set a target of reaching a market capitalisation of $1 trillion and doubling its revenue to $39 billion by 2030.
   
3. Positive sentiment ahead of the earnings report – yes, Netflix is one of the first to release its quarterly results.
   

Technical Analysis of NFLX Share Chart

The share price is moving within an upward channel (shown in blue), with strong support in 2025 provided by both the lower boundary of the channel and the $840 level – a level originating from the powerful rally at the end of 2024.

On the other hand, the price has now approached the psychological $1000 level. It is possible that, in light of the upcoming earnings release (scheduled for tomorrow, 17 April), the bulls may attempt a breakout and aim to secure a foothold in the upper half of the channel.

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