Amgen Stock Outlook: Bearish Earnings Forecast Could Present Long-Term Value Opportunity
$$296.32
Amgen Stock Outlook: Bearish Earnings Forecast Could Present Long-Term Value Opportunity
04 Nov 2025, 13:11
Chart & Data from IG
Seems like the momentum here for Netflix is beginning to stall with the earnings season looming perhaps time for some profit-taking in the short-term. Currently, its stock is trading at around $619.31 a share. Applying the 20, 50, and 200 moving averages to the chart, we can see that the price of the stock is trying to remain above its 20MA. Having already dipped below it may be an indication that increased selling pressure is starting to weigh. The failed attempt to move above the resistance of $634.67 has probably soured more of the sentiment. A move back below the 20MA would likely lead to a decline towards the 50MA, which currently reads $594.44. However, a break below the 50MA would not necessarily suggest that a fall towards the 200MA is then likely, as there are various levels offering support along the way. It would be unreliable to look at any resistance levels for the time being as the bias is shifting towards the downside. The technical indicators are a little mixed, the MACD is now slightly negative but the RSI is just positive as it reads 55.