Netflix Exhaustion

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I’m a happy Netflix subscriber (again, check out Synecdoche, recently released there) but I think the stock is comically overpriced. Looking at the PSAR indicator, it recently “flipped bearish” after a very successful PSAR bull run.


Backing up to look at more time, you can see how prices are being turned away from that horizontal. Keep in mind, this sucker still has a P/E of over 133. A bargain, it is not.

slopechart NFLX

The very long-term chart shows how the price has been contained within a huge ascending channel, and it is definitely closer to the top of that channel than the bottom.

slopechart NFLX