Given that NFLX stock is up 5% over the last month, will it continue its upward trajectory, or is a decline imminent? Going by historical performance, there is a higher chance of a rise in NFLX stock over the next month. Out of 1,120 instances in the last ten years that NFLX stock saw a twenty-one-day decline of 5% or more, 656 of them resulted in NFLX stock rising over the subsequent one-month period (twenty-one trading days). This historical pattern reflects 656 out of 1,120, or a 59% chance of a rise in NFLX stock over the coming month, implying that the stock may be a decent bet in the near term. See our analysis on Netflix Stock Chance of A Rise for more details.
- Calculation of ‘Event Probability’ and ‘Chance of Rise’ using last ten years’ dataAfter moving 6% or more over a five-day period, the stock rose in the next five days on 55% of the occasions.
- After moving 3.5% or more over a ten-day period, the stock rose in the next ten days on 58% of the occasions.
- After moving 4.6% or more over a twenty-one-day period, the stock rose in the next twenty-one days on 59% of the occasions.
This pattern suggests that there is a reasonable chance of a rise in NFLX stock in the near term.
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