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Netflix Tests $66 Support Ahead of October Earnings

Netflix Tests $66 Support Ahead of October Earnings

Posted October 16, 2026 at 11:15 am

Jim Iuorio
CME Group

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Netflix reports earnings on October 20th after a punishing 15 months. The stock has fallen nearly 50% from its 2025 highs and recently traded as low as $66 a share, where buyers have repeatedly stepped in to defend the level.
Jim Iuorio of JI Financial Strategies breaks down the technical support at $66, the valuation reset from 54 times to 19 times forward earnings, and why Netflix is the first major U.S. mega-cap growth company to report this season, putting it squarely in the spotlight for technology investors.
For retail traders: what to watch in advertising revenue, forward guidance, viewing hours and the conference call.

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Originally Posted October 16, 2026

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