In this daily bar chart of NFLX, below, we used a log scale to show the dramatic decline in price. NFLX made a low in May and a successful retest in June. Prices pulled back again in July but are holding, so far, above the May-June lows. The slopes of both the 50-day and the 200-day moving averages are negative.
The daily On-Balance-Volume (OBV) line has been stable since late April. The 12-day price momentum study shows higher lows from May for a bullish divergence when compared to the price action making equal lows.