Netflix is looking to snap a two-quarter losing streak when it posts earnings today for the three months through September after the close.

Netflix is looking to snap a two-quarter losing streak when it posts earnings today for the three months through September after the close. The streaming giant has predicted a net gain of 1 million subscribers due to a better quarter for new content. The earnings will present how loyal its customer base has been after several price increases. From a techinal overview, its current share price sits at $246.48 with minor resistance at $251.38 followed by major resistance at $254.68 (matching with the upper red trendline). A break above the major resistance level may see the stock gradually begin some of the much-needed recoveries after the obtained losses in April this year. Towards the downside, first support sits at $240.73 followed by further support at $232.45. A break below the $232.45 level could see the stock's share price decline once more losing its recent momentum. Looking at the indicators, MACD is currently positive and RSI reads 65, overall suggesting a bullish stance. Although, RSI is floating underneath 'overbought' territory and a weak earnings report could see the stock's share price plummet, and vice-versa.