Buy Netflix | NASDAQ NFLX | Naranj Capital

 BUY   Netflix (NASDAQ: NFLX)

Netflix (NASDAQ: NFLX) STOCK RECOMMENDATION

Idea BUY
Buy Range 710 – 720
Target 745 – 750
StopLoss* below 690
Duration 10-12 Trading Days
Potential Returns 3% – 4%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 710 – 720 745 – 750 below 690 10-12 Trading Days 3% – 4%

* Once the first target hit, reset the StopLoss at your buying price.

Our recommendations are authentic and transparent. Find this recommendation posted in Tradingview. Be assured such records are permanent and irreversible.

Netflix (NASDAQ: NFLX) STOCK OVERVIEW

Netflix, Inc. provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices. It has operations in approximately 190 countries. The company was incorporated in 1997 and is headquartered in Los Gatos, California.

Stock Data
NASDAQ Symbol NFLX
Sectoral Index Consumer Discretionary
52 Weeks High 715.66
52 Weeks Low 344.73

Netflix (NASDAQ: NFLX) - RELATIVE STRENGTH

Relative Performance - Last 1 Year

Netflix —     NASDAQ —

Netflix (NASDAQ: NFLX) - DAILY TECHNICAL ANALYSIS

Netflix (NASDAQ: NFLX) - Technical Analysis (Daily)
  • The stock is clearly on an upward trajectory.
  • It previously established a Cup & Handle pattern, and following the breakout, the price has been steadily ascending within a parallel channel.
  • At present, the stock is trading at its peak, and a breakout from the parallel channel is expected, which could drive the price even higher.

Netflix (NASDAQ: NFLX) - RSI

NFLX-RSI
Netflix (NASDAQ: NFLX) - RSI
  • Current RSI of this stock is 65.36, which indicates the strength of buyers.

Netflix (NASDAQ: NFLX) - MACD

NFLX-MACD
Netflix (NASDAQ: NFLX) - MACD
  • MACD line has just crossed the signal line from the below and a positive histogram chart is forming. This can be considered as a bullish signal.

Netflix (NASDAQ: NFLX) - EMA Cross

NFLX-EMA CROSS
Netflix (NASDAQ: NFLX) - EMA Cross
  • The short length exponential moving average (10 EMA) has crossed the long length exponential moving average (20 EMA) from the below, generates bullish signal. Last day’s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.

CONCLUSION - Netflix (NASDAQ: NFLX) STOCK PRICE FORECAST

Based on our stock trading advice in USA, Netflix stock price target will be USD 745 – USD 750 in the next 10-12 trading sessions.

Netflix (NASDAQ: NFLX) TRADINGVIEW POSITION UPDATE

MONEY MANAGEMENT AND TRADING RULES

1)  It’s advisable to enter/exit in the recommended range.
2)  Strictly follow the StopLoss as mentioned. Honour it.
3)  Use trailing StopLoss to retain profits.
4)  Diversify trading capital into our other trading recommendations.
5)  Risk only the money what you can afford to lose. Hedge accordingly.

Advisor / ANALYST SUMMARY

The stock trading advice is prepared by the Naranj Capital team under the guidance of Arijit Banerjee, CMT, CFTe. Arijit is a veteran trader and an active investor having in-depth knowledge of financial market research, advanced technical analysis, market cycle, algorithmic trading, and portfolio management. He is a Chartered Market Technician (CMT) accredited by CMT Association USA, the global authority of Technical Analysis and also has been honored as a Certified Financial Technician (CFTe) by the International Federation of Technical Analysts, USA.

Disclosure

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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