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USA A1 Trading Advice (A) | 13-Nov-2024 | Expected Gain 5%-7%

SHORT TERM TRADING ADVICE IN USA

 BUY   Block Incorporation (NYSE: SQ)

Block Incorporation (NYSE: SQ) STOCK RECOMMENDATION

Idea BUY
Buy Range 82 – 86
Target 90 – 92
StopLoss* below 79
Duration 14-15 Trading Days
Potential Returns 5% – 7%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 82 – 86 90 – 92 below 79 14-15 Trading Days 5% – 7%

* 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.

 Tradingview position update

Block Incorporation (NYSE: SQ) STOCK OVERVIEW

Block, Inc. and its subsidiaries create commerce and financial ecosystems in the U.S. and globally. It operates in two segments: Square and Cash App. The Square segment provides commerce solutions for various sectors, including restaurants and retail, along with payment services, software, hardware, banking, and support. It also offers loyalty, marketing, and payroll services. The Cash App segment delivers financial tools like peer-to-peer payments, bitcoin trading, and investment services, along with a debit card and payment solutions. Additionally, it includes TIDAL for music, TBD for decentralized finance, Bitkey for bitcoin storage, and Spiral for open-source bitcoin projects. The company, originally Square, Inc., rebranded to Block, Inc. in December 2021 and was founded in 2009 in Oakland, California.

Stock Data
NYSE Symbol SQ
Sectoral Index Software
52 Weeks High 87.52
52 Weeks Low 50.86

Block Incorporation (NYSE: SQ) - RELATIVE STRENGTH

SQ - RELATIVE STRENGTH

Relative Performance - Last 1 Year

Block Incorporation —     NYSE —

Block Incorporation (NYSE: SQ) - DAILY TECHNICAL ANALYSIS

SQ - DAILY TECHNICAL ANALYSIS
Block Incorporation (NYSE: SQ) - Technical Analysis (Daily)
  • After a notable drop, the price has stabilized and entered an extended consolidation phase, leading to the development of an Inverted Head & Shoulders pattern.
  • With a recent strong breakout, the price is set for a significant upward surge.

Block Incorporation (NYSE: SQ) - RSI

Block Incorporation (NYSE: SQ) - RSI
  • Current RSI of this stock is 76.90, which indicates the strength of buyers.

Block Incorporation (NYSE: SQ) - MACD

SQ - MACD
Block Incorporation (NYSE: SQ) - MACD
  • MACD line has just crossed the signal line from the below, generates bullish signal.

Block Incorporation (NYSE: SQ) - EMA Cross

SQ - EMA CROSS
Block Incorporation (NYSE: SQ) - 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 - Block Incorporation (NYSE: SQ) STOCK PRICE FORECAST

Based on our stock trading advice in USA, Block Incorporation stock price target will be USD 90 – USD 92 in the next 14-15 trading sessions.

Block Incorporation (NYSE: SQ) TRADINGVIEW POSITION UPDATE

Buy Block Incorporation by NaranjCapital on TradingView.com

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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