USA A1 Trading Advice (B) | 04-Dec-2024 | Expected Gain 4%-5%

 BUY   Netflix Incorporation (NASDAQ: NFLX)

Netflix Incorporation (NASDAQ: NFLX) STOCK RECOMMENDATION

Idea BUY
Buy Range 890 – 900
Target 930 – 940
StopLoss* below 875
Duration 14-15 Trading Days
Potential Returns 4% – 5%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 890 – 900 930 – 940 below 875 14-15 Trading Days 4% – 5%

* 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 Incorporation (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 908
52 Weeks Low 445.73

Netflix Incorporation (NASDAQ: NFLX) - RELATIVE STRENGTH

NFLX - RELATIVE STRENGTH

Relative Performance - Last 1 Year

NFLX —     NASDAQ —

Netflix Incorporation (NASDAQ: NFLX) - DAILY TECHNICAL ANALYSIS

NFLX - DAILY TECHNICAL ANALYSIS
Netflix Incorporation (NASDAQ: NFLX) - Technical Analysis (Daily)
  • The stock is currently experiencing an upward trend.
  • It previously established a Rounding Bottom Pattern.
  • Following a breakout, the stock started to climb within an ascending parallel channel.
  • Recently, a breakout from this channel drove the price to reach its all-time high.
  • It is expected that this upward momentum will persist, leading to further price increases.

Netflix Incorporation (NASDAQ: NFLX) - RSI

Netflix Incorporation (NASDAQ: NFLX) - RSI
  • Current RSI of this stock is 73.97, which indicates the strength of buyers.

Netflix Incorporation (NASDAQ: NFLX) - ADX & DI

NFLX - ADX & DI
Netflix Incorporation (NASDAQ: NFLX) - ADX & DI
  • Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.

Netflix Incorporation (NASDAQ: NFLX) - EMA CROSS

NFLX - EMA CROSS
Netflix Incorporation (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 dayโ€™s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.

CONCLUSION - Netflix Incorporation (NASDAQ: NFLX) STOCK PRICE FORECAST

Based on our stock trading advice in USA, Netflix Incorporation stock price target will be USD 930 – USD 940 in the next 14-15 trading sessions.

Netflix Incorporation (NASDAQ: NFLX) TRADINGVIEW POSITION UPDATE

MONEY MANAGEMENT AND TRADING RULES

1)ย  Itโ€™s advisable to enter/exit in the recommended range.
2)ย  Strictly follow the StopLoss as mentioned. Honour it.
3) ย Use trailing StopLoss to retain profits.
4)ย  Diversify trading capital into our other trading recommendations.
5)ย  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 ofย 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 aย Certified Financial Technician (CFTe)ย 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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