NASDAQ trade advice (B): US consumer discretionary stock | 4-5% gain | USA stock trading idea on 4 Dec 2024

Date
December 4, 2024
Analysed By
Naranj Capital Research Desk
Stock Market
NASDAQ, United States of America

Swing Trading Signals in US Stocks

  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Netflix Incorporation
  • 890 – 900
  • 930 – 940
  • Below 875
  • 4% – 5%
  • 14 - 15 Days
  • Buy
    Netflix Incorporation
  • Buy
    Range
    890 – 900
  • Target
    930 – 940
  • Stoploss
    Below 875
  • Upside
    Potential
    4% – 5%
  • Trade
    Duration
    14 - 15 Days
  • * Once the first target hit, reset the StopLoss at your buying price.

    Netflix Incorporation (NASDAQ: NFLX) - Stock Overview

  • NASDAQ code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • NFLX
  • Netflix Incorporation
  • Consumer Discretionary
  • 908
  • 445.73
  • NASDAQ code NFLX
  • Stock Name Netflix Incorporation
  • Sector Consumer Discretionary
  • 52 Weeks High 908
  • 52 Weeks Low 445.73
  • Netflix Incorporation (NASDAQ: NFLX) vs NASDAQ - Relative Strength Comparison

    The image compares Netflix Incorporation's 1-year performance to NASDAQ.
    Relative Performance - Last 1 Year
    NFLX —   NASDAQ —

  • Netflix Incorporation (NASDAQ: NFLX) - Technical Analysis (Daily)

    Netflix Incorporation - Technical Analysis chart on Daily Price and Volume
    Netflix Incorporation - Technical Analysis chart on Daily Price and Volume

    • 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 Indicator

    Netflix Incorporation stock analysis based on RSI indicator
    Netflix Incorporation - RSI indicator

    • Current RSI of this stock is 73.97, which indicates the strength of buyers.

  • Netflix Incorporation (NASDAQ: NFLX) - ADX & DI Indicator

    Netflix Incorporation stock analysis based on ADX & DI indicator
    Netflix Incorporation - ADX & DI indicator

    • 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 Crossover

    Netflix Incorporation stock analysis based on EMA Crossover
    Netflix Incorporation - EMA Crossover

    • 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 Incorporation (NASDAQ: NFLX) Stock Price Forecast

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

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    Target hit. Trade closed.

    4 Dec 2024
    8 Dec 2024
    8 Dec 2024
    6 days
    Loss per
    100,000 SAR
    Stop-loss
    875
    Buy Advice
    4 Dec 2024
    890 – 900
    Target 1
    8 Dec 2024
    930
    Target 2
    8 Dec 2024
    940
    Profit per
    100,000 SAR
    6 days
    4,677
    875
    890 – 900
    930
    940
    4,677
    4 Dec 2024
    8 Dec 2024
    8 Dec 2024
    6 days
    Loss per
    100,000 SAR
    Stop-loss
    875
    Buy Advice
    4 Dec 2024
    890 – 900
    Target 1
    8 Dec 2024
    930
    Target 2
    8 Dec 2024
    940
    Profit per
    100,000 SAR
    6 days
    4,677
    875
    890 – 900
    930
    940
    4,677
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Netflix Incorporation
  • 890 – 900
  • 930 – 940
  • Below 875
  • 4% – 5%
  • 14 - 15 Days
  • Buy Netflix Incorporation
  • Buy
    Range
    890 – 900
  • Target 930 – 940
  • Stoploss Below 875
  • Upside
    Potential
    4% – 5%
  • Trade
    Duration
    14 - 15 Days
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Netflix Incorporation
  • 890 – 900
  • 930 – 940
  • Below 875
  • 4% – 5%
  • 14 - 15 Days
  • Buy
    Netflix Incorporation
  • Buy
    Range
    890 – 900
  • Target
    930 – 940
  • Stoploss
    Below 875
  • Upside
    Potential
    4% – 5%
  • Trade
    Duration
    14 - 15 Days
  • * Once the first target hit, reset the StopLoss at your buying price.
    * Trade durations are approximate; actual holding period may vary.

    Netflix Incorporation (NASDAQ: NFLX) - Stock Overview

  • NASDAQ code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • NFLX
  • Netflix Incorporation
  • Consumer Discretionary
  • 908
  • 445.73
  • NASDAQ code NFLX
  • Stock Name Netflix Incorporation
  • Sector Consumer Discretionary
  • 52 Weeks High 908
  • 52 Weeks Low 445.73
  • Company profile

    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.

  • Netflix Incorporation (NASDAQ: NFLX) vs NASDAQ - Relative Strength Comparison

    The image compares Netflix Incorporation's 1-year performance to NASDAQ.
    Relative Performance - Last 1 Year
    NFLX —   NASDAQ —

  • Netflix Incorporation (NASDAQ: NFLX) - Technical Analysis (Daily)

    Netflix Incorporation - Technical Analysis chart on Daily Price and Volume
    Netflix Incorporation - Technical Analysis chart on Daily Price and Volume

    • 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 Indicator

    Netflix Incorporation stock analysis based on RSI indicator
    Netflix Incorporation - RSI indicator

    • Current RSI of this stock is 73.97, which indicates the strength of buyers.

  • Netflix Incorporation (NASDAQ: NFLX) - ADX & DI Indicator

    Netflix Incorporation stock analysis based on ADX & DI indicator
    Netflix Incorporation - ADX & DI indicator

    • 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 Crossover

    Netflix Incorporation stock analysis based on EMA Crossover
    Netflix Incorporation - EMA Crossover

    • 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 Incorporation (NASDAQ: NFLX) Stock Price Forecast

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

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    Details of Arijit Banerjee

    Arijit Banerjee CMT CFTe is a seasoned expert in the financial industry, boasting decades of experience in trading, investment, and wealth management. As the founder and chief strategist of Naranj Capital, he’s built a reputation for providing insightful research analysis to guide investment decisions.

    Arijit’s credentials are impressive, holding both the Chartered Market Technician (CMT) and Certified Financial Technician (CFTe) designations. These certifications demonstrate his expertise in technical analysis and financial markets.

    Through Naranj Capital, Arijit shares his market insights and research analysis, offering actionable advice for investors. His work is featured on platforms like TradingView, where he publishes detailed analysis and recommendations.

    If you’re interested in learning more about Arijit’s work or Naranj Capital’s services, you can reach out to them directly through their website