NASDAQ trade advice (B): US consumer discretionary stock | 5-6% gain | USA stock trading idea on 21 May 2024

Date
May 21, 2024
Analysed By
Naranj Capital Research Desk
Stock Market
NASDAQ, United States of America

Stock Trading Advice in USA

  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Netflix
  • 630 – 640
  • 670 – 680
  • Below 605
  • 5% – 6%
  • 15 - 16 Days
  • Buy
    Netflix
  • Buy
    Range
    630 – 640
  • Target
    670 – 680
  • Stoploss
    Below 605
  • Upside
    Potential
    5% – 6%
  • Trade
    Duration
    15 - 16 Days
  • * Once the first target hit, reset the StopLoss at your buying price.

    Netflix (NASDAQ: NFLX) - Stock Overview

  • NASDAQ Code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • NFLX
  • Netflix
  • Consumer Discretionary
  • 644.37
  • 344.73
  • NASDAQ Code NFLX
  • Stock Name Netflix
  • Sector Consumer Discretionary
  • 52 Weeks High 644.37
  • 52 Weeks Low 344.73
  • Netflix (NASDAQ: NFLX) vs NASDAQ - Relative Strength Comparison

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

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

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

    • Overall the price is in an uptrend.
    • At near 480 level, price took a rejection and gave a sharp downfall.
    • Finally the price found its support at near 345 level and started moving upside from there.
    • Recently with a fresh breakout, the price is trading at its 52 week high level.
    • The overall sentiments will remain bullish until the price is trading above the 600 level.
  • Netflix (NASDAQ: NFLX) - RSI Indicator

    Netflix stock analysis based on RSI Indicator
    Netflix - RSI Indicator

    • Current RSI of this stock is 67.34, which indicates the strength of buyers.

  • Netflix (NASDAQ: NFLX) - MACD Indicator

    Netflix stock analysis based on MACD Indicator
    Netflix - MACD Indicator

    • MACD line has just crossed the signal line from the below, generates bullish signal.

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

    Netflix stock analysis based on ADX & DI Indicator
    Netflix - 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.

  • Conclusion - Netflix (NASDAQ: NFLX) Stock Price Forecast

    Based on our USA swing trading strategies, Netflix stock price target will be USD 670 - USD 680 in the next 15-16 trading sessions.

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    Target hit. Trade closed.

    NASDAQ NFLX

    21 May 2024
    14 Jun 2024
    18 Jun 2024
    18 days
    Loss per
    100,000 SAR
    Stop-loss
    605
    Buy Advice
    21 May 2024
    630 – 640
    Target 1
    14 Jun 2024
    670
    Target 2
    18 Jun 2024
    680
    Profit per
    100,000 SAR
    18 days
    7,937
    605
    630 – 640
    670
    680
    7,937
    21 May 2024
    14 Jun 2024
    18 Jun 2024
    18 days
    Loss per
    100,000 SAR
    Stop-loss
    605
    Buy Advice
    21 May 2024
    630 – 640
    Target 1
    14 Jun 2024
    670
    Target 2
    18 Jun 2024
    680
    Profit per
    100,000 SAR
    18 days
    7,937
    605
    630 – 640
    670
    680
    7,937
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Netflix
  • 630 – 640
  • 670 – 680
  • Below 605
  • 5% – 6%
  • 15 - 16 Days
  • Buy Netflix
  • Buy
    Range
    630 – 640
  • Target 670 – 680
  • Stoploss Below 605
  • Upside
    Potential
    5% – 6%
  • Trade
    Duration
    15 - 16 Days
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Netflix
  • 630 – 640
  • 670 – 680
  • Below 605
  • 5% – 6%
  • 15 - 16 Days
  • Buy
    Netflix
  • Buy
    Range
    630 – 640
  • Target
    670 – 680
  • Stoploss
    Below 605
  • Upside
    Potential
    5% – 6%
  • Trade
    Duration
    15 - 16 Days
  • * Once the first target hit, reset the StopLoss at your buying price.
    * Trade durations are approximate; actual holding period may vary.

    Netflix (NASDAQ: NFLX) - Stock Overview

  • NASDAQ Code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • NFLX
  • Netflix
  • Consumer Discretionary
  • 644.37
  • 344.73
  • NASDAQ Code NFLX
  • Stock Name Netflix
  • Sector Consumer Discretionary
  • 52 Weeks High 644.37
  • 52 Weeks Low 344.73
  • 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 (NASDAQ: NFLX) vs NASDAQ - Relative Strength Comparison

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

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

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

    • Overall the price is in an uptrend.
    • At near 480 level, price took a rejection and gave a sharp downfall.
    • Finally the price found its support at near 345 level and started moving upside from there.
    • Recently with a fresh breakout, the price is trading at its 52 week high level.
    • The overall sentiments will remain bullish until the price is trading above the 600 level.
  • Netflix (NASDAQ: NFLX) - RSI Indicator

    Netflix stock analysis based on RSI Indicator
    Netflix - RSI Indicator

    • Current RSI of this stock is 67.34, which indicates the strength of buyers.

  • Netflix (NASDAQ: NFLX) - MACD Indicator

    Netflix stock analysis based on MACD Indicator
    Netflix - MACD Indicator

    • MACD line has just crossed the signal line from the below, generates bullish signal.

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

    Netflix stock analysis based on ADX & DI Indicator
    Netflix - 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.

  • Conclusion - Netflix (NASDAQ: NFLX) Stock Price Forecast

    Based on our USA swing trading strategies, Netflix stock price target will be USD 670 - USD 680 in the next 15-16 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