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

Stock Market
NASDAQ, United States of America

Target hit. Trade closed.

NASDAQ NFLX

21 May 2024
14 Jun 2024
18 Jun 2024
18 days
Loss per
100,000 USD
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 USD
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
  • * 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 Forcast

    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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