Netflix $NFLX Investment Analysis and Advice

November 10, 2023, 11:30 am ET, BY Jeff W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for NFLX

• Buy NFLX slightly over 432.37 target 478.78 stop loss @ 431.12 Details

The technical summary data tells us to buy NFLX near 432.37 with an upside target of 478.78. This data also tells us to set a stop loss @ 431.12 to protect against excessive loss in case the stock begins to move against the trade. 432.37 is the first level of support below 442.462 , and by rule, any test of support is a buy signal. In this case, support 432.37 is being tested, a buy signal would exist.

• Short NFLX slightly under 478.78, target 432.37, stop loss @ 480.16 Details

The technical summary data is suggesting a short of NFLX as it gets near 478.78 with a downside target of 432.37. We should have a stop loss in place at 480.16though. 478.78 is the first level of resistance above 442.462, and by rule, any test of resistance is a short signal. In this case, if resistance 478.78 is being tested, a short signal would exist.

Swing Trading Plans for NFLX

• Buy NFLX slightly over 455.55, target 478.78, Stop Loss @ 454.23 Details

If 455.55 begins to break higher, the technical summary data tells us to buy NFLX just slightly over 455.55, with an upside target of 478.78. The data also tells us to set a stop loss @ 454.23 in case the stock turns against the trade. 455.55 is the first level of resistance above 442.462, and by rule, any break above resistance is a buy signal. In this case, 455.55, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short NFLX slightly near 455.55, target 432.37, Stop Loss @ 456.87. Details

The technical summary data is suggesting a short of NFLX if it tests 455.55 with a downside target of 432.37. We should have a stop loss in place at 456.87 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 455.55, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for NFLX

• Buy NFLX slightly over 451.99, target 455.55, Stop Loss @ 450.94 Details

If 451.99 begins to break higher, the technical summary data tells us to buy NFLX just slightly over 451.99, with an upside target of 455.55. The data also tells us to set a stop loss @ 450.94 in case the stock turns against the trade. 451.99 is the first level of resistance above 442.462, and by rule, any break above resistance is a buy signal. In this case, 451.99, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short NFLX slightly near 451.99, target 438.05, Stop Loss @ 453.04. Details

The technical summary data is suggesting a short of NFLX if it tests 451.99 with a downside target of 438.05. We should have a stop loss in place at 453.04 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 451.99, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Netflix (NFLX) available here: NFLX.

NFLX Ratings for November 10:

Term →	Near	Mid	Long
Rating	Strong	Strong	Strong
P1	0	0	385.82
P2	438.05	427.58	432.37
P3	451.99	455.55	478.78

AI Generated Signals for NFLX

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Prudent Investment Analysis requires observations of the support and resistance levels for Netflix (NASDAQ: NFLX) too.  These define prudent trading plans.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for NFLX change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if NFLX is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for NFLX too.  All of these are offered below the Summary Table.