Objective Long/Short Report (NFLX).

November 30, 2024, 6:30 PM ET, BY Chris – Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer term trading plans for NFLX

• Buy NFLX near 838.03. Target: stop loss at 835.61. Details

The technical summary data tells us to buy NFLX near 838.03, but there is no current upside target in the summary table. In this case, we should wait until either an update to the summary table has been made (which usually happens at the beginning of each trading day) or until the position has been stopped. The data tells us that we should set a stop loss at 835.61 to protect ourselves from excessive losses in case the stock starts moving against the trade. 838.03 is the first level of support below 886.81 and basically any test of support is a buy signal. In this case, if the support 838.03 is tested, a buy signal would be present.

• NO. Details

NO.
There are no current resistance levels from the summary table and therefore there are no short resistance plans telling us to short on resistance tests. The resistance levels have broken to the upside and if the stock does not move back down and below the support levels, short positions look risky.

Swing trading plans for NFLX

• Buy NFLX just above 917.12, target n/a, stop loss at 914.47 Details

If 917.12 starts to break higher, the technical summary data tells us to buy NFLX just above 917.12 with an upside target of $n/a. The data also tells us to set a stop loss at 914.47 in case the stock turns against the trade. 917.12 is the first resistance level above 886.81 and basically any break above resistance is a buy signal. In this case, 917.12, the initial resistance, would break upwards, giving a buy signal. Because this plan is based on a resistance break, it is called a long resistance plan.

• Short NFLX is close at 917.12, target 878.22, stop loss at 919.77. Details

Technical summary data suggests shorting NFLX if it tests 917.12, with a downside target of 878.22. However, we should have a stop loss at 919.77 in case the stock starts moving against the trade. Basically every resistance test is a short signal. In this case, if resistance 917.12 is tested, a short signal would be present. Since this plan is a short plan based on a resistance test, it is called a short resistance plan.

Day Trading Plans for NFLX

• Buy NFLX just above 917.12, target n/a, stop loss at 914.98 Details

If 917.12 starts to break higher, the technical summary data tells us to buy NFLX just above 917.12 with an upside target of $n/a. The data also tells us to set a stop loss at 914.98 in case the stock turns against the trade. 917.12 is the first resistance level above 886.81 and basically any break above resistance is a buy signal. In this case, 917.12, the initial resistance, would break upwards, giving a buy signal. Because this plan is based on a resistance break, it is called a long resistance plan.

• Short NFLX is close at 917.12, target 882.09, stop loss at 919.26. Details

Technical summary data suggests a short on NFLX if it tests 917.12 with a downside target of 882.09. However, we should have a stop loss at 919.26 in case the stock starts moving against the trade. Basically every resistance test is a short signal. In this case, if resistance 917.12 is tested, a short signal would be present. Since this plan is a short plan based on a resistance test, it is called a short resistance plan.

Check the timestamp of this data. Updated AI generated signals for Netflix Inc. (NFLX) available here: NFLX.

NFLX ratings for November 30:

AI generated signals for NFLX

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This report was generated using AI developed by Stock Traders Daily. Over the past 20 years, this proprietary AI has been refined to help identify the most advantageous trading strategies for both individual stocks and the stock markets themselves. This method is also applied to index options, ETFs and futures. The aim of this particular report is to optimize trading Netflix Inc. (NASDAQ: NFLX) incorporating prudent risk controls.

Warning:

This is a static report. The following data was valid at the time of 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.

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Instructions:

The rules that govern the data in this report are the rules of technical analysis. For example, when NFLX tests support, buy signals emerge and resistance is the target. Conversely, if resistance is tested, it is a sign to control risk or sell, and support would accordingly be the downside target. In any case, the trigger point serves as both an ideal place to enter a position (avoid trading in the middle of a trading channel) and a risk control layer.

Swing Trades, Day Trades and Longer Term Trading Plans:

This data is refined to distinguish trading plans for day trading, swing trading and long-term investment plans also for NFLX. All of this is offered below the overview table.