14-day Premium Trial Subscription Try For FreeTry Free
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis AI Analysis of ABNB
Powered by GPT-4o
Stock Analysis
Risk Assessment
Trading Strategy
PDF

Airbnb stock price fell more than -8.66% Friday closing at $134.61
(Updated on Nov 08, 2024)

Buy or Hold candidate since Oct 25, 2024 Gain 0.02%

The Airbnb stock price fell by -8.66% on the last day (Friday, 8th Nov 2024) from $147.37 to $134.61. During the last trading day the stock fluctuated 3.73% from a day low at $132.76 to a day high of $137.71. The price has risen in 7 of the last 10 days and is up by 0.02% over the past 2 weeks. Volume has increased on the last day by 11 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 19 million shares were bought and sold for approximately $2.56 billion.

The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $134.04 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 23.54% during the next 3 months and, with a 90% probability hold a price between $165.60 and $182.61 at the end of this 3-month period.

ABNB Signals & Forecast

The Airbnb stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $138.40. On a fall, the stock will find some support from the long-term average at approximately $133.55. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, November 07, 2024, and so far it has fallen -8.66%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Airbnb stock

Airbnb finds support from accumulated volume at $131.18 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $4.95 (3.73%) between high and low. For the last week, the stock has had daily average volatility of 3.09%.

Our recommended stop-loss: $127.80 (-5.06%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (ABNB) For The Upcoming Trading Day Of Monday 11th

For the upcoming trading day on Monday, 11th we expect Airbnb, Inc. to open at $135.03, and during the day (based on 14 day Average True Range), to move between $130.36 and $138.86, which gives a possible trading interval of +/-$4.25 (+/-3.16%) up or down from last closing price. If Airbnb, Inc. takes out the full calculated possible swing range there will be an estimated 6.32% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $134.79 (0.13%) than the support at $131.18 (2.55%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Airbnb, Inc. stock A Buy?

Airbnb holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Hold/Accumulate candidate.

Current score: -0.177 Hold/Accumulate Downgraded

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

Predicted Fair Opening Price

Predicted fair opening price on November 11, 2024 - $135.03 ( 0.310%).

Trading levels for ABNB

Fibonacci Support & Resistance Levels

Level Price
R3 139.98 3.99%
R2 138.09 2.58%
R1 136.92 1.71%
Price 134.61
S1 133.14 -1.10%
S2 131.97 -1.96%
S3 130.08 -3.37%

Accumulated Volume Support & Resistance Levels

Level Price
R3 147.37 9.48%
R2 140.91 4.68%
R1 134.79 0.134%
Price 134.61
S1 131.18 -2.55%
S2 128.75 -4.35%
S3 122.12 -9.28%

FAQ

What is the symbol for Airbnb Stock and on which exchange is it traded?
The symbol for Airbnb is ABNB and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Airbnb Stock?
Airbnb holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Hold/Accumulate candidate.

How to buy Airbnb Stock?
Airbnb Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Airbnb Stock.

What's the current price of Airbnb Stock?
As of the end of day on the Nov 08, 2024, the price of an Airbnb (ABNB) share was $134.61.

What is the 52-week high and low for Airbnb Stock?
The 52-week high for Airbnb Stock is $170.10 and the 52-week low is $110.40.

What is the market capitalization of Airbnb Stock?
As of the Nov 08, 2024, the market capitalization of Airbnb is 86.369B.

When is the next earnings date for Airbnb?
The upcoming earnings date for Airbnb is Feb 11, 2025.
Click to get the best stock tips daily for free!
ABOUT AIRBNB, INC.
Airbnb
Airbnb, Inc., together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company's marketplace model connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, or vacation homes. The company was formerly known as AirBed & Breakfast, Inc. and changed its name to Airbnb, Inc. in November 2010. Airbnb,...
GOLDEN STAR
Ticker Change Signal Date
WEC
$95.99
1.68% Nov 06
K
$80.97
0.0618% Nov 06
AGR
$35.59
0.93% Nov 06
AMRX
$8.50
2.71% Nov 06
F
FALN
$26.99
0.704% Nov 06

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE