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AI Analysis of ABNB
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Green day on Thursday for Airbnb
(Updated on Feb 29, 2024)

Buy or Hold candidate since Jan 22, 2024 Gain 10.89% PDF
The Airbnb stock price gained 2.63% on the last trading day (Thursday, 29th Feb 2024), rising from $153.43 to $157.47. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 4.43% from a day low at $153.22 to a day high of $160.00. The price has risen in 6 of the last 10 days and is up by 6.26% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 million more shares were traded than the day before. In total, 8 million shares were bought and sold for approximately $1.26 billion.

The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $160.23 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 12.03% during the next 3 months and, with a 90% probability hold a price between $160.69 and $179.50 at the end of this 3-month period.

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ABNB Signals & Forecast

The Airbnb stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $152.77 and $146.73. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical 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, February 15, 2024, and so far it has fallen -0.140%. 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).

Support, Risk & Stop-loss for Airbnb stock

Airbnb finds support from accumulated volume at $149.62 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 $6.78 (4.43%) between high and low. For the last week, the stock has had daily average volatility of 2.54%.

Our recommended stop-loss: $151.31 (-3.91%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 9 days ago.)

Trading Expectations (ABNB) For The Upcoming Trading Day Of Friday 1st

For the upcoming trading day on Friday, 1st we expect Airbnb, Inc. to open at $156.90, and during the day (based on 14 day Average True Range), to move between $152.37 and $162.57, which gives a possible trading interval of +/-$5.10 (+/-3.24%) up or down from last closing price. If Airbnb, Inc. takes out the full calculated possible swing range there will be an estimated 6.47% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $157.69 (0.14%) than the support at $149.62 (4.99%), 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?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Airbnb stock to perform well in the short-term.

Current score: 3.578 Buy Candidate Unchanged

Predicted Opening Price for Airbnb, Inc. of Friday, March 1, 2024

Fair opening price March 1, 2024 Current price
$156.90 ( 0.364%) $157.47

The predicted opening price is based on yesterday's movements between high, low, and closing price.

News Digest

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 163.68 3.94 %
R2 161.09 2.30 %
R1 159.49 1.28 %
Current price: 157.47
Support S1 154.31 -2.01 %
S2 152.71 -3.02 %
S3 150.12 -4.67 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 157.69 0.140 %
Current price 157.47
Support S1 149.62 -4.99%
S2 148.20 -5.89%
S3 135.02 -14.26%

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?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Airbnb stock to perform well in the short-term.

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 2024-02-29, the price of an Airbnb (ABNB) share was $157.47.

What is the 52-week high and low for Airbnb Stock?
The 52-week high for Airbnb Stock is $160.00 and the 52-week low is $103.55.

What is the market capitalization of Airbnb Stock?
As of the 2024-02-29, the market capitalization of Airbnb is 97.868B.

When is the next earnings date for Airbnb?
The upcoming earnings date for Airbnb is May 14, 2024.

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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,... ABNB Profile

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