Booking Holdings Inc. Stock Forecast
Stronger technical forecast for Booking Holdings Inc. stock price after Friday trading.
(Updated on May 03, 2024)
The Booking Holdings Inc. stock price gained 3.01% on the last trading day (Friday, 3rd May 2024), rising from $3,472.91 to $3,577.38. During the last trading day the stock fluctuated 5.08% from a day low at $3,566.91 to a day high of $3,748.21. The price has been going up and down for this period, and there has been a 4.76% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 111 thousand more shares were traded than the day before. In total, 535 thousand shares were bought and sold for approximately $1.91 billion.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -5.09% during the next 3 months and, with a 90% probability hold a price between $3,135.91 and $3,549.97 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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BKNG Signals & Forecast
The Booking Holdings Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $3,493.76 and $3,538.69. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Wednesday, March 27, 2024, and so far it has fallen -2.62%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Booking Holdings Inc. stock
Booking Holdings Inc. finds support from accumulated volume at $3,505.96 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $181.30 between high and low, or 5.08%. For the last week the stock has had daily average volatility of 2.71%.
Our recommended stop-loss: $3,429.49 (-4.13%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 26 days ago.)
Trading Expectations (BKNG) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Booking Holdings Inc. to open at $3,630.83, and during the day (based on 14 day Average True Range), to move between $3,487.39 and $3,667.37, which gives a possible trading interval of +/-$89.99 (+/-2.52%) up or down from last closing price. If Booking Holdings Inc. takes out the full calculated possible swing range there will be an estimated 5.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $3,578.49 (0.03%) than the support at $3,505.96 (2.00%), 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 Booking Holdings Inc. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.348 Buy Candidate Upgraded
Predicted Opening Price for Booking Holdings Inc. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $3,630.83 ( 1.49%) | $3,577.38 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BKNG
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,812.13 | 6.56 % | |
| R2 | 3,742.88 | 4.63 % | ||
| R1 | 3,700.09 | 3.43 % | ||
| Current price: | 3,577.38 | |||
| Support | S1 | 3,561.58 | -0.442 % | |
| S2 | 3,518.79 | -1.64 % | ||
| S3 | 3,449.53 | -3.57 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,901.99 | 9.07 % | |
| R2 | 3,758.18 | 5.05 % | ||
| R1 | 3,578.49 | 0.0310 % | ||
| Current price | 3,577.38 | |||
| Support | S1 | 3,505.96 | -2.00% | |
| S2 | 3,468.83 | -3.03% | ||
| S3 | 3,413.98 | -4.57% |
BKNG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 22, 2024 | Mar 07, 2024 | Mar 28, 2024 | $8.75 | 0.241% |
FAQ
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