Expedia Stock Forecast
Weaker technical forecast for Expedia as stock downgraded to Strong Sell Candidate.
(Updated on May 07, 2024)
The Expedia stock price fell by -2.68% on the last day (Tuesday, 7th May 2024) from $116.02 to $112.91. During the last trading day the stock fluctuated 3.89% from a day low at $112.25 to a day high of $116.62. The price has been going up and down for this period, and there has been a -16.38% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -148 thousand shares and in total, 4 million shares were bought and sold for approximately $490.00 million.
The stock has broken the wide and falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point ($120.68) are considered to be a "second chance" to get out. According to the fan-theory $105.73 will represent the new bottom line of the next trend, but it is far too early to say this for certain.
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EXPE Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Expedia stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $126.40 and $131.97. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -17.38%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Expedia stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $4.37 between high and low, or 3.89%. For the last week, the stock has had daily average volatility of 3.82%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EXPE) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Expedia to open at $113.93, and during the day (based on 14 day Average True Range), to move between $108.61 and $117.21, which gives a possible trading interval of +/-$4.30 (+/-3.80%) up or down from last closing price. If Expedia takes out the full calculated possible swing range there will be an estimated 7.61% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $115.33, some $2.42 (2.14%) from the current price of $112.91, our system finds the risk reward not very attractive.
Is Expedia stock A Buy?
Expedia holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Sell candidate.
Current score: -5.113 Strong Sell Candidate Downgraded
Predicted Opening Price for Expedia of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| $113.93 ( 0.90%) | $112.91 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EXPE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 118.30 | 4.77 % | |
| R2 | 116.63 | 3.29 % | ||
| R1 | 115.60 | 2.38 % | ||
| Current price: | 112.91 | |||
| Support | S1 | 112.26 | -0.578 % | |
| S2 | 111.23 | -1.49 % | ||
| S3 | 109.56 | -2.97 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 133.60 | 18.32 % | |
| R2 | 131.11 | 16.12 % | ||
| R1 | 115.33 | 2.14 % | ||
| Current price | 112.91 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
EXPE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 18, 2020 | Mar 09, 2020 | Mar 26, 2020 | $0.340 | 0.528% |
| 2 | Nov 06, 2019 | Nov 18, 2019 | Dec 12, 2019 | $0.340 | 0.300% |
| 3 | Jul 24, 2019 | Aug 21, 2019 | Sep 12, 2019 | $0.340 | 0.258% |
| 4 | May 03, 2019 | May 22, 2019 | Jun 13, 2019 | $0.320 | 0.255% |
| 5 | Feb 06, 2019 | Mar 06, 2019 | Mar 27, 2019 | $0.320 | 0.267% |
FAQ
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