TripAdvisor Stock Forecast
TripAdvisor stock downgraded from Hold/Accumulate to Sell Candidate after Tuesday trading session.
(Updated on Apr 30, 2024)
The TripAdvisor stock price fell by -2.48% on the last day (Tuesday, 30th Apr 2024) from $27.00 to $26.33. During the last trading day the stock fluctuated 3.06% from a day low at $26.30 to a day high of $27.10. The price has risen in 6 of the last 10 days and is up by 4.44% over the past 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 -291 thousand shares and in total, 1 million shares were bought and sold for approximately $34.66 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 12.05% during the next 3 months and, with a 90% probability hold a price between $27.51 and $33.51 at the end of this 3-month period.
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TRIP 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 TripAdvisor 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 $26.41 and $26.93. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 22, 2024, and so far it has fallen -7.81%. 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 TripAdvisor stock
TripAdvisor finds support from accumulated volume at $25.46 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.81 between high and low, or 3.06%. For the last week, the stock has had daily average volatility of 3.21%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TRIP) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect TripAdvisor to open at $26.58, and during the day (based on 14 day Average True Range), to move between $25.55 and $27.11, which gives a possible trading interval of +/-$0.776 (+/-2.95%) up or down from last closing price. If TripAdvisor takes out the full calculated possible swing range there will be an estimated 5.89% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $26.75 (1.60%) than the support at $25.46 (3.30%), 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.
Earnings coming up
TripAdvisor will release earnings BMO on Wednesday, May 01, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.0300. We will update the financials statements for TripAdvisor, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.48% in the first trading day after earnings release.
Is TripAdvisor stock A Buy?
The TripAdvisor stock holds several negative signals and despite the positive trend, we believe TripAdvisor will perform weakly in the next couple of days or weeks. Therefore, we 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 Sell candidate.
Current score: -2.535 Sell Candidate Downgraded
Predicted Opening Price for TripAdvisor of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| $26.58 ( 0.93%) | $26.33 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TRIP
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27.38 | 3.99 % | |
| R2 | 27.07 | 2.82 % | ||
| R1 | 26.88 | 2.10 % | ||
| Current price: | 26.33 | |||
| Support | S1 | 26.27 | -0.237 % | |
| S2 | 26.08 | -0.96 % | ||
| S3 | 25.77 | -2.13 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27.66 | 5.05 % | |
| R2 | 26.77 | 1.67 % | ||
| R1 | 26.75 | 1.60 % | ||
| Current price | 26.33 | |||
| Support | S1 | 25.46 | -3.30% | |
| S2 | 25.32 | -3.84% | ||
| S3 | 21.71 | -17.55% |
TRIP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 08, 2019 | Nov 19, 2019 | Dec 04, 2019 | $3.50 | 12.26% |
FAQ
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