Booking Holdings Inc. Stock Forecast
Evaluation of Booking Holdings Inc. stock downgraded after the last trading session.
(Updated on Mar 28, 2024)
The Booking Holdings Inc. stock price fell by -1.24% on the last day (Thursday, 28th Mar 2024) from $3,673.50 to $3,627.88. During the last trading day the stock fluctuated 2.06% from a day low at $3,619.93 to a day high of $3,694.64. The price has risen in 7 of the last 10 days and is up by 3.31% over the past 2 weeks. Volume has increased on the last day by 64 thousand 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, 273 thousand shares were bought and sold for approximately $989.48 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Booking Holdings Inc. stock with a 90% probability to be traded between $3,480.85 and $3,994.29 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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BKNG Signals & Forecast
The Booking Holdings Inc. 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 $3,634.35. On a fall, the stock will find some support from the long-term average at approximately $3,592.65. 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. 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. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -1.24%. Further fall is indicated until a new bottom pivot has been found. 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 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.
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 $74.71 (2.06%) between high and low. For the last week, the stock has had daily average volatility of 1.53%.
Our recommended stop-loss: $3,512.81 (-3.17%) (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 (BKNG) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Booking Holdings Inc. to open at $3,647.48, and during the day (based on 14 day Average True Range), to move between $3,556.44 and $3,699.32, which gives a possible trading interval of +/-$71.44 (+/-1.97%) up or down from last closing price. If Booking Holdings Inc. takes out the full calculated possible swing range there will be an estimated 3.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3,505.96 (3.36%) than the resistance at $3,758.18 (3.59%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Booking Holdings Inc. stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Booking Holdings Inc. stock to perform well in the short-term period. 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 Buy candidate.
Current score: 2.173 Buy Candidate Downgraded
Predicted Opening Price for Booking Holdings Inc. of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$3,647.48 ( 0.540%) | $3,627.88 |
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 | 3,722.19 | 2.60 % | |
R2 | 3,693.65 | 1.81 % | ||
R1 | 3,676.02 | 1.33 % | ||
Current price: | 3,627.88 | |||
Support | S1 | 3,618.94 | -0.246 % | |
S2 | 3,601.31 | -0.732 % | ||
S3 | 3,572.77 | -1.52 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 3,901.99 | 7.56 % | |
R2 | 3,840.22 | 5.85 % | ||
R1 | 3,758.18 | 3.59 % | ||
Current price | 3,627.88 | |||
Support | S1 | 3,505.96 | -3.36% | |
S2 | 3,468.83 | -4.38% | ||
S3 | 3,413.98 | -5.90% |
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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