BNKG bullish for the target 3900"Booking Holdings is currently in a strong bullish move, with a target of $3900."
PCE1 trade ideas
Potential Breakout in Booking Booking has pulled back for three months, but now the online travel agency may be starting to move.
The first pattern on today’s chart is the bullish gap on May 3 after earnings and revenue beat estimates. BKNG cleared a weekly high from April 24 and subsequently held it. Prices also broke above the falling trendline along the peaks of February, March and April.
In both cases, old resistance may have become new support.
Next, the stock bounced at $3,400 in March, April and again this month. That may suggest that it’s developed support above previous highs.
Third, several moving averages are slightly below the Wednesday’s candle. That may suggest that short- and long-term trends remain bullish.
Finally, MACD recently turned positive.
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Booking Holdings Stock Spikes As Travel Demand Powers Strong Q1Booking Holdings ( NASDAQ:BKNG ) has reported a remarkable surge in earnings for the first quarter, defying earlier concerns about the travel industry's recovery. The company's stellar performance not only exceeded analyst expectations but also underscored a robust demand for travel services despite ongoing global challenges.
Unveiling Impressive Figures:
Booking Holdings ( NASDAQ:BKNG ) reported a staggering 76% increase in earnings for the first quarter, comfortably surpassing analyst projections. With adjusted earnings reaching $20.39 per share on sales totaling $4.4 billion, the company outpaced expectations, leaving market analysts in awe. This remarkable performance is a testament to Booking Holdings' adaptability and strategic resilience in navigating turbulent times.
Driving Forces Behind the Surge:
The surge in earnings can be attributed to several key factors. Firstly, Booking Holdings ( NASDAQ:BKNG ) experienced a notable uptick in gross travel bookings, which soared by 10% to an impressive $43.5 billion. This surge outpaced market expectations, indicating a strong resurgence in consumer confidence and travel demand. Additionally, the increase in room nights booked, up by 9% year-over-year to 297 million, further solidifies Booking Holdings' position as a dominant force in the online travel sector.
Booking.com: Spearheading Growth:
Booking Holdings' diverse portfolio of online travel brands, including Booking.com, Priceline, Agoda, Kayak, and OpenTable, has played a pivotal role in driving its remarkable performance. Particularly noteworthy is the momentum witnessed by Booking.com, which has seen a surge in "higher frequency" users and an increasing direct mix. Chief Executive Glenn Fogel highlighted the growing trend of travelers moving into the upper Genius loyalty tiers, signaling a strengthening customer base and enhanced brand loyalty.
Market Response and Technical Ratings:
In response to Booking Holdings' stellar performance, the stock witnessed a notable uptick, with shares rising more than 1% in after-hours trading. While the stock has experienced fluctuations throughout the year, with a modest decline of 2%, it has significantly outperformed the broader market, boasting a robust 29.4% increase over the past 12 months. These technical ratings underscore investor confidence in Booking Holdings' long-term growth prospects and ability to capitalize on evolving market dynamics.
Technical Outlook
Bookings Holdings stock ( NASDAQ:BKNG ) is up 7% in Friday's market trading at the 0.37 Fibonacci Retracement Level. The stock has a Relative Strength Index (RSI) of 64 making it fit for further surge in price.
BKNG may reverse SHORTBKNG is an expensive stock; it id not get that way being a slouch. Summer travel is sixty days
away. The 2H chart shows the highs of February followed by a paradoxical fall with good
earnings. Traders wanted better. Price fell past the Fibonacci support zone and into
the lower VWAP band lines.
Fundamentally German regulators are suing BKNG for some issues with deceptive advertising
and promotions with partners. In the past week price again rose this time to stall in that same
Fibonacci zone. The predictive algorithm of Lux Algo forecasts a rejection here with the price
moving down. I will short a single share of BKNG here. The stop loss will be set at 3675
while targeting 3440 above a support zone. I am expecting of $175 in realized profits in 5-10
days.
Booking Holdings Faces Headwinds Amidst Travel Uncertainties
In the wake of Booking Holdings Inc.'s ( NASDAQ:BKNG ) disappointing forecast for travel reservations and gross bookings, investors are grappling with uncertainties surrounding the company's future trajectory. The recent plunge in Booking's shares, the most significant in 20 months, reflects the market's concerns about the impact of geopolitical tensions, currency fluctuations, and lingering effects of the pandemic on the travel industry.
Booking Holdings ( NASDAQ:BKNG ), a global leader in online travel and related services, operates under six major brands, including Agoda, Priceline.com, and Kayak. Its substantial presence in Europe and the Middle East positions it as a vital barometer for global travel trends. However, the company's outlook for the first quarter fell short of expectations, citing factors such as the conflict in Israel and adverse currency exchange rates.
The company's projection of a 4% to 6% growth in room nights booked for the first quarter, and a full-year gross bookings increase slightly faster than 7%, disappointed analysts, who had anticipated a 9.9% growth rate. This subdued outlook rattled investors, leading to an 8.7% drop in Booking's shares, making it the second-worst performing stock in the S&P 500 Index on that day.
Chief Executive Officer Glenn Fogel acknowledged the impact of the conflict in Israel on Booking's ( NASDAQ:BKNG ) performance, stating that fourth-quarter room nights booked gained 11% excluding business associated with the war. Additionally, Chief Financial Officer David Goulden highlighted the expected negative effects of exchange rate fluctuations and geopolitical tensions on the company's growth prospects.
Despite reporting a revenue growth of 18% in the fourth quarter, surpassing analyst projections, Booking ( NASDAQ:BKNG ) faces challenges in sustaining its momentum amidst evolving market conditions. The company's initiation of a quarterly dividend signals its commitment to shareholders amidst turbulent times.
Booking's ( NASDAQ:BKNG ) struggles echo those of its competitors in the travel industry. Rival Expedia Group Inc. recently provided a downbeat forecast, citing lower airline prices and uncertainties following a robust travel season in early 2023. Similarly, home rental company Airbnb Inc. noted the normalization of demand as the world emerges from the pandemic.
However, amidst these challenges, Fogel remains optimistic about Booking's resilience and growth prospects. He emphasized the company's ambition to outpace pre-pandemic performance, driven by resurging demand for leisure travel as the summer season approaches. Fogel's confidence in a strong rebound in travel, supported by early indications of robust bookings for 2024, provides a glimmer of hope for investors.
As Booking Holdings ( NASDAQ:BKNG ) navigates through turbulent waters, it faces the daunting task of balancing short-term challenges with long-term growth strategies. The company's ability to adapt to changing market dynamics, mitigate geopolitical risks, and capitalize on emerging travel trends will ultimately determine its success in the post-pandemic era. Despite the current setbacks, Booking Holdings ( NASDAQ:BKNG ) remains a key player in shaping the future of global travel.
BKNGBooking Holdings is the world’s leading provider of online travel and related services, provided to consumers and local partners in more than 220 countries and territories through six primary consumer-facing brands: Booking.com, Priceline, Agoda, Rentalcars.com, KAYAK and OpenTable, as well as through a network of subsidiary brands including Rocketmiles, Fareharbor, HotelsCombined, Cheapflights and Momondo, bringing greater value to both our customers and partners around the world.
The share is currently in a consolidation phase however, there is the potential for the share to develop a pre-earnings advance and break out of the range to the upside.
BKNG: Targets 3800/3900 zone with support at 3400BKNG stock shares exhibit signs of strength with a bullish bias, suggesting the potential to move towards the 3800/3900 price zone. Key support levels lie between 3300 and 3400
Rally Base $BKNGHere we can see BKNG on a years long rally since Oct of 2022. We have multiple rally base areas where BKNG has broke out and continued it's run. While we may be topping here, I do like this area of consolidation for one last push to 3600. Watching recent highs for a break above the orange line for confirmation. CCI Is still strong with no sign of winding down.
BKNG Booking Holdings Options Ahead of EarningsAnalyzing the options chain and the chart patterns of BKNG Booking Holdings prior to the earnings report this week,
I would consider purchasing the 2915usd strike price Calls with
an expiration date of 2023-11-10,
for a premium of approximately $20.95.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
BOOKING Who said travel season was over? 1D MA200 buy signal!Booking Holdings (BKNG) almost touched the 1D MA200 (orange trend-line) for the first time since December 30 2022, and reacted with a strong 1D rebound yesterday. That was also at the bottom of the 14-month Channel Up pattern. With the 1D RSI breaking below the 30.00 oversold barrier on Friday, this is technically the best buy opportunity since the Channel's first Low on October 13 2022.
In fact the two fractals are identical with the 2022 one breaking above the dashed Lower Highs trend-line and hitting the 0.786 Fibonacci retracement level. As a result, we issue a buy signal on BKNG, targeting 3140 (Fib 0.786) before the year is over.
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BKNG ↘️Hello Everyone 🙋🏽♂️
🔴 2998.99
🟢 2622.66
🟢 2456.57
We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone,
manage your lot size as well and your SL and TP and my opinion is 0.01 lot for each 500 $.
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Follow us for more 🙋🏻♂️
Best Regard / EMA Trading .
Disclaimer:
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It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market .
Booking Holdings: Southern Vacation? 🌴The price of Booking Holding has been heading south in recent days. It has now come very close to support at $2934. As long as this level is not breached, we believe that the price should continue to rise above the resistance at $3251 with the turquoise wave 5. However, if the support is breached, which we see as 33% probable, the price would still make a lower low of the grey wave alt.(II).
Booking (BKNG) -> Pay Very Close AttentionMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️
I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise.
This is how you build real long term wealth!
In today's anaylsis I want to take a look at the bigger picture on Booking Holdings.
Almost 10 years ago Booking Holdings stock entered a quite decent rising channel and is currently retesting the upper resistance from which I do expect a minor bearish rejection.
I would then look for longs at the $2400 structure zone or the $1900 rising channel support since the overall trend is still quite bullish and I do expect a bullish reversal there.
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I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy.
Keep the long term vision🫡
Booking will go downAs the holiday season over, airfares rising worldwide, cost of living high, uncertainty everywhere and according to the chart is on the verge.
BKNG - trade setupBKNG is known for making some huge candles. I like this set up as the chart seems weak for a nice pull back to some support. I like the 10 EMA on the weekly as that support.
Bearish Alert : BKNGHourly Chart
Bearish Alert on top of this 30% impulse wave.
EMAS are having their test right now.
Price Action started to be negative with the action of today
BKNG - Rising Trend Channel [MID -TERM]🔹Breakout the ceiling of rising trend channel in the medium long term.
🔹Supports 2770 in negative reaction.
🔹Technically POSTIIVE for medium-term long-term.
Chart Pattern;
🔹DT - Double Top | BEARISH | 🔴
🔹DB - Double Bottom | BULLISH | 🟢
🔹HNS - Head & Shoulder | BEARISH | 🔴
🔹REC - Rectangle | 🔵
🔹iHNS - inverse head & Shoulder | BULLISH | 🟢
Verify it first and believe later.
WavePoint ❤️
Symmetrical TriangleNeutral until broken.
Top line slopes don and is resistance.
Bottom line slopes up and is support until broken.
Price is at support today.
W pattern noted that is easier to see on weekly.
Ws are known to reverse at the end of the 4th leg up.
Valley 2 is lower than valley 1.
I left the fourth leg up dashed as I am not sure it is complete.
Possible Shark/ATH 2786.85
No recommendation.
$BKNG with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NASDAQ:BKNG after a positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 70%.
BKNG: Hidden Accumulation CuesThe big season for vacations starts this week as schools close, graduations begin, weddings increase, and families plan big vacations this year.
BKNG has had HFTs attempting to sell it down several times but it holds within a sideways trend still. This implies hidden accumulation.
If it breaks to the upside, then this sideways trend becomes support.
BKNG must do as all other high-priced stocks have done: do a big split to lower the share price to $100 - 300. When the Board does so, the stock has more potential for runs up rather than down.
