ABNB - Bullish PointThe green up trend line should continue.
This follows a break of the red trend line and the support of the white horizontal.
Should go up.
4Hr chart but still bullish.
ABNB trade ideas
$ABNB ALMOST READY?WHAT CAN I SAY ABOUT NASDAQ:ABNB ?
NASDAQ:ABNB
well,
there is a lot to like here, lets dive in
I'm waiting for a daily close above the 34 ema, $150 area, i want the saty phase ema to be above the 23.60 level in blue, i would also like the ema to turn green above this level but not a big deal for me on this trade. then go long for the gap fill till $155 - $156 area
ABNB ConsolidatingI have been watching this consolidation below support on ABNB.
$150 has been a very strong resistance, which indicates that once it breaks with volume we could see a big move towards the upside.
AIRBNB Reasons for execution
1)PWL & PML LIQUIDATED
2)+OB
3)0.382 FIBONACCI SUPPORT LEVEL
4)POSITIVE ORDERFLOW
5)1.618 FIB plus
Airbnb Rising Wedge OpportunityAirbnb carries a potential profit of more than 21% unless it closes below $140 per week. Since my usual bottom finder indicator is currently giving a buy signal, I can open a long targeting $176 with a stop at $140. But in the long term a rising wedge pattern is forming.
$ABNB Momentum Swingstwo good setups back to back
enter at consolidation
exit at first fall below MA
ABNB - - A potential setup for a swing tradeRemain vigilant for daily reversal candles occurring near the support area. In the event of a daily closing breach of the support levels (red lines), there is a possibility of further downward movement, emphasizing the importance of implementing risk management strategies.
ABNB gonna pay went long friday, 150s this week 155s next week exp. bottom of the box stop loss. ez play good setup. already a free trade. gonna let the rest do the work. overall target 155
2024-05-28 ABNB Bottom fishing position with tight stoplossABNB has really good fundamental, stock went down due to weak guidance. However, looks like a bottom fishing position can be place with a tight stop at this point. If stock reverse and goes further down more than 5%, just cut loss, no second guess (not a financial advise).
Airbnb: Downhill 🏂Airbnb shares should approach our turquoise Target Zone between $129.45 and $106.12 before placing the low of the magenta wave (2) there. Subsequently, it should turn around and rise above the resistance at $170.05. Should the price exceed this resistance now (33% likely), we will already see it in the magenta-colored wave alt. (3).
Airbnb beats analysts' estimatesAirbnb delivered its quarterly results for the first quarter of 2024, surpassing analysts' estimates on the top and bottom lines. The company reported revenue growth of 18% YoY, bringing the figure to $2.1 billion. The net income was $264 million, up 126% YoY, and operating income amounted to $1.9 billion, recording an increase of 18% YoY. Per the investor letter, the company conducted share buybacks worth $750 million in the first quarter of the current year and registered 132.6 million bookings, marking an increase of 9.5% YoY.
Net revenue = $2.1 billion (18% YoY) vs. $1.8 billion in 1Q23
Net income = $264 million (126% YoY) vs. $117 million in 1Q23
Operating income = $1.9 billion (18% YoY) vs. $1.6 billion in 1Q23
Earnings per share = $0.41 (127% YoY) vs. $0.18 in 1Q23
Additional information
Active listings rose by 15% in the first quarter of 2024.
Long-term stays of 28 days or more accounted for 17% of gross nights booked, down about 1% compared to the first quarter of 2023.
Gross nights booked in non-urban areas grew by 10% YoY.
Forward guidance
Airbnb expects its revenue to increase by approximately 10% in the second quarter of 2024, bringing it to $2.68 billion. Further, the company anticipates stable growth in bookings and adjusted EBITDA to be flat to up on a nominal basis but down on an adjusted EBITDA margin basis when compared to the second quarter of 2023. In addition to that, Airbnb expects its full-year 2024 stock-based compensation expense to be approximately 20% higher than in the full year 2023.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor or any other entity. Therefore, your own due diligence is highly advised before entering a trade.
ABNB POTENTIAL DOWNSIDE MOMENTUM AHEAD WITH THIS BREAKOUTABNB has undergone a notable shift in its recent trajectory. A significant breakout accompanied by a gap suggests the possibility of a downward momentum, potentially returning towards the lower support levels. Furthermore, the failure of bullish momentum above the resistance confirms a significant sell zone. Anticipating a further decline of approximately 10% to 12% from the $150 region.
ABNB Potential Bearish Continuation SetupAfter the first "confirmed " reversal signal of Extreme Reversal Sniper on the H4 Chart Time Frame; we look for bearish breakout confirmation as decribed on the chart.
Holding Period : 5- 7 days
Major Trend : Bullish
Chart Time Frame: H4
Trade Type: Correction
Price Target: Targets are the trendlines on the chart.
Status : Not confirmed yet.
Important Note: Reversal/Correction is not confirmed. You need to wait for the confirmation signal.
Airbnb Shares Tumbles 8% After Weak ForecastsAirbnb shares ( NASDAQ:ABNB ) fell more than 8% in extended trading on Wednesday after the company issued a weaker-than-expected current-quarter outlook, overshadowing its strong Q1 results that topped Wall Street expectations. The company said its current-quarter results face "a significant sequential headwind" from the timing of Easter, an added leap-year day in the prior quarter, and the impact of foreign exchange fluctuations. However, the rentals platform sees accelerating sequential revenue growth between the second and third quarters, driven by a summer travel backlog spearheaded by the Paris Olympics in July and August.
For the three months ending March 31, the company posted adjusted earnings of 41 cents per share, well above the 24-cents-a-share figure modeled by analysts. Revenue in the period of $2.14 billion grew 18% from the last year's first quarter and topped the $2.06 billion consensus view. Gross bookings registered $22.9 billion, up 12% year-over-year (YOY), while nights and experiences booked on the platform improved 9.5% from a year earlier to 132.6 million, edging past expectations of 132.1 million.
Airbnb ( NASDAQ:ABNB ) noted that one-off events, such as the solar eclipse in North America, helped drive user engagement to the platform in the quarter, adding that 500,000 guests booked stays during the eclipse. Since topping out in late March, the Airbnb ( NASDAQ:ABNB ) share price has consolidated within a narrow range around the 50-day moving average, indicating a lack of conviction from both buyers and sellers.
Airbnb ( NASDAQ:ABNB ) shares fell 8.4% to $144.58 in after-hours trading. Through the close of trading Wednesday, the stock had gained about 25% over the past 12 months.
The Easter holiday occurring in the first quarter rather than the second and currency-exchange impacts were partly to blame for Airbnb ( NASDAQ:ABNB ) projecting current-quarter revenue below lofty Wall Street estimates.
Technical Outlook
Airbnb ( NASDAQ:ABNB ) shares is down 6.34% on Thursday's early Market Trading with a weak Relative Strength Index (RSI) of 34.38 indicating a slight oversold condition for the stock.
Ichimoku Watch: Airbnb (ABNB) Testing Support Upcoming Earnings Release:
Airbnb, Inc. (ticker ABNB) is scheduled to report earnings today after the market closes. The consensus EPS estimate for the fiscal quarter ending March 2024 is $0.23, while the reported EPS for the same quarter a year prior was $0.18.
Buyers Preparing to Show?
Airbnb is quite an interesting stock to monitor at the moment.
Most traders can clearly see that the trend in this market is higher in the long term and that the stock has been consolidating between $155.09 and $165.54 since 11 April, with volume steadily declining as the range progresses.
It is also clear that the stock is testing the Ichimoku Cloud (difference between Leading Span A and Leading Span B) to perhaps form support (although the Leading Span A has drastically closed in on the Leading Span B and may cross lower, the fact is that the Cloud may still offer support). If you couple this with the range support edge nearby at $155.09, this could be where buyers come into the market.
Price Direction?
The range support at $155.09 and the Kumo Cloud could be enough to buttress buying in this market. To find confirmation before entering a long trade, some traders may wait and see if a conversion-base line crossover forms. You can see that the conversion line (blue) has just crossed under the baseline (red); a crossover back above the conversion line will be recognised as a bullish signal and is a common way of entering into an established uptrend.
Short ABNB I think we see a downward move towards $137. Rising wedge would mean even lower possible if we breakdown on lower trend line.
ABNB TRADING IDEAAirbnb, Inc. (NASDAQ: ABNB) today announced that the company's first quarter 2024 financial results will be released after market close on Wednesday, May 8, 2024. The company's shareholder letter will be made available on the Airbnb Investor.
BEARISH ON ABNB ONCE IT TOUCHES 170 $NASDAQ:ABNB looks bearish for next 3-6 months according to my analysis .i am just predicting over here and you can see the rsi is nearly going overbought
AIRBNB MARCH 18 '24The overall trend is bullish on the bigger time frame, but we can see a clear rising wedge with the strong break. The technicals align with the current news as well the company hasn't been doing well overall with AIRBNB productivity and new rules and regs have scared customers. Lets see how this plays.
Airbnb (ABNB) take profit and risk freeAirbnb, rebalancing and stop at 0
Stock picking is one of the most complicated things, especially in the long term.
Airbnb (ABNB) is the result of a study I carried out years ago shortly after its listing, the market cap, is higher than historic tourism giants, and the business model and growth possibilities remain important.
Its main competitor (Booking) has done better , incorporating the tourist rental business into the enormous hotel database, increasingly becoming the point of reference in the sector.
A sector in which I continue to believe but ...
How sustainable can it be?
Short-term rentals are out of control now, heavily influencing the cost or even the very EXISTENCE of long-term or "canonical" rentals. Here ethical and political aspects come into play.
It is becoming a problem in some areas even outside the big cities, for those who cannot afford rent which very often equals their salary, when it goes well.
From a graphic point of view, the stock is in an uptrend, and the macroeconomic data have always been positive apart from the last earnings, -183%, an alarm bell which, added to my reasoning, leads me to diversify, while continuing to believe in the tourism sector.
I take home all the profit generated and set the stop at 0.
I am doing a study on the best sector ETF, to include the capital allocated to ABNB, which I hope will continue to grow.
Possible scenarios:
at 152.70: I completely exit the remaining position and reinvest the amount in an ETF (which will be communicated once done)
Rebalancing target: historical high in the $220 area
I'll keep you up-to-date
Happy trading
Lazy Bull
AIRBNB daily suggesting a larger correction is coming..Introduction
Since its IPO, Airbnb (AIRBNB) has exhibited a predominantly sideways trading pattern in the daily timeframe. However, a closer examination reveals a notable impulsive move downwards since late '21, characterized by five distinct waves. This suggests a corrective structure (W-X-Y) has potentially been forming since early '23.
If this corrective pattern indeed materializes, it implies that AIRBNB's price trajectory may start retracing lower in the coming months, possibly dipping below its all-time lows.
Adding to this analysis is the comparison with its industry peer, Booking Holdings (BOOKING), which is trading slightly above a major supporting trendline. The similarity in their patterns could signify broader market concerns, hinting at the possibility of another major crisis akin to the COVID-19 pandemic, potentially even more severe.
Conclusion:
In conclusion, the technical analysis suggests that AIRBNB's recent downward movement may be part of a larger corrective pattern, indicating potential further downside ahead. Moreover, the resemblance in structural weaknesses between AIRBNB and BOOKING raises red flags for the travel and hospitality sector, hinting at broader market vulnerabilities.
Traders and investors should closely monitor price action and market developments for confirmation of these potential bearish scenarios.
Bullish on $ABNBNASDAQ:ABNB soars past $150 resistance level like a boss! The bullish momentum is strong with this one, folks. Time to buckle up and enjoy the ride! 🎢 #ABNB #Bullish #MarketUpdate 📈"
In-depth Look at Airbnb: Analysis for InvestorsAirbnb ( NASDAQ:ABNB ) is currently showing signs of strength as it breaks above previous highs. Looking at the bigger picture, the bullish trend seems to be intact, especially on higher time frames, indicating potential for further upside. The recent slight pullback, coupled with oversold conditions on the 37 Stochastic RSI, suggests that buyers might see this as an opportunity to enter at a lower price before the uptrend resumes. Additionally, there's notable volume accompanying this move, which adds conviction to the bullish thesis. With the all-time high (ATH) sitting at 219, there's significant upside potential for investors.
Analyzing Airbnb ( NASDAQ:ABNB ) involves considering various technical indicators and chart patterns. Breaking above previous highs indicates bullish momentum, particularly when viewed on higher time frames like daily or weekly charts. The slight pullback, accompanied by oversold conditions on the 37 Stochastic RSI, suggests that the stock may have reached a short-term bottom and could be poised for a rebound. This presents an opportunity for investors to "buy wholesale," taking advantage of the lower price before the uptrend potentially resumes. Additionally, observing increased volume during these moves adds confirmation to the strength of the bullish trend. When considering the potential upside, investors calculate the difference between the current price and the all-time high (ATH), providing a target for profit potential. Remember, the principle of "buying wholesale, selling retail" emphasizes entering positions when prices are low and selling when they are high, aligning with a profitable investment strategy.
