From penthouse to outhouse Beaten down heavily due to a slowdown in consumer travel. But this is a very good long term growth company that has a strong moat and good free cash flow. Not the worst place to open up a position if you’re happy to employ the dollar cost average approach.
I went long at the dip. We were at the VAL and the weekly.
Stop loss just in case it turns bearish, which is always possible given the strong downtrend.
Not financial
Advice!
6Z1 trade ideas
Clear Buy opp ABNB (Shorterm/MidTerm) Fundamental
- Stock earnings are increasing
- Stock outlook of earnings is positive
Technical
- Stock lays on a bottom. Seems that the support is given more than earlier.
- Large Buy order is spotted in the Volume. Impact is minimal.
Macro
- Renting is places is a growing trend. With travelling back to pre-level Corona times
this could be seen as a growth opportunity for the company.
Risk
- Understanding that all over the world people protesting RBNB because of rising housing prices makes it understandable that more regulation will deduct earnings in the future. But I expect the scale to be minimal.
- New Tax rules make it harder retain current costumers in European city's -- impact is unclear.
$ABNB Doomed: Stock to $50 (-50%) NASDAQ:ABNB Doomed: Stock to $50 (-50%)
Occasionally in your career, you get a really clear signal. The technicals, fundamentals, and narrative all line up perfectly.
I dislike this company, its business model, and the fact that it enables even more Boomers and private money to take family homes off the market. The hosts are adversarial, controlling, and almost certainly spying on you.
Airbnb can only thrive under the halcyon conditions of low interest rates, easy money, and consumers with disposable income. None of this is true, or likely to be true in the coming 24 months.
Americans are declaring bankruptcy at record levels, real wages haven't been lower in a lifetime, and inflation has reduced vacations and luxuries to a trip to McDonald’s. Not joking—a recent headline declared that nearly 80% of Americans consider McDonald's a luxury.
Many hosts are overburdened and overleveraged with mostly vacant properties. Unsurprisingly, hosts' profitability is sinking, and as soon as we see home prices or consumer sentiment start to shake, many of these owners are going to sell. This will fuel a spiraling doom-loop, driving the stock down to as low as $50 by next summer.
The trade: Rejection at the lower highs of '22 and '24 (in yellow) has set up the rising wedge we just broke down from. In the same way rejection at $200 in '22 saw a -60% move, I believe rejection at $170 this year has set us up for another leg down in a precipitous drop.
Short from $125 to about $65. If you're not already bearish and short, look out for a bounce and gap fill to $120ish, before brutal rejection below $100. Get some popcorn; it’s going to be wild.
Airbnb (NASDAQ: ABNB) Shares Plummet 14% on Earnings Miss Airbnb (NASDAQ: NASDAQ:ABNB ) shares experienced a significant drop of 14% in after-hours trading following the company's second-quarter earnings report, which failed to meet analysts' expectations. Additionally, the company cautioned about potential slowing demand from U.S. customers, raising concerns among investors about its future growth prospects.**
Earnings Miss and Revenue Growth
For the quarter ended June 30, Airbnb reported:
- Earnings per share (EPS): 86 cents (compared to 92 cents expected by analysts)
- Revenue: $2.75 billion (slightly above the $2.74 billion expected)
While revenue increased by 11% year-over-year, Airbnb's net income dropped to $555 million, or 86 cents per share, down 15% from $650 million, or 98 cents per share, in the same quarter last year.
Signs of Slowing Demand
Airbnb's management highlighted several areas of concern:
- The company anticipated a moderation in year-over-year growth in its key “Nights and Experiences” category.
- There were shorter booking lead times globally.
- There were signs of slowing demand from U.S. guests, a critical market for Airbnb.
Despite these warnings, the company reported that users booked 125.1 million Nights and Experiences, marking its highest second-quarter result to date.
Regional Performance and Quality Initiatives
Airbnb noted continued growth across all regions compared to Q2 2023, with Asia Pacific and Latin America leading the way. This regional growth, however, was overshadowed by the warning signs in the U.S. market.
To improve the quality of listings on its platform, Airbnb (NASDAQ: ABNB) has removed more than 200,000 low-quality listings since launching its “quality system” over a year ago. This initiative aims to enhance the user experience by ensuring higher standards for the properties listed.
Investor Concerns and Market Reactions
Investors are closely monitoring consumer behavior, especially given the Federal Reserve's stance on interest rate adjustments. The broader economic context has shown mixed signals, with companies like McDonald's reporting that consumers are feeling economic pressures, as indicated by a recent drop in same-store sales.
Airbnb’s forecast for third-quarter revenue ranges between $3.67 billion and $3.73 billion. However, the cautionary notes regarding future growth and demand have amplified investor concerns, contributing to the sharp decline in share value.
Technical Outlook
Shares of Airbnb (NASDAQ: NASDAQ:ABNB ) stock have experienced a 16% decline in after-hours trading, suggesting an impending gap down in Wednesday's trading session. The daily price chart reveals a consistent rising wedge pattern, swiftly succeeded by a falling wedge pattern, indicative of ongoing buyer-seller conflicts and offering insights into the stock's forthcoming significant milestone. Adding to the bearish sentiment surrounding NASDAQ:ABNB , the stock exhibits an after-hours Relative Strength Index (RSI) of 22, signaling unfavorable conditions for the stock's performance at the commencement of tomorrow's trading session.
Conclusion
Airbnb's second-quarter earnings report has stirred significant apprehension among investors, primarily due to its warnings of slowing demand in the U.S. market and the missed earnings expectations. While the company continues to see strong performance in regions like Asia Pacific and Latin America, the potential headwinds in its key market could pose challenges moving forward. As Airbnb navigates these complexities, the market will be keenly observing its strategic responses and any further signals of consumer sentiment.
Airbnb (ABNB): Bleak Outlook or Potential Turnaround? 🏠Airbnb (ABNB): NASDAQ:ABNB
Airbnb's outlook appears quite bleak at a glance. We've experienced a break in the downtrend, and since January 2023, there has been an uptrend. However, we anticipate this might not last long as the complete cycle has not yet concluded. Since the IPO, the price initially surged to $220, then fell to $82. We now expect a rise towards a Y-Wave, or Wave II, hitting between the 61.8% and 78.6% retracement levels, equating to a range between $167 and $190. Following this, we predict Wave III will drop well below Wave 1's low of $82, potentially reaching around $30. It's important to note this is a multi-year scenario that won't unfold overnight. Still, it's crucial to be aware of the long-term perspective.
Should the price exceed the 78.6% mark, or $190, our scenario would be invalidated, indicating that the bottom was indeed found at $82.40. Until such a development, we anticipate a declining trend for Airbnb.
Airbnb (ABNB): Time to Short!I love Airbnb for vacations but this chart really isn't looking so good...
It is the only stock we are currently looking to short. Airbnb has consistently shown lower prices since its inception, despite a recent period of higher highs since hitting a low of $82. We remain confident in the continued downward trend.
The movements from point A to B and B to C align well with Fibonacci extension and retracement levels. The retracement for Wave (2) is particularly notable at the 61.8% level. We believe we are currently within Wave (3).
We want to time the short entry based on anticipated Elliott wave counts. We anticipate a further decline in the short term, followed by a potential rise in the coming weeks. We plan to place our short position during this anticipated rise in Wave 2. We will continue to monitor the price action closely and provide a detailed update with exact entry and exit points once we are ready to place the short position.
AbnbChanel breakdown around 148. Now potentially flipping into reistance. This looks like a rising channel or a bear flag. If bearflag target is 124)
Either way my exit plan is around 135 at the .618 fib support. I’m in at anything around 148 and I’ll add up to 149s
If we lose 145.60 and hold below that is another confirmation of further downside.
7/11/24 - $abnb - LT winner but ST headwinds7/11/24 :: VROCKSTAR :: NASDAQ:ABNB
LT winner but ST headwinds
- best in class
- generates healthy >4% fcf yield
- 30x PE (in theory) expensive - but opex leverage not normalized in this environment - PF # probably closer to mid 20s in a smoothed scenario
- size factor is ambiguous. 88 bn enterprise value not "small" (by any stretch) but also not a small cap that i tend to think r good beneficiaries of the current environment (read my take on AMEX:IWM from last night)
- even the chart showing higher lows and higher highs since the '22 low in tech stonks - that's good
- on it's equal weighted SPXEW pair looks sideways, unconvincing - this matters
- if i didn't need to own the stock i'd probably not in the current environment
- google trends are good/ not great - stalled bc of environment
trends.google.com
- i'd want to pick this up once we figure out what's happening w/ the rates picture. if this marches higher i have no problem letting it go - i don't think there's an obvious 10-15% upside here into YE w/o a lot of monitoring
- if we get some sort of risk off, this is probably a weak link esp having just dipped below the 200d EMA... last few times it did that we saw a bit more dippity dip. not my bread and butter - but i use TA as a layer to my above thinking.
- i like it more in the $120s. near $150 (like today) i'm ambivalent and see many other names that have better than low teens growth, cash generative, better GM's and trading cheaper than 8x. 6x. fine. 25x on current cons. PE. let's go.
- sidelines.
what do u think?
V
ABNB TRADE IDEAWhen considering the forecast and the evidence that supports it, it is likely in wave three to a higher degree, which is the bread and butter of swing trading. That said, the safest wave three entry is often the break above wave one of three, but in this case, the 8 and 21 EMA gave a buy signal, weekly volume is ticking up, and the weekly RSI is holding above 40. Therefore, a break above the weekly 8EMA may be the buy signal we are looking for. For any trade, you need a reason to enter, which is listed, a valid stop, which would be the wave 2 of 3 low in this case, and a target, which will be at least the 161.8% extension, based on typical Elliot wave theory and the overall forecast.
PRIMARY FORECAST FOR ABNBWhile there is an alternate count that treats wave two as a flat correction, there is more evidence to support the listed forecast. Based on the high extension of wave one of three, it is likely that wave three will be extended and target the 260 zone. Currently, the weekly volume steadily increasing over the past few weeks supports that this could get moving to the upside soon. We will want to see the RSI hold above about 40 to confirm the count is correct and in fact in wave three on a higher degree.
$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
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 - - 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.