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.
ABNB trade ideas
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.
ABNB will be great investment in the next months ABNB started its rally from 81.91 dollars and is continuing as a Leading Diagonal.
We are waiting for it to complete the patter because if it is correct so we may have
a huge bullish market (normally after Leading Diagonals).
I think it will be precious to keep it in your watchlist.
Be Safe and Happy
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.
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.
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.
Is AirBnb, taking the lion share in the alternative acommodationAfter finding a bottom at the end of 2022, the price shifted into a bullish intermediate trend. Since then there have been two waves of higher lows and higher highs playing out in almost the same timeframe and each wave was with a diminishing magnitude than the previous one.
In continuation of the pattern I expect the next wave to be of a lesser move and a high of around $170. A more optimistic outlook places a secondary target at $181.
The price currently maintains a favorable position, comfortably trading above both the 50-day moving average (blue-line) and the 200-day moving average (orange-line). Furthermore, the recent crossover of the 50MA above the 200MA reinforces the prevailing bullish sentiment.
Q4 and Full-Year 2024 Financial Performance
The company posted its latest earnings report on the 13th of February. They closed 2023 with a robust financial performance, reporting record-high fourth-quarter metrics and achieving significant year-over-year growth in revenue.
Q4 revenue was $2.2 billion, up 17% year-over-year also it was their best Q4 ever. This number was driven by a record 99 million Nights and Experiences Booked, a modest increase in the Average Daily Rate (“ADR”), and an FX tailwind.
The company reported Net Loss for Q4 of $349 million, including non-recurring tax withholding expenses and lodging tax reserves of approximately $1 billion. The Adjusted Net Income excluding those expenses and applying a long-term effective tax rate of 21%, was $489 million compared to $319 million in Q4 2022. This was mainly driven by strong revenue growth, expense discipline, and interest income, resulting in a 22% Adjusted Net Income Margin.
Other Business Highlights for 2023:
Host community grew to 5 million globally.
Q4 supply growth increased by 18% year-over-year, resulting in more than 7.7 million active listings by the end of 2023.
Share repurchase of $2.25 billion during the year.
Nights and Experiences Booked grew by 12% compared to the previous year aided by a record Q4 with 99 million bookings.
The App accounted for 55% of gross Nights Booked which is 5% increase from the previous year.
Some of the main points from their recent earnings call made by the company Co-founder and CEO Brian Chesky:
Focus on improving the host experience led to significant growth in the host community and active listings.
Introduction of new features and upgrades (like Guest Favorite, Listing Tab, and transparent pricing) enchanced the affordability and reliability for guests.
Strategic expansion efforts yielded positive results in underpenetrated international markets such as Germany, Brazil, and Korea.
An acquisition of GamePlanner.AI to advance their AI capabilities.
Dave Stephenson (current CFO) was appointed as Airbnb's Chief Business Officer and Ellie Mertz was appointed as CFO, effective March 1, 2024.
Future Outlook:
New share repurchase authorization of up to $6 billion of Class A common stock
Continuing focus on making hosting mainstream to drive further growth in the host community.
Strategic expansion beyond the core business into underpenetrated international markets.
Emphasis on leveraging AI technology to develop innovative and personalized interfaces.
Continued investment in new features and upgrades to enhance the platform's functionality.
Long-term vision to offer more than just accommodation, aiming to become a comprehensive travel platform.
Here is my take so far:
Airbnb's push to make hosting more mainstream shows how important it is to keep hosts engaged to keep the platform growing. So it is very important to make Airbnb look attractive to people who might want to host. And with listings growing by double digits across different regions, Airbnb is managing to meet the rising demand for places to stay.
Improving their core service is all about making the guest experience better. They're constantly improving the user experience and are doing things like being more transparent about prices to build trust with users and keep them coming back.
Airbnb's move into the experiences vertical shows they're aiming for bigger growth. By focusing on markets where they're not as big yet and investing in AI, they're trying to find new ways to make money and become a one-stop-shop for travel.
Their success in breaking into new markets proves they can adapt to what people want in different places. Using the same successful strategies in new areas to grab more of the market and grow even more.
And with the aquisition of GamePlanner.AI is all about leveraging AI to make sure users find what they're looking for and get personalized recommendations, which will help them stay ahead of the competition.
Bull Case:
AirBnb network has achieved a critical mass, driven by its dominant share in the alternative accommodation market and the ongoing diversification into the experiential vertical.
The rapid growth in mobile app usage and Airbnb’s strong brand awareness contribute to approximately 90% of traffic coming directly or through unpaid searches to its platform.
What’s more the trend of remote work is driving sustained growth into the long and mid-term travel demand, and AirBnb is well-positioned to benefit from it.
PS: *As per their latest earnings call now more than two-thirds of the hosts offer a weekly or monthly discount.*
Bears Cases:
Rivals such as Booking and Expedia are intensifying their investment in alternative accommodation supply and brand awareness in the U.S., posing a competitive challenge.
Google's prioritization of paid advertisements and its metasearch platform over free organic search links may elevate marketing costs for Airbnb.
Regulatory hurdles related to societal impact, safety concerns, and economic implications could impede the growth of alternative accommodations.
Airbnb's operational model for individual host accommodations entails higher servicing costs compared to traditional hotels and other segments within the travel industry.
Final thoughts:
As we look ahead for Airbnb, there's a sense of optimism on both its recent performance and its long-term potential. The way the stock has been trending, there's this steady momentum building up.
What’s more, when you step back and look at the bigger picture, you see Airbnb as this powerhouse in the travel world. Their unique approach, their way of connecting people with places to stay, is making Airbnb a synonym for traveling in younger generations. And with things looking up on the technical side and the fundamental strengths they've got going, it's hard not to feel bullish about where they're headed.
