ABNB Potential Buy setupReasons for bullish bias:
- Price broke double bottom neckline
- Potential Cup and Handle formation
Entry Level: 142.34
Stop Loss Level: 129.62
Take Profit Level 1: 155.06
6Z1 trade ideas
More room for growth confirmation?I have been observing the price action on Airbnb for several weeks and a fan of the idea for several years. For some time I was viewing this equity as one that should fall in price rather then the uptrend it has been in since it hit a low of 114.13 month of Nov 2023. The consecutive green bullish momentum candles could point to a possibility of current price action breaking the previous highs of 154.95 month of July 2023, which it failed to do so. Falling from a high of 158.74 on May 2022 and have slightly rebounded up an down within that range for some time but as the possibility of interest rates being cut, the fundamentals being more in line for growth into the end of 2024, and start of 2025. The improvements made on the app to be more suitable for hosts and visitors of the app alike.
price had consolidated around the prices of 86.71 and 81.91 June and DEC 2022. Price has been hitting higher highs and higher lows for several weeks and may continue.
Airbnb's Bold Fee Move and the Road to Global ExpansionNavigating New Horizons:
Airbnb (NASDAQ: NASDAQ:ABNB ) has once again captured investor attention with a strategic move that sent its shares soaring 5%. The announcement to increase fees for cross-currency bookings is not just a financial adjustment but a bold step towards unlocking the vast potential of international markets. We'll explore the implications of Airbnb's fee hike, the broader international expansion strategy, and the market's nuanced response.
Unlocking the Global Opportunity:
The 5% surge in Airbnb's ( NASDAQ:ABNB ) stock following the revelation of increased fees for cross-currency bookings speaks volumes about investor sentiment. While the additional charge of up to 2% might seem like a modest adjustment, the real story lies in Airbnb's visionary approach to tap into the immense potential of international markets.
During the Q3'2023 earnings call, Airbnb's management emphasized a 17% growth in cross-border nights booked, showcasing the company's traction in global travel. The letter to shareholders highlighted the recovery of the business in the Asia Pacific region, where gross nights grew 23% in Q3 2023 compared to Q3 2019. Notably, China's outbound travel surged by over 100%, underlining the effectiveness of Airbnb's strategies in a key market. Smaller Asia Pacific markets, including Taiwan, the Philippines, Thailand, Hong Kong, and Indonesia, experienced impressive year-over-year growth above 30% for gross nights booked.
Market Perception and Volatility Analysis:
Amidst the excitement, it's crucial to interpret the market's response to Airbnb's ( NASDAQ:ABNB ) fee adjustment in the context of the company's historical stock volatility. With 16 significant moves greater than 5% in the past year, today's 5% surge indicates that the market perceives the news as impactful but not transformative to the fundamental outlook of the business.
Reflecting on the past year, the most notable move occurred nine months ago when the stock dropped 10.6% following a mixed quarterly report. While Airbnb ( NASDAQ:ABNB ) beat analysts' expectations in gross bookings, revenue, earnings per share (EPS), and free cash flow estimates, concerns arose with weaker guidance for key metrics in the subsequent quarter. The dip was attributed to changes in the expected timing of marketing spend relative to the prior year, coupled with a projection of a similar EBITDA margin for 2023 compared to 2022.
Year-to-Date Performance and Investor Returns:
As of now, Airbnb ( NASDAQ:ABNB ) is up 11.7% since the beginning of the year, trading at $150.09 per share—close to its 52-week high of $153.33 from July 2023.
Conclusion:
As Airbnb ( NASDAQ:ABNB ) navigates the dynamic currents of the market, its fee adjustment for cross-currency bookings is not just about revenue enhancement but a strategic move to capture the global travel resurgence. Investors are presented with a compelling opportunity as the company solidifies its position in under-penetrated markets, with the Asia Pacific region serving as a testament to its recovery.
ABNB Room to Run?ABNB looks like it could be in for a run to the upside. Fairly low risk area (could be better)
2024 Horse Race - WorstI surveyed 12 people to determine what they thought were the stocks that were most likely to perform poorly in 2024. This chart puts them head to head. The winner is the biggest loser.
ABNB likely reaching the 170 to 180 range Airbnb's stock shares seem to exhibit a bullish trend, indicating a potential upward movement in the first quarter of 2024, potentially reaching the range of 170 to 180.
The positive momentum could potentially continue in the long run, possibly aiming for 240-270. However, there is a risk of the stock declining towards the 125 level during the first quarter.
ABNB, Potential Buy based on AlgoSignal StrategyThe current price exhibits promising upward signals according to my algorithmic system, meeting various criteria. These include rising trading volume, an upward trend indicated by prices above EMA20 and EMA50, and the closing price surpassing VWAP. As a result, the present conditions suggest a potential upward trend.
ABNB PRICE ACTION-23rd DEC 2023This is my price action for ABNB. If you have any questions, feel free to post it in the comments.
I have explained SLs, Targets and entries as well. SL is the most important part of trading, and we should accept it and move on.
NOTE:ABNB LOOKS BULLISH
AIRBNB - CUP and HANDLE Pattern.AIRBNB has formed Cup and Handle pattern. Entry price , Stop Loss and projection have been marked.
ABNB - Powell Boosters Engaged - To The MoonABNB is poised for a serious breakout to the upside (that makes the rise since late november seem like kiddie play). With Grand Head Poobah Fed Chairman Powell hinting about not one, not two, but THREE rate cuts coming in 2024 (after all, it is an election year)...
The Federal Reserve anticipates a significant reduction in interest rates by next year, suggesting the possibility of three rate cuts in 2024. However, the Fed also predicts that inflation won't stabilize at the targeted 2% rate until 2026, raising questions about the timing of rate cuts. Fed Chair Jerome Powell explained that since rate hikes have a delayed effect on the economy, waiting for inflation to drop to 2% could result in overly high rates for an extended period, risking a recession. Powell, during a press conference, emphasized the need for proactive rate adjustments before reaching the 2% inflation rate to prevent late policy intervention.
So, what does that mean. It means the fed doesn't give a flip about inflation, so people will be flocking to assets...(gold went up $60/oz in like 3 hours after the announcement)...andasset prices will continue to rise...the underlying rents that are associated with those assets will continue to rise...and guess who's sitting on top of the vacation rental market all fat and happy - AirB to the B.
From a financial valuation standpoint, AirBNB's free cash flow is going to go absolutely bananas. They were talking about hosting rental rates dropping 30% YoY because of the crazy interest rate hikes the fed has been imposing - and guess what - ABNB's revenue still soared 18% YoY - what do you think will happen when rates start to find a middle ground, or better yet, return to their summer '22 levels. It doesn't take a math whiz to understand that ABNB is poised to print money - yet, they're dramatically undervalued.
Despite the hiccup, ABNB's revenues increase 18% YoY in Q3 - prices go down 20-30%...yet revenues go up 18%...then add to the fact that of the 8.7B the company raked in, in Q3 - 38% is free cash flow - cash flow the company has used over the last year to buy back almost 3% of its shares.
Value? You want it, you got it. Consider these Price to Free Cash Flow ratios:
MSFT: 43.97
AAPL: 30.55
NVDA: 69.68
TSLA: 238.88
NFLX: 37.45
AMZN: 73.4
...ABNB crushes every last one: 22.86 WUT?!?!
Now for the exciting part...fair valuation. Dump TSLA because the valuation is an outlier, and the average FCF to price ratio of MSFT, AAPL, NVDA, NFLX, and AMZN is 51.01 - ABNB's stock price at that ratio is...
$329.04
Expect ABNB to easily blow past it's former all time high from Feb of '21 at $216.84, and where were we on this day in December of '20 - at almost an identical level $157.
Moral of the story, take out a 2nd mortgage and don't put it towards an airbnb investment property - put in all in ABNB!
AIRBNB Stock Chart Fibonacci Analysis 120723Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 135/61.80%
Chart time frame : B
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : A
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern.
When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point.
As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved.
If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks.
If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
ABNB LongConsolidation right on a previous negotiation zone followed by a good volume bull breakout.
Entry either by a limit order on the given point (131.60) either after a big bull confirmative candle.
TP 153.23
SL 124.56 (in our case)
Stop loss modified properly if entry is triggered by the confirmative candle.
Airbnb Inc. (ABNB)Daily chart with ichimoku.
It is necessary to monitor whether the LS intersects the trend line.
Thin cloud on the horizon.
Make up your mind.
ABNB will you keep this up next week NASDAQ:ABNB Bullish Surge in ABNB Following a Week of Sideways Trading
In the realm of market dynamics, Airbnb Inc. (ABNB) has displayed noteworthy behavior, characterized by a bullish upswing subsequent to a week marked by lateral price movement. The culmination of this trend was particularly pronounced on Friday, December 1, 2023, as ABNB experienced a remarkable surge, departing from the preceding sideways action.
This surge in bullish momentum signifies a potential shift in market sentiment and an emergence of buying interest in ABNB. The prior period of lateral movement, where prices were relatively stable within a narrow range, often serves as a precursor to significant price movements. Investors and traders closely watch such consolidative phases as they can precede a breakout, providing lucrative opportunities for those positioned strategically.
The surge observed on December 1, 2023, underscores the significance of timely market analysis and the potential for rapid changes in stock dynamics. Various factors could contribute to this sudden bullish movement, including positive earnings reports, favorable market sentiment, or other company-specific developments.
For stakeholders, particularly those with positions in ABNB or those considering entry, it is imperative to delve deeper into the catalysts behind this bullish surge. Fundamental analysis, including company news, financial reports, and broader market conditions, can provide insights into the sustainability of this momentum.
Technical analysis tools, such as trendlines, moving averages, and relative strength indicators, can further aid in gauging the strength of the current bullish trend and identifying potential levels of support and resistance.
As the market landscape is dynamic, it is advisable for investors and traders to stay vigilant and adapt their strategies accordingly. Continuous monitoring of relevant news, updates, and key financial indicators will be instrumental in making informed decisions in response to the evolving situation in ABNB and the broader market.
In conclusion, the recent bullish movement in ABNB, breaking away from a week of sideways trading, warrants careful attention from market participants. Vigilance, coupled with a comprehensive analysis of both fundamental and technical factors, is crucial for navigating and capitalizing on the dynamic shifts in stock behavior.
Airbnb: Checked out 🏨👋The Airbnb share price has recently moved away from the now grayed-out Target Zone and then entered a sideways movement. However, as we now consider the low of the magenta wave (2) to be in place, we expect the rise to continue well above the resistance at $151.16.
Airbnb Could Be Turning HigherAirbnb bounced earlier in the month, and some traders may look for more upside.
The first pattern on today’s chart is the rally on November 14 after ABNB acquired an artificial intelligence (AI) company to accelerate its projects. ABNB then formed a bullish inside week, which can signal continuation of the move.
Second, prices have pushed above the 50-day simple moving average. That could mark an end to its intermediate-term downtrend.
Meanwhile, the shorter-trend trend has been getting more positive. The 8-day exponential moving average (EMA) crossed above the 21-day EMA two weeks ago and has remained there since. MACD is also rising.
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Airbnb joins the AI race. What does this mean for its stock?Airbnb Inc. has announced plans to acquire GamePlannerAlm, a start-up developing artificial intelligence technology, to bolster its position in this industry. While Airbnb previously focused on buying companies in the tourism sector, its management has now shifted towards integrating artificial intelligence into its business processes.
So today, we suggest looking at the Airbnb Inc. (NASDAQ: ABNB) stock chart.
On the D1 timeframe, support formed at 115.20, and resistance moved to 131.62. The quotes are approaching the upper boundary of the downward channel. In case of a breakout, the local uptrend may strengthen.
On the H1 timeframe, if the level of 131.62 is broken through, the target for a price increase could be set around 140.97, while in the medium term, it could hover around 151.01.
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Bearish AB=CD pattern volume dumpViewing the 30min chart, I see a bearish AB=CD pattern and a negative wave trend Analysis combined with negative money flow. Setting up a big volume dump. I did add puts
Bearish Sequence - ABNBHere we have AirBNB Stock which has been declining since July 31st. After the failed attempt of a Higher High on Sept. 12th followed by a Lower Low on Oct. 27th that exceeded the Previous Low on Aug. 18th.
Which leads me to believe that history will repeat itself where we should get a Lower High in the 129.97 - 127.74 range followed by a Sequence Target range of 100.12 - 88.07 with the potential of Support hovering above this Target @ the 104 - 103.5 area!!
Fundamentally, AirBNB executives have been selling shares their shares.
www.tradingview.com
*If price decides to Break Up and Close Above the BC zone, the Bearish Sequence is INVALIDATED
$ABNB 125 Failure?AirBnB showing signficant weakness vs the broader market and I'm not sure ABNB can make it out of this given the backdrop. Good luck traders!
