The Greedy Trader Weekly Analysis
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Weekly Price vs. Fibonacci:Near 38.2% retracement level
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Stock market trading indicator and technical analysis stock screen presents technical stock market timing signals for technical investment analysis like screen stochastic or moving average trading system.. Screen includes following popular indicators and trading systems: Relative Strength Index (RSI), Williams' Percentage Range (W%R) and Lane's Stochastic (%D–Slow), moving average, macd convergence divergence, bullish and bearish divergence. For the best result different technical indicators should be analyzed in different time frames together with trend analysis, sector/industry ranking and stock timing alerts.

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- 5/10/2024 -
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Booking Ho (BKNG) Technical Analysis

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Summary:
Weekly :Oversold sectorBroken trend resistance line
Daily :Williams' Percentage Range is strongly overboughtThe price is above the upper Bollinger Band
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It was a third positive week after 3 consecutive negative weeks for the Booking Ho (BKNG). During the week, the BKNG gained 228.37 points, or 6.38%, and closed at 3805.75 on Friday, May 10, 2024. Weekly volume was 16% above average.

BKNG is a member of Consumer Discretionary Sector. Consumer Discretionary is the second most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See BKNG long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 1616.85 and reached 3918.00 on February 22, 2024. BKNG gained -2301.15 points, or -142.32%, in 71 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 3402.60 and resistance is at 4150.04. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.

Medium-term trend: [See BKNG medium-term trend chart]
A medium-term downtrend had started on February 22, 2024 at 3918.00 and reached 3393.95 on May 2, 2024. BKNG lost 524.05 points, or 13.38%, in 10 weeks. The chart has formed a Descending Triangle chart pattern. The downtrend resistance line (3393.20) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. BKNG may retest the broken resistance line. It is considered to be a support line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See BKNG weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since March 1, 2024. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See BKNG short-term trend chart]
A short-term uptrend had started on May 2, 2024 at 3393.95 and reached 3811.57 on May 10, 2024. BKNG gained -417.62 points, or -12.30%, in 8 days. Price is near the trend high.

Daily Technical Indicators: [See BKNG daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.

The daily MACD line is above its signal line since May 2, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 77.79
Williams' Percentage Range (W%R) 6.70
Strong Overbought
Lane's Stochastic (%D-Slow) 77.20
Greed/Fear Indicator (GFI) 82.75
Overbought
Moving Average Converg./Diverg. (MACD) 8.08
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.99
Williams' Percentage Range (W%R) 25.20
Lane's Stochastic (%D-Slow) 34.87
Greed/Fear Indicator (GFI) 53.65
Moving Average Converg./Diverg. (MACD) 135.69
Trading Signals
Description Value Chart
Yearly Trendline Resistance 4150.04
Price 3805.75
Upper Bollinger Band 3797.70
Daily Stochastic Crossing 3736.67
Parabolic System 3571.93
50 Day Moving Average 3542.02
Weekly Stochastic Crossing 3538.01
20 Day Moving Average 3533.14
Quarterly Trendline Resistance 3444.61
Yearly Trendline Support 3402.60
Quarterly Trendline Support 3393.20
Lower Bollinger Band 3366.42
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 2
Industry Internet & Direct Marketing Retail 71
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 3393.95
Low Date 05/02/2024
High 3811.57
High Date 05/10/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 3393.95
Low Date 05/02/2024
High 3811.57
High Date 05/10/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 3393.95
Low Date 05/02/2024
High 3811.57
High Date 05/10/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Descending Triangle
Status Broken Resistance
Resistance 3444.61
Support 3393.20
High 3918.00
High Date 02/22/2024
Low 3393.95
Low Date 05/02/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 4150.04
Support 3402.60
Low 1616.85
Low Date 10/13/2022
High 3918.00
High Date 02/22/2024
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.