The Greedy Trader Weekly Analysis
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Yearly Price vs. Fibonacci:Near 23.6% 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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- 5/3/2024 -
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Booking Ho (BKNG) Technical Analysis

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Summary:
Weekly :Broken trend resistance line
Daily :Williams' Percentage Range is overboughtPrice has crossed above the 50 Day Moving AverageDaily  MACD line has moved above its signal linePrice is near the trend highThe price moved above the moving average in the center of the Bollinger Bands
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It was a second positive week after 3 consecutive negative weeks for the Booking Ho (BKNG). During the week, the BKNG gained 56.30 points, or 1.60%, and closed at 3577.38 on Friday, May 3, 2024. Weekly volume was 14% above average.

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 3379.44 and resistance is at 4126.88. 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 (3407.16) 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 downtrend had started on April 24, 2024 at 3571.11 and reached 3393.95 on May 2, 2024. BKNG lost 177.16 points, or 4.96%, in 8 days. Price is near the highest trend level.

Daily Technical Indicators: [See BKNG daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily 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.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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.

During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.04
Williams' Percentage Range (W%R) 13.60
Overbought
Lane's Stochastic (%D-Slow) 39.39
Greed/Fear Indicator (GFI) 61.61
Moving Average Converg./Diverg. (MACD) -20.12
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.46
Williams' Percentage Range (W%R) 34.60
Lane's Stochastic (%D-Slow) 26.34
Greed/Fear Indicator (GFI) 46.45
Moving Average Converg./Diverg. (MACD) 143.00
Trading Signals
Description Value Chart
Yearly Trendline Resistance 4126.88
Upper Bollinger Band 3635.29
Price 3577.38
50 Day Moving Average 3521.99
Daily Stochastic Crossing 3509.89
Quarterly Trendline Resistance 3509.68
20 Day Moving Average 3507.58
Weekly Stochastic Crossing 3479.99
Quarterly Trendline Support 3407.16
Parabolic System 3390.56
Lower Bollinger Band 3383.36
Yearly Trendline Support 3379.44
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 3
Industry Internet & Direct Marketing Retail 72
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 3393.95
Low Date 05/02/2024
High 3748.21
High Date 05/03/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 3571.11
High Date 04/24/2024
Low 3393.95
Low Date 05/02/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 3711.43
High Date 03/27/2024
Low 3393.95
Low Date 05/02/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Descending Triangle
Status Broken Resistance
Resistance 3509.68
Support 3407.16
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 4126.88
Support 3379.44
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.