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Advanced TA SearchArchive
- 4/19/2024 -
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Booking Ho (BKNG) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the Booking Ho (BKNG). During the week, the BKNG dropped -116.98 points, or -3.31%, and closed at 3414.82 on Friday, April 19, 2024. It was the worst weekly loss since February 23, 2024. Weekly volume was -31% below 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 Broadening Ascending Wedge chart pattern. The trend support level is at 3324.57 and resistance is at 4172.12. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
 Medium-term trend: [See BKNG medium-term trend chart]
A medium-term uptrend had started on October 26, 2023 at 2733.04 and reached 3918.00 on February 22, 2024. BKNG gained -1184.96 points, or -43.36%, in 17 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (3630.92) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. BKNG may retest the broken support line. It is considered to be a resistance 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 support 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. 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 11, 2024 at 3656.81 and reached 3405.16 on April 19, 2024. BKNG lost 251.65 points, or 6.88%, in 8 days. Price is near the trend low.
 Daily Technical Indicators: [See BKNG daily technical indicators chart]
Daily Williams' Percentage Range is oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Williams' Percentage Range or strongly oversold daily Lane's Stochastic. 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is below its signal line since April 11, 2024. This is an indication that the short-term trend is down.
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