Airbnb, Inc. stock price up 1.19% on Monday (Updated on August 30, 2021)

Buy candidate since 2021-08-27 Gain 1.19% PDF

The Airbnb, Inc. stock price gained 1.19% on the last trading day (Monday, 30th Aug 2021), rising from $154.18 to $156.02. , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 3.67% from a day low at $151.92 to a day high of $157.49. The price has risen in 6 of the last 10 days and is up by 5.01% over the past 2 weeks. Volume fell on the last day by -849 thousand shares and in total, 4 million shares were bought and sold for approximately $618.29 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $161.49 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Airbnb, Inc. stock with a 90% probability to be traded between $133.38 and $162.66 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Tuesday, August 24, 2021, and so far it has fallen -3.35%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 months Moving Average Convergence Divergence (MACD). The Airbnb, Inc. stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $153.60 and $145.70. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss

Airbnb, Inc. finds support from accumulated volume at $152.76 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $5.57 between high and low, or 3.67%. For the last week, the stock has had a daily average volatility of 5.21%.

Our recommended stop-loss: $149.14 (-4.41%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 4 days ago.)

Is Airbnb, Inc. stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Airbnb, Inc. stock to perform well in the short-term period.

Current score: 1.185

Predicted Opening Price for Airbnb, Inc. of Tuesday, August 31, 2021

The predicted opening price is based on yesterdays movements between high, low, and the closing price.

Fair opening price August 31, 2021 Current price
$155.14 $156.02 (Overvalued)

Buy Candidate Unchanged

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On August 17, 2021 Morgan Stanley gave $125.00 - $140.00 rating for ABNB. The price target was changed from $148.57 to 2.7%.

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