AIRBNB INC-CLASS A (ABNB) Stock Technical Analysis
NASDAQ:ABNB - Nasdaq - US0090661010 - Common Stock - Currency: USD
Overall ABNB gets a technical rating of 0 out of 10. ABNB's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, ABNB is a bad performer in the overall market: 71% of all stocks are doing better.
In the last month ABNB has a been trading in the 117.28 - 143.30 range, which is quite wide. It is currently trading near the lows of this range.
ABNB has an average volume of 4778960 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ABNB is part of the Hotels, Restaurants & Leisure industry. There are 131 other stocks in this industry, ABNB did better than 45% of them.
ABNB is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ABNB is lagging the market.
Volume is considerably higher in the last couple of days.
ABNB has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
117.12
159.44
When analyzing the support we notice one important area.
- Support @118.30 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 130.66 to 134.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 138.05 to 142.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @157.86 from a trend line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for ABNB is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ABNB is down. |
| ChartMill Relative Strength | 29.82 | NEGATIVE | ABNB has a low relative strength, it was outperformed by 70.18% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ABNB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ABNB is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ABNB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 40.2 | NEUTRAL | The RSI value for ABNB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.51 | NEGATIVE | The MACD value suggests ABNB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 16.17 | OVERSOLD | The low Stochastics value suggests ABNB may be oversold. |
| Average True Range in percent/ATR (20) | 2.97 | MEDIUM VOLATILITY | The ATR as a percentage value for ABNB suggests some volalility. |
| Average Directional Index/ADX (14) | 28.33 | POSITIVE | The high ADX value value for ABNB suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
124.55
+2.94 (+2.42%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg2.42%
1 Week-4.56%
2 Weeks-7.57%
1 Month-8.89%
3 Month-9.75%
6 Month-22.84%
12 Month7.08%
2 Year-5.32%
3 Year10.1%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)4.12
ATR(20)%2.97%
ATR Inc-11.8%
Range Today3.07
ADR(20)3.15
ADR(20)%2.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS29.82
Mansfield-1.32
10 Day High135.8
10 Day Low117.28
20 Day High143.3
20 Day Low117.28
52 Week High163.93
52 Week Low99.88
CS1 End118.3
CR1 Start130.66
Volume & EV
DER(3)2.59%
DER(5)2.13%
Volume6.65M
Volume Incr105.48%
Vol(5)8.56M
Vol(50)4.78M