AIRBNB INC-CLASS A (ABNB) Stock Technical Analysis
NASDAQ:ABNB - Nasdaq - US0090661010 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to ABNB. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ABNB is only an average performer.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
ABNB has an average volume of 5388420 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, ABNB outperforms 46% of them, which is more or less in line with the market.
ABNB is part of the Hotels, Restaurants & Leisure industry. There are 133 other stocks in this industry, ABNB did better than 40% 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.
In the last month ABNB has a been trading in the 127.04 - 143.88 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, ABNB also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 136.74. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 134.40, a Stop Loss order could be placed below this zone.
More info and screens
128.36
160.27
When analyzing the support we notice one important area.
- A support zone ranging from 129.66 to 132.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 135.44 to 138.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 140.65 to 140.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @158.68 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 | UP | POSITIVE | The long term trend for ABNB is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ABNB is neutral. |
| ChartMill Relative Strength | 46.85 | NEUTRAL | ABNB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ABNB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ABNB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ABNB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.92 | NEUTRAL | The RSI value for ABNB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.21 | NEGATIVE | The MACD value suggests ABNB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 56.47 | NEUTRAL | The Stochastics value for ABNB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.6 | MEDIUM VOLATILITY | The ATR as a percentage value for ABNB suggests some volalility. |
| Average Directional Index/ADX (14) | 11.55 | NEGATIVE | The low ADX value for ABNB suggests a weak or negative 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)
135.39
-0.02 (-0.01%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg-0.01%
1 Week4.41%
2 Weeks1.51%
1 Month1.87%
3 Month26.94%
6 Month-0.24%
12 Month-11.22%
2 Year-11.04%
3 Year22%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.38
ATR(20)%2.6%
ATR Inc-6.16%
Range Today1.7
ADR(20)3.2
ADR(20)%2.36%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS46.85
Mansfield-0.37
10 Day High136.69
10 Day Low127.04
20 Day High143.88
20 Day Low127.04
52 Week High163.93
52 Week Low99.88
CS1 End134.4
CR1 Start136.74
Volume & EV
DER(3)0.19%
DER(5)1.05%
Volume2.67M
Volume Incr-21.12%
Vol(5)4.06M
Vol(50)5.39M