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Internet & Direct Marketing Retail Industry Stocks Technical Analysis - BKNG

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- 3/15/2024 -
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Booking Ho (BKNG) Technical Analysis

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Summary:
Weekly :
Daily :20 Day Moving Average has crossed below the 50 Day Moving AverageWilliams' Percentage Range is oversoldThe price has risen above the Parabolic SAR
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It was the negative week for the Booking Ho (BKNG). During the week, the BKNG dropped -71.72 points, or -2.06%, and closed at 3413.98 on Friday, March 15, 2024. Weekly volume was 24% 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 Broadening Ascending Wedge chart pattern. The trend support level is at 3219.45 and resistance is at 4034.06. 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 downtrend had started on February 22, 2024 at 3918.00 and reached 3398.97 on March 6, 2024. BKNG lost 519.03 points, or 13.25%, in 1 weeks. Price is near the trend low.

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 uptrend had started on March 6, 2024 at 3398.97 and reached 3550.00 on March 14, 2024. BKNG gained -151.03 points, or -4.44%, in 8 days. The price is now at the 90.06% retracement level.

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

The daily MACD line is below its signal line since February 22, 2024. The distance between MACD and the signal line is low and getting smaller.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. 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) 37.92
Williams' Percentage Range (W%R) 80.90
Oversold
Lane's Stochastic (%D-Slow) 58.49
Greed/Fear Indicator (GFI) 38.52
Moving Average Converg./Diverg. (MACD) -28.79
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.35
Williams' Percentage Range (W%R) 35.40
Lane's Stochastic (%D-Slow) 40.58
Greed/Fear Indicator (GFI) 51.34
Moving Average Converg./Diverg. (MACD) 183.59
Trading Signals
Description Value Chart
Yearly Trendline Resistance 4034.06
Upper Bollinger Band 3768.02
50 Day Moving Average 3561.44
Weekly Stochastic Crossing 3551.67
20 Day Moving Average 3536.01
Daily Stochastic Crossing 3482.75
Price 3413.98
Parabolic System 3405.60
Lower Bollinger Band 3276.13
Yearly Trendline Support 3219.45
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 7
Industry Internet & Direct Marketing Retail 63
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 3550.00
High Date 03/14/2024
Low 3409.01
Low Date 03/15/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 3398.97
Low Date 03/06/2024
High 3550.00
High Date 03/14/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 3918.00
High Date 02/22/2024
Low 3398.97
Low Date 03/06/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 2733.04
Low Date 10/26/2023
High 3918.00
High Date 02/22/2024
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 4034.06
Support 3219.45
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.