Booking Holdings (BKNG) Earnings Forecast: MACD Indicator Suggests a Bullish Trend Ahead of Thursday's Report
Booking Holdings (NASDAQ: BKNG), the parent company of well-known online travel brands such as Booking.com, Priceline, and Kayak, is scheduled to report its earnings on Thursday, May 4. Investors are keenly watching the stock's performance as the company's Moving Average Convergence Divergence (MACD) histogram crossed above the signal line on May 2, 2023, indicating a potential bullish trend.
The MACD is a widely followed technical indicator used by traders to identify changes in a stock's momentum. When the MACD line crosses above the signal line, it usually signals a buying opportunity, as it suggests that the stock's momentum is shifting towards an upward trend.
A historical analysis of BKNG's performance following a positive MACD crossover reveals that in 34 of 49 instances, the stock continued to rise in the following month. This translates to a 69% chance of a continued upward trend for the shares of the online travel giant.
Given the current global economic recovery and the resurgence of the travel industry following the COVID-19 pandemic, investors have been optimistic about the potential for strong earnings from Booking Holdings. The company has benefited from the easing of travel restrictions and increasing vaccination rates, which have resulted in growing demand for travel bookings.
As we approach the release of Booking Holdings' earnings report, market participants will be watching closely for any updates on the company's performance and future outlook. The positive MACD crossover offers a promising signal, and if history serves as a reliable guide, investors may be in for a period of continued growth for BKNG shares.
However, it's important to note that while the MACD is a helpful tool in predicting stock trends, it should not be the sole basis for any investment decision. Investors should consider various factors, including the company's fundamentals, industry trends, and the overall market environment before making any decisions.
The recent positive MACD crossover for BKNG shares hints at a potentially bullish trend ahead of the company's earnings announcement on Thursday, May 4. Investors will be closely watching the results to gauge the company's performance and determine whether the positive momentum will continue in the weeks to come.
BKNG in +0.81% Uptrend, rising for three consecutive days on October 25, 2024
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where BKNG advanced for three days, in of 350 cases, the price rose further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Aroon Indicator entered an Uptrend today. In of 287 cases where BKNG Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The 10-day RSI Indicator for BKNG moved out of overbought territory on October 23, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 42 similar instances where the indicator moved out of overbought territory. In of the 42 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 65 cases where BKNG's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for BKNG turned negative on October 22, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 53 similar instances when the indicator turned negative. In of the 53 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where BKNG declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 86, placing this stock better than average.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. BKNG’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: BKNG's P/B Ratio (98.039) is very high in comparison to the industry average of (13.138). P/E Ratio (30.391) is within average values for comparable stocks, (55.221). Projected Growth (PEG Ratio) (1.018) is also within normal values, averaging (1.802). Dividend Yield (0.002) settles around the average of (0.053) among similar stocks. P/S Ratio (6.101) is also within normal values, averaging (22.119).
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General Information
a provider of online travel and related services
Industry OtherConsumerServices