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Abhoy Sarkar's Avatar
published in Blogs
May 03, 2023

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.

Related Ticker: BKNG

BKNG in downward trend: price dove below 50-day moving average on June 09, 2023

BKNG moved below its 50-day moving average on June 09, 2023 date and that indicates a change from an upward trend to a downward trend. In of 41 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The 10-day RSI Indicator for BKNG moved out of overbought territory on May 19, 2023. 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 38 similar instances where the indicator moved out of overbought territory. In of the 38 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 66 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 10-day moving average for BKNG crossed bearishly below the 50-day moving average on June 02, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 17 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

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 .

BKNG broke above its upper Bollinger Band on May 18, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on June 06, 2023. You may want to consider a long position or call options on BKNG as a result. In of 85 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for BKNG just turned positive on June 06, 2023. Looking at past instances where BKNG's MACD turned positive, the stock continued to rise in of 49 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. 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 .

Fundamental Analysis (Ratings)

Fear & Greed

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 well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 92, placing this stock slightly better than average.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. BKNG’s price grows at a lower rate over the last 12 months as compared to 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 (90.909) is very high in comparison to the industry average of (10.774). P/E Ratio (26.385) is within average values for comparable stocks, (54.976). Projected Growth (PEG Ratio) (1.027) is also within normal values, averaging (1.175). Dividend Yield (0.000) settles around the average of (0.035) among similar stocks. P/S Ratio (5.727) is also within normal values, averaging (28.854).

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average 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.

Notable companies

The most notable companies in this group are Booking Holdings (NASDAQ:BKNG), Royal Caribbean Group (NYSE:RCL), Trip.com Group Limited (NASDAQ:TCOM), Carnival Corp (NYSE:CCL), Expedia Group (NASDAQ:EXPE), WW International (NASDAQ:WW).

Industry description

Other consumer services include companies that provide consumer services, and are not classified elsewhere. Travel fare aggregators, hotel bookings, consumer-to-consumer or business-to-business sales platforms are some examples of services that can be clubbed into this category. Many of such services have expanded online. Booking Holdings Inc, The Priceline Group Inc, and eBay Inc. are some major operators in this segment.

Market Cap

The average market capitalization across the Other Consumer Services Industry is 7.2B. The market cap for tickers in the group ranges from 158.6K to 97.66B. BKNG holds the highest valuation in this group at 97.66B. The lowest valued company is PRXIQ at 158.6K.

High and low price notable news

The average weekly price growth across all stocks in the Other Consumer Services Industry was 0%. For the same Industry, the average monthly price growth was 1%, and the average quarterly price growth was 8%. TOUR experienced the highest price growth at 30%, while MOND experienced the biggest fall at -25%.

Volume

The average weekly volume growth across all stocks in the Other Consumer Services Industry was -51%. For the same stocks of the Industry, the average monthly volume growth was -57% and the average quarterly volume growth was -42%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 60
P/E Growth Rating: 74
Price Growth Rating: 50
SMR Rating: 74
Profit Risk Rating: 92
Seasonality Score: -7 (-100 ... +100)
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a provider of online travel and related services

Industry OtherConsumerServices

Profile
Fundamentals
Details
Industry
Other Consumer Services
Address
800 Connecticut Avenue
Phone
+1 203 299-8000
Employees
21600
Web
https://www.bookingholdings.com
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BKNG and

Correlation & Price change

A.I.dvisor indicates that over the last year, BKNG has been closely correlated with EXPE. These tickers have moved in lockstep 80% of the time. This A.I.-generated data suggests there is a high statistical probability that if BKNG jumps, then EXPE could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To BKNG
1D Price
Change %
BKNG100%
-1.56%
EXPE - BKNG
80%
Closely correlated
+2.61%
TNL - BKNG
74%
Closely correlated
+0.39%
ABNB - BKNG
73%
Closely correlated
+2.04%
RCL - BKNG
66%
Closely correlated
+1.11%
TRIP - BKNG
64%
Loosely correlated
+1.23%
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