Airbnb: buy signal, week 2, price coiled near the highs
Airbnb closes flat (-0.2%), pinned near the highs after a double bottom in the 128 area
Airbnb: buy signal, week 2, price coiled near the highs
Our view last week
Airbnb opens its confirmation week on a positive note: the buy signal holds, with the setup quality indicator at 70 out of 100 and a signal strength of 55 out of 100, a medium-conviction profile. The stock ranks 64th among the 125 buy positions already open on US stocks. The price, though, is hugging its all-time highs, with little room before the next resistance: better to wait for a pullback than to chase it.
This week's summary
Airbnb shares closed the week almost flat, -0.2%, but the technical picture stays lively underneath: the daily chart carved out a double bottom in the 128 area with an 8% rebound, and the price is now boxed into a tight band between the 148 and 150 areas, a step away from its recent highs. The buy signal is in its second week, with the first confirmation closing positive: the setup quality indicator climbs to 73 out of 100, in tension, while signal strength holds medium, 55 out of 100.
IQS Phase
73
in tension
Signal Strength
55
medium
Sizing
STANDARD
Ranking
#65 / 129
US stocks in progress
Trade P&L %
+2.10%
from signal to today
restricted Platinum content