Sell signal · week 5 · rebound under way
Airbnb gains 2.1% and clears the 164 area averages while the weekly MACD stays weak
Our view last week
After 4 straight down weeks Airbnb bounces 3.1% and reclaims its 20-week moving average, in the 159 area. The rebound stalls under the cluster of daily averages in the 164 area, while the weekly MACD slips below its Signal line after 15 weeks above it. A week ago the decline was making lower lows; now signal strength, falling, reads it as a decline losing steam. On this technical analysis of Airbnb stock the Sell signal stays live, and for swing trading fresh shorts remain not recommended.
This week's summary
Airbnb stock posts a second straight week of recovery: the 2.1% gain lifts price above the daily averages in the 164 area, which had capped the rebound 7 days ago. The weekly MACD is still below its Signal line, though, and the ADX has been falling for 5 weeks. On this technical analysis the Sell signal stays live, with the Inversion Point in the 173 area still some way off; for swing trading among US stocks, the price action so far describes a rebound inside a decline that has lost pace.
IQS Phase
39
ordinary
Signal Strength
2
decline losing steam
Sizing
MINIMUM
Ranking
#127 / 174
US stocks
Trade P&L %
+2.54%
from signal to date, no stop loss
Airbnb (ABNB) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 127th among the 174 sell signals for US stocks in our ranking, with a signal strength of 2 out of 100.
Sector context
SectorConsumer Discretionary
Benchmark ETFXLY
Sector regimein positive regime
Performanceweekly +2.55% · monthly +0.35%
ABNB belongs to the consumer discretionary sector (reference ETF XLY). The sector is classified in positive regime according to our weekly reading.
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