Sixth week of the buy signal, earnings just ahead
Booking Holdings stock jumps 8.7% toward a breakout, with earnings landing this week
Sixth week of the buy signal, earnings just ahead
Our view last week
Booking Holdings shares slip 2.3% this week while the Consumer Discretionary sector drops a sharper 5.22%: the relative strength holds up, same as last week. Price is pinned in a tight band between the 20-day moving average and the daily pivot line, almost overlapping in the 177 area. In our weekly technical analysis the buy signal is in its fifth week, signal strength at 70 out of 100, the stop already at breakeven, while the weekly ADX and MACD lose steam.
This week's summary
Booking Holdings shares close the week up 8.7%, pushing the price close to the 7-day high: the breakout is one step away, right as earnings land on August 4. The buy signal is in its 6th week, with the trade already up 12.3% and signal strength at 70 out of 100. Weekly technical analysis: clean bullish structure, no components flagging concern.
IQS Phase
72
in tension
Signal Strength
70
high · wide move
Sizing
FULL
Ranking
#16 / 120
US stocks in progress
Trade P&L %
+12.29%
from signal to date, no stop loss
Rank position
ranks 16th among the 120 Longs already running for US stocks in our ranking, with a signal strength of 70 out of 100.
Sector context
SectorConsumer Discretionary
Benchmark ETFXLY
Sector regimein positive regime
Performanceweekly +6.11% · monthly -1.69%
BKNG 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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