Sell signal in week 4, 8th straight weekly decline
Booking Holdings slips 3% as the 200-week average turns back the recovery attempt
Our view last week
Booking Holdings stock slips 2.4%, closing a 7th straight losing week: on the daily chart the highs step down from the 203 area to the 173 area, and every bounce is turned back below the 20-day moving average. Compared with a week ago the drop is no longer isolated and the decline has started making lower lows, even as signal strength eases. The technical analysis is weighed down by an ongoing distribution phase; the short is 5.7% in profit, with trading not recommended.
This week's summary
The 200-week moving average, lost a week ago, turned back the recovery attempt: Booking Holdings stock slips 3% and closes its 8th straight losing week. Compared with last week, signal strength is rising again and the decline is holding its pace, with price action carving lower highs from the 182 area down to the 166 area and money flow negative. On the technical analysis the price is now hugging its lows: the short is 8.6% in profit, and for swing trading new entries remain not recommended.
IQS Phase
73
in tension
Signal Strength
57
downtrend making lower lows, pace holding
Sizing
STANDARD
Ranking
#27 / 175
US stocks sell signals
Trade P&L %
+8.57%
from signal to date, no stop loss
Booking (BKNG) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 27th among the 175 sell signals for US stocks in our ranking, with a signal strength of 57 out of 100.
Sector context
SectorConsumer Discretionary
Benchmark ETFXLY
Sector regimeweak phase
Performanceweekly -0.47% · monthly -4.20%
BKNG belongs to the consumer discretionary sector (reference ETF XLY). The sector is classified weak phase according to our weekly reading.
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