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SHORT Trading Signal Booking Holdings Inc - BKNG

US Stock Price Signals and Analysis

Good Morning Traders,

Today, September 22,  Lift-Off offers a SHORT trading signal on the US stock Booking Holdings Inc (Ticker: BKNG) listed on the NASDAQ and part of the S&P500 index.

The stock touched its all-time high in February 2022,  surpassing  the $2700 per share price.

Yesterday it closed at $1806.70 per share, marking a -4.74%

The company operates in the "Consumer Services" sector specifically in the "Other Consumer Services" Industry

Given the current macro economic data that hints at a recession, and the tightening of the FED's monetary policies, communicated yesterday with the raising of interest rates, the stock, which deals with travel, could experience a drop in price.

The current price is slightly undervalued relative to its intrinsic value, its financial data is robust and very good, but with little growth for the next 3 years or so.

Below chart of Booking Holdings Inc - BKNG- with the signal detected by Lift-Off

Some information about Booking Holdings Inc

Booking Holdings, Inc. engages in the provision of online travel and related solutions. 

The company offers services through the following brands: Booking.com, KAYAK, Priceline, Agoda, Rentalcars.com and OpenTable. 

Provides lodging reservations including hotels, hostels, apartments, vacation rentals and other properties with attached flights and transportation

The company was founded by Jay Scott Walker on July 18, 1997 and is headquartered in Norwalk, CT.

Financial Overview: BKNG's current market capitalization is $77,047B USD. The next earnings release date for Booking Holdings Inc. Common Stock is November 2. The estimate is US$49.51.

Accounts, including revenue, expenses, profit and loss: BKNG's total revenue for the latest quarter is US$4.29B, up 59.33% from the previous quarter. Net income in Q2 22 is 857.00M USD.

Overview data and accounts source: Tradingview.com

Signal Chart September 22, 2022

SHORT - Booking Holdings Inc - BKNG

Input Price: $1806.70 (and any opening price)

Area Stop loss or adjustment (partial stop close): $2000.00

Area Take profit 1: $1680 half position close and stop at 0

Area Take profit 2: no target