Score 8.4 (out of 10): EXPEDIA GROUP INC sets up for +12.8% rally in 1 month

56

What’s Going On Here?

Summer is coming and pent up demand might still help travel companies. Expedia, with its online presence, might be in a good spot.

Why Now?

EXPEDIA GROUP INC has triggered a new technical analysis ‘rally reversal’ signal. During similar occasions, EXPEDIA GROUP INC shares had a median return of +12.8%, over the following 1 month – based on 10 historical occasions with 9 of those showing positive returns (90%). This buy signal for EXPEDIA GROUP INC received a high score of 8.4 (out of 10). This insight was generated on 2022-March-23 with last price of 186.94.

What’s This Company About?

EXPEDIA GROUP INC is in the E-Commerce/Services business. Based on the last 2 years’ risk/return profile, this asset is seen as Less Risky. ‘Wall Street’ analysts think the stock price will be worth +17% (average). Ticker symbol: EXPE US.

What’s My Risk / Reward and Time Horizon?

We found 1 month to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 210.94 (+12.8%) has been reached. Based on EXPEDIA GROUP INC’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 175.44 (last price at 186.94), which is equivalent to a -6.2% decline.

Returns during similar periods:

The chart above shows the previous returns (in %) based on similar setups with the most recent ‘insight’ shown under (1), the second most recent ‘insight’ under (2), etc.

Previous episodes:

19.3% (September-2021), – 2.3% (July-2021), 0.3% (May-2021), 35.6% (October-2020), 15.2% (July-2020), 31.6% (April-2020), 10.5% (November-2019), 3% (August-2019), 16.1% (June-2019), 6.5% (April-2019).

Historical Chart:

Summary:

NameEXPEDIA GROUP INC
ViewUp
Star (1 to 10)8.4
Target+12.8%
Time1 month
Hit Rate90%

———————————————————————

Leave a Reply