Score 8.7 (out of 10): BOOKING HOLDINGS poised to seasonally rally by +10% during the next 60 days

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What’s Going On Here?

According to the JP Morgan analyst, BOOKING Holdings is the best-positioned play on an expected recovery in global travel in 2022. The gap between Wall Street analysts price estimate is currently +15% and relatively wide compared to history. Eventually declining COVID cases could help the stock to close this gap.

Why Now?

BOOKING HOLDINGS INC indicates an interesting 60 days seasonal set up. During similar occasions, BOOKING HOLDINGS INC shares had a median return of +10% – based on 10 historical occasions with 9 of those showing positive returns (90%). This buy signal for BOOKING HOLDINGS INC received a high score of 8.7 (out of 10). This insight was generated with last price of 2402.25.

What’s This Company About?

BOOKING HOLDINGS 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 14.9% more (average). Ticker symbol: BKNG US.

What’s My Risk / Reward and Time Horizon?

We found 60 days 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 2643.64 (+10%) has been reached. Based on BOOKING HOLDINGS INC’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 2198.85 (last price at 2402.25), which is equivalent to a -8.5% 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’ shown under (2), etc. 

Previous episodes:

16.3% (December-2021), -4.8% (December-2020), 16% (December- 2019), 6% (December-2018), 9.8% (December-2017), 0.5% (December-2016), 5.9% (December- 2015), 10.9% (December-2014), 10.3% (December-2013), 20.9% (December-2012)

Historical Chart:

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Summary:

NameBOOKING HOLDINGS INC
ViewUp
Star (1 to 10)8.7
Target+10%
Time60 days
Hit Rate90%

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