Score 9.2 (out of 10): AIRBNB INC-CLASS A sets up for +11.7% rally in 2 weeks

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What’s Going On Here?

AIRBNB noted that Q4 Thanksgiving bookings were +40% higher than the level seen in 2019. The company went public less than a year ago but release record revenue and profit in Q3. Gross bookings increased +49% Year over Year to $11.9bn, less than consensus of $12.2bn. Revenue beat expectations by growing +67%.

Why Now?

AIRBNB INC-CLASS A has successfully tested a support level. During similar occasions, AIRBNB INC- CLASS A shares had a median return of +11.7%, over the following 2 weeks – based on 2 historical occasions with 2 of those showing positive returns (100%). This buy signal for AIRBNB INC-CLASS A received a high score of 9.2 (out of 10). This insight was generated on 2021- November-23 with last price of 181.73.

What’s This Company About?

AIRBNB INC-CLASS A 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 7.2% more (average). Ticker symbol: ABNB US.

What’s My Risk / Reward and Time Horizon?

We found 2 weeks 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 202.94 (+11.7%) has been reached. Based on AIRBNB INC-
CLASS A’s recent up and down swings, LongShortBets suggests considering to set a stop loss
level for this insight at 160.33 (last price at 181.73), which is equivalent to a -11.8% decline.

Historical Chart:

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Summary:

NameAIRBNB INC-CLASS A
ViewUp
Star (1 to 10)9.2
Target+11.7%
Time2 weeks
Hit Rate100%

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