Score 9 (out of 10): BOOKING HOLDINGS INC poised to seasonally rally by +8.8% during the next 90 days.

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What’s Going On Here?

BOOKING the online travel company, has agreed to acquire Etraveli Group from funds managed by the buyout group CVC Capital Partners for approximately $1.83bn. The deal is still contingent on certain closing conditions, including regulatory approval. Etraveli provides global flight booking services.

Why Now?

BOOKING HOLDINGS INC indicates an interesting 90 days seasonal set up. During similar occasions, BOOKING HOLDINGS INC shares had a median return of +8.8% – 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 9 (out of 10). This insight was generated with last price of 2341.13.

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 Moderate Risk. ‘Wall Street’ analysts think the stock price will be worth 16.9% more (average). Ticker symbol: BKNG US.

What’s My Risk / Reward and Time Horizon?

We found 90 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 2547.09 (+8.8%) 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 2176.83 (last price at 2341.13), which is equivalent to a -7% 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:

14% (November-2021), 5.8% (November-2020), 10.4% (November-2019), 7.4% (November-2018), 7.6% (November-2017), 0.9% (November-2016), -1.7% (November-2015), 12.2% (November-2014), 10% (November-2013), 20.2% (November-2012)

Historical Chart:

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Summary:

NameBOOKING HOLDINGS INC
ViewUp
Star (1 to 10)9
Target+8.8%
Time90 days
Hit Rate90%

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