Booking Holdings Inc. Common Stock BKNG Investment Analysis

October 12, 2022, 20:00 pm ET, BY Patrick- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

With an objective approach to Booking Holdings Inc. Common Stock (NASDAQ: BKNG), Stock Traders Daily attempts to go with the flow of the market by utilizing a combination of market analysis and stock analysis.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for BKNG change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if BKNG is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for BKNG too.  All of these are offered below the Summary Table.

Longer Term Trading Plans for BKNG

• Buy BKNG slightly over 1611.46 target 1847.26 stop loss @ 1606.81 Details

The technical summary data tells us to buy BKNG near 1611.46 with an upside target of 1847.26. This data also tells us to set a stop loss @ 1606.81 to protect against excessive loss in case the stock begins to move against the trade. 1611.46 is the first level of support below 1675.01 , and by rule, any test of support is a buy signal. In this case, support 1611.46 would be being tested, so a buy signal would exist.

• Short BKNG slightly under 1847.26, target 1611.46, stop loss @ 1852.59 Details

The technical summary data is suggesting a short of BKNG as it gets near 1847.26 with a downside target of 1611.46. We should have a stop loss in place at 1852.59though. 1847.26 is the first level of resistance above 1675.01, and by rule, any test of resistance is a short signal. In this case, if resistance 1847.26 is being tested, so a short signal would exist.

Swing Trading Plans for BKNG

• Buy BKNG slightly over 1704.07, target 1847.26, Stop Loss @ 1699.15 Details

If 1704.07 begins to break higher, the technical summary data tells us to buy BKNG just slightly over 1704.07, with an upside target of 1847.26. The data also tells us to set a stop loss @ 1699.15 in case the stock turns against the trade. 1704.07 is the first level of resistance above 1675.01, and by rule, any break above resistance is a buy signal. In this case, 1704.07, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short BKNG slightly near 1704.07, target 1644.93, Stop Loss @ 1708.99. Details

The technical summary data is suggesting a short of BKNG if it tests 1704.07 with a downside target of 1644.93. We should have a stop loss in place at 1708.99 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 1704.07, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for BKNG

• Buy BKNG slightly over 1704.07, target 1847.26, Stop Loss @ 1700.09 Details

If 1704.07 begins to break higher, the technical summary data tells us to buy BKNG just slightly over 1704.07, with an upside target of 1847.26. The data also tells us to set a stop loss @ 1700.09 in case the stock turns against the trade. 1704.07 is the first level of resistance above 1675.01, and by rule, any break above resistance is a buy signal. In this case, 1704.07, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short BKNG slightly near 1704.07, target 1661.78, Stop Loss @ 1708.05. Details

The technical summary data is suggesting a short of BKNG if it tests 1704.07 with a downside target of 1661.78. We should have a stop loss in place at 1708.05 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 1704.07, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

BKNG Ratings for October 12:

Term →	Near	Mid	Long
Rating	Weak	Weak	Weak
P1	0	0	1611.46
P2	1630.04	1644.93	1847.26
P3	1661.78	1704.07	2090.15

Support and Resistance Plot Chart for BKNG

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