Booking Holdings Inc. Common Stock ($BKNG) Trading Report

October 04, 2023, 23:15 pm ET, BY Thomas Y.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for BKNG

• Buy BKNG slightly over 2979.59 target 3161.21 stop loss @ 2970.98 Details

The technical summary data tells us to buy BKNG near 2979.59 with an upside target of 3161.21. This data also tells us to set a stop loss @ 2970.98 to protect against excessive loss in case the stock begins to move against the trade. 2979.59 is the first level of support below 3046.47 , and by rule, any test of support is a buy signal. In this case, support 2979.59 would be being tested, so a buy signal would exist.

• Short BKNG slightly under 3161.21, target 2979.59, stop loss @ 3170.34 Details

The technical summary data is suggesting a short of BKNG as it gets near 3161.21 with a downside target of 2979.59. We should have a stop loss in place at 3170.34though. 3161.21 is the first level of resistance above 3046.47, and by rule, any test of resistance is a short signal. In this case, if resistance 3161.21 is being tested, so a short signal would exist.

Swing Trading Plans for BKNG

• Buy BKNG slightly over 3091.18, target 3161.21, Stop Loss @ 3082.25 Details

If 3091.18 begins to break higher, the technical summary data tells us to buy BKNG just slightly over 3091.18, with an upside target of 3161.21. The data also tells us to set a stop loss @ 3082.25 in case the stock turns against the trade. 3091.18 is the first level of resistance above 3046.47, and by rule, any break above resistance is a buy signal. In this case, 3091.18, 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 3091.18, target 3019.17, Stop Loss @ 3100.11. Details

The technical summary data is suggesting a short of BKNG if it tests 3091.18 with a downside target of 3019.17. We should have a stop loss in place at 3100.11 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, 3091.18, 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 3065.64, target 3091.18, Stop Loss @ 3058.49 Details

If 3065.64 begins to break higher, the technical summary data tells us to buy BKNG just slightly over 3065.64, with an upside target of 3091.18. The data also tells us to set a stop loss @ 3058.49 in case the stock turns against the trade. 3065.64 is the first level of resistance above 3046.47, and by rule, any break above resistance is a buy signal. In this case, 3065.64, 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 3065.64, target 3019.17, Stop Loss @ 3072.79. Details

The technical summary data is suggesting a short of BKNG if it tests 3065.64 with a downside target of 3019.17. We should have a stop loss in place at 3072.79 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, 3065.64, 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.

Check the time stamp on this data. Updated AI-Generated Signals for Booking Holdings Inc. Common Stock (BKNG) available here: BKNG.

BKNG Ratings for October 04:

Term →	Near	Mid	Long
Rating	Neutral	Weak	Strong
P1	0	0	2979.59
P2	3012.22	3019.17	3161.21
P3	3065.64	3091.18	3347.86

AI Generated Signals for BKNG

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This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in Booking Holdings Inc. Common Stock (NASDAQ: BKNG) while incorporating prudent risk controls. 

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.