Airbnb stock: buy or sell
Updated on:
Apr 22nd, 2021
1
Airbnb stock brief
- Airbnb, Inc., together with its subsidiaries, operates a platform for stays and experiences to guests worldwide.
Should I buy Airbnb stock?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $ABNB stock a buy?
Currently, Airbnb stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean $ABNB will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Airbnb stock?
When is it time to sell Airbnb stock?. Similarly to when we have to buy shares, determining when is appropiate to sell is not a capricious decision, and we must adhere our own trading style. Our trading system selects very simple setups to guide us on when is a good time to sell our shares. Be aware that these setups should not be used for shorting $ABNB stock
As a rule of thumb, you must never hold a trade that shows a higher than expected losses at the time of the buy. The moment to sell your stock always has to be determined by the stop-loss (automatic or manual)
Is it time to sell Airbnb stock?
Currently, Airbnb stock doesn't match any of our preferred sell setups, so if you hold Airbnb stock and your operation is in profit probably is not time to sell now
Airbnb ratings
In the last 30 days, 3 brokerage ratings were published for Airbnb. General sentiment is bullish, with 2 out of 3 posting positive forecasts
| Brokerage firm | Rating |
|---|---|
| Apr 1st, 2021 | |
| Wolfe Research | |
| Apr 5th, 2021 | |
| Evercore ISI | Buy |
| Apr 13th, 2021 | |
| Evercore ISI | Buy |
Airbnb stock analysis
SMAs overview
Supports and resistances
The current resistance levels are:
The current support levels are:
Bollinger bands
When the price moves out of the band (above the upper line or below the lower line) it tells that the stock is maintaining a very strong trend and therefore can correct the trend to the average. For this case, the price is below the upper band, which should mean a possible short-term bounce off (at least) until it is back above the band
Relative strength index
When the moves for so long below 70 and above 30, without indicating moments of overbought and oversold, the indicator loses its usefulness, and we currently are in one of these situations.
Airbnb stock price history
Airbnb went public on Dec 10th, 2020 priced at $146.00 per share1. Since then, ABNB stock surged by 14.43%, with an average of inf% per year. An investment of thousand dollars on Dec 2020 would be valued $1,144.32 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Airbnb stock
How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations issue their analysis forecasting how a stock will performance in the future.
Along with buy or sell recommendations, financial institutions post their price target based on the stock price action and the company fundamental data. Most of these forecasts follow the publication of new fundamental data by the company, and usually. If you are a small trader you don't have to trade based on these projections.
There are 2 price forecasts issued for Airbnb that average $212.50. Airbnb closed at $167.07 on Wednesday, that is a 21.38% than the predicted price.
| Brokerage firm | Price target |
|---|---|
| Apr 1st, 2021 | |
| Wolfe Research | $180.00 |
| Apr 5th, 2021 | |
| Evercore ISI | Not available |
| Apr 13th, 2021 | |
| Evercore ISI | $245.00 |
Earnings and financials
Airbnb ($ABNB) hosted the shareholders event and released the report last February. Airbnb surpassed consensus earnings estimates and posted of $-2.43, that is a 73.47% better than expected compared to the previous estimates of $-9.16. In line, reported sales were $859.3 million versus estimates of $747.6 million.
Airbnb ($ABNB) is releasing earnings report.
In case you are a shareholder of Airbnb stock, you should review your stop-loss, as earnings release day has higher than usual volatility. You can uncover more information about the earnings conference call and the earnings reports on the Investor Relations section of its website: http://www.airbnb.com.
Airbnb performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Airbnb ($ABNB) | -14.50% | 1.30% | -14.60% |
Please read:
The viewpoints published in this article are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this article does not know the particular positions of the reader, his or her financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are posted for educative reasons onlyAirbnb summary
| Wednesday, April 21st, 2021 | |
|---|---|
| Open | $168.09 |
| Close | $167.07 |
| Day range | $164.12 - $170.32 |
| Previous close | $169.57 |
| Session gain | -1.47% |
| Average true range | $7.77 |
| 50d mov avg | $189.77 |
| 100d mov avg | $176.53 |
| 200d mov avg | $0.00 |
| Earnings date | December 31st, 1969 |