Shares of Airbnb, Inc. (NASDAQ:ABNB) are oversold and at a price level that was previously support. The stock also has had a huge amount of trading volume over the past few days.
These three dynamics mean there's a good chance the shares are about to recover and rally. Because of this, our team of trading experts has made it our Stock of the Day.
The term "oversold" refers to a stock's momentum. Momentum measures how far a price has moved in a given period.
Stocks spend most of their time within their typical or average trading range. But if there is aggressive selling that pushes the shares below this range, traders say that they are oversold.
These conditions can draw buyers into the market. They will be expecting a reversion to the mean or move back up into the trading range. Their buying could push the price higher.
ABNB is also at a price level that has previously been support. As you can see on the chart, the stock found support in early November 2023 at the $115 level.
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240810/0-48d9a2bca996867912e9207dfceaf284-0-ec75c0ea81a25df1f3989993c5af7bc5.png/big)
ABNB) " class="wp-image-487498" srcset=" 1024w, 300w, 768w, 1036w" sizes="(max-width: 1024px) 100vw, 1024px" />
Read Also: Five9 Faces Revenue Slowdown, Yet Analysts See Profitability And AI Potential As Key Upsides
There tends to be support at price levels that had been previous support due to seller's remorse. There are traders and investors who came to regret their decision to sell after the price moved higher.
Many of these remorseful sellers decided they would buy their Airbnb shares back if they can do so at the same price they were sold for.
So, now that the price has dropped back to this level, they are placing buy orders. This large concentration of these orders has created support once again around the $115 level.
The third dynamic that is potentially bullish is the large amount of volume that has traded. This could signal a capitulation on the part of the sellers.
Many of the traders and investors who wished to sell became frustrated because the shares kept moving lower. Many of them finally threw in the towel and decided to sell their shares regardless of the price. This results in large amounts of volume trading.
If buyers start coming into the market, they will have a hard time finding people to buy from. The sellers are finished. As a result, they will need to bid premiums to draw sellers back into the market. This could force the shares into a new uptrend.
This combination of being oversold, at support, and having a possible capitulation could all be bullish for ABNB. The stock may be about to move higher.
Read Next:
- Benzinga's 'Stock Whisper' Index: 5 Stocks Investors Secretly Monitor But Don't Talk About Yet
Photo: Shutterstock
爱彼迎股票(纳斯达克: ABNB)现在超卖,价格已降至之前的支撑水平。在过去的几天里,该股票的交易量也很大。
这三个因素意味着该股票很可能会恢复并上涨。因此,我们的交易专家团队将其选为我们今日之股。
“超卖”一词是指股票的动量。动量衡量股票在给定期间内的价格变动。
股票大部分时间都在它们的典型或平均交易区间内。但是,如果有大量卖压推动股票下跌至此范围以下的水平,则交易员会说它们正在超卖。
这些情况可以吸引买家进入市场。他们将期待回归到均值或重新进入交易范围。他们的买入可能会推高价格。
ABNB也已经达到了先前支撑的价格水平。正如您在图表上看到的,该股票在2023年11月初的115美元的水平找到了支撑。
![大](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240810/0-48d9a2bca996867912e9207dfceaf284-0-ec75c0ea81a25df1f3989993c5af7bc5.png/big)
ABNB)" class="wp-image-487498" srcset="1024w, 300w, 768w, 1036w" sizes="(max-width:1024px)100vw, 1024px" />
Read Also: Five9面临营收放缓,但分析师认为盈利能力和人工智能潜力是关键优势
通常在价格水平上有支撑是由于卖方的后悔。有些交易员和投资者在价格上升之后后悔了卖出的决定。
其中许多后悔的卖家决定如果能以卖出的价格重新购回他们的爱彼迎股票,他们会这样做。
因此现在价格又回到了这个水平,他们正在下买单。这些订单的大量集中又再次在115美元左右形成了支撑。
第三个可能看好的因素是已经交易的大量股票。这可能表明卖方已经投降。
许多交易员和投资者希望出售股票,但由于股票持续下跌而感到沮丧。最终,他们中的许多人决定无论价格如何都出售股票。这导致了大量的成交量。
如果买家开始进入市场,他们将很难找到购买者。卖家已经结束了。因此,他们将需要出高价吸引卖家重返市场。这可能迫使股票进入新的上升趋势。
这种超卖、支撑和可能的投降组合可能都是对ABNB的看好。这只股票可能即将上涨。
阅读下文:
- Benzinga的“股票低语”指数:5只股票是投资者秘密监控但尚未讨论的。
Photo: shutterstock