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.
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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.
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Photo: Shutterstock
愛彼迎股票(納斯達克: ABNB)現在超賣,價格已降至之前的支撐水平。在過去的幾天裏,該股票的交易量也很大。
這三個因素意味着該股票很可能會恢復並上漲。因此,我們的交易專家團隊將其選爲我們今日之股。
「超賣」一詞是指股票的動量。動量衡量股票在給定期間內的價格變動。
股票大部分時間都在它們的典型或平均交易區間內。但是,如果有大量賣壓推動股票下跌至此範圍以下的水平,則交易員會說它們正在超賣。
這些情況可以吸引買家進入市場。他們將期待回歸到均值或重新進入交易範圍。他們的買入可能會推高價格。
ABNB也已經達到了先前支撐的價格水平。正如您在圖表上看到的,該股票在2023年11月初的115美元的水平找到了支撐。
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通常在價格水平上有支撐是由於賣方的後悔。有些交易員和投資者在價格上升之後後悔了賣出的決定。
其中許多後悔的賣家決定如果能以賣出的價格重新購回他們的愛彼迎股票,他們會這樣做。
因此現在價格又回到了這個水平,他們正在下買單。這些訂單的大量集中又再次在115美元左右形成了支撐。
第三個可能看好的因素是已經交易的大量股票。這可能表明賣方已經投降。
許多交易員和投資者希望出售股票,但由於股票持續下跌而感到沮喪。最終,他們中的許多人決定無論價格如何都出售股票。這導致了大量的成交量。
如果買家開始進入市場,他們將很難找到購買者。賣家已經結束了。因此,他們將需要出高價吸引賣家重返市場。這可能迫使股票進入新的上升趨勢。
這種超賣、支撐和可能的投降組合可能都是對ABNB的看好。這隻股票可能即將上漲。
閱讀下文:
- Benzinga的「股票低語」指數:5只股票是投資者祕密監控但尚未討論的。
Photo: shutterstock