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Technical Analysis: Airbnb Could Be Planning a Trip North as ‘Golden Cross’ Looms

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Like millions of Americans, Airbnb has been cooped up for a long time. But now the room-sharing stock could be planning a trip north.

The first pattern on today’s chart is the 50-day moving average climbing toward the 200-day moving average. At its current pace, a “golden cross” could take place within a week. That may suggest that the longer-term trend is turning positive. The 8-day exponential moving average has also …

For more, please click here to view the related idea and chart analysis on TradingView.

Airbnb (ABNB), daily chart with selected patterns and indicators, courtesy of TradingView.

About the author

David Russell
David Russell is VP of Market Intelligence at TradeStation Group. Drawing on two decades of experience as a financial journalist and analyst, his background includes equities, emerging markets, fixed-income and derivatives. He previously worked at Bloomberg News, CNBC and E*TRADE Financial. Russell systematically reviews countless global financial headlines and indicators in search of broad tradable trends that present opportunities repeatedly over time. Customers can expect him to keep them apprised of sector leadership, relative strength and the big stories – especially those overlooked by other commentators. He’s also a big fan of generating leverage with options to limit capital at risk.

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