Based on the analysis of news sentiment, technical indicators, and fundamental data, here is the prediction for Booking Holdings (BKNG) for the next trading week:
Price Trends:
BKNG has shown a bullish trend over the past few weeks, with the price currently trading above the 20-day moving average. The stock closed at $4617.26 on March 21, 2025.
RSI (Relative Strength Index):
The RSI for BKNG is currently at 46.36, indicating that the stock is not oversold and has room for further upside.
MACD (Moving Average Convergence Divergence):
The MACD line is slightly below the signal line, but the divergence is narrowing, suggesting a potential bullish reversal.
Fibonacci Levels:
The Fibonacci resistance levels are at $4701.36, and the support level is at $4470.66. The stock is currently trading near the pivot level of $4613.26.
Positive News:
Challenges:
Based on the technical and fundamental analysis, BKNG is expected to test the Fibonacci resistance level of $4701.36 in the next trading week. If the stock breaks above this level, it could reach $4843.95. Conversely, if it fails to break out, it may consolidate near the support level of $4470.66.
Exact Price Prediction:
Recommendation:
Buy BKNG at the current level ($4617.26) with a target price of $4843.95. Monitor the Fibonacci resistance level closely for potential breakout opportunities.
The price of BKNG is predicted to go up 4.97%, based on the high correlation periods with RDY. The similarity of these two price pattern on the periods is 97.63%.
BKNG
RDY
Year
BKNG Price Forecast($)
Potential Return(%)
2025
6,300.000
28.470
2026
6,000.000
19.620
2027
7,200.000
43.540
2028
7,500.000
49.520
2029
7,500.000
49.520
2030
8,500.000
69.460
Emerging markets should see strong online travel booking growth over the next 10 years, given low penetration levels and increased online usage, and Booking is well positioned.
Mobile application usage is increasing rapidly and Booking has a dominant global position, which aids the more than 50% of room nights that we estimate come from direct traffic.
Booking is strengthening its network effect through organic initiatives and in fast-growing markets like experiences, vacation rentals, flights, and payments, resulting in a fully connected trip.
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Price Target
$4,900 → $5,540
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DA Davidson
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