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Tag: ABNB

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Airbnb Price Bounces From All-Time Low

AirBnB had its IPO in December 2020 at $145 per share. This IPO was done a few months after the ease of lockdown globally. Price rallied to $219, an all-time high, on February 11 2021. The rally was short-lived as price fell to $129.49 in May 2022, which was below the IPO price. There is a report that indicates that travel around the world is starting to slow because of high energy prices, and consumers are having a second thought before going on vacation. The housing market is currently in turmoil, which could spill over to the AirBnB market.

Monthly Chart

Since the beginning of the year, AirBnB has been down by 32.46%. As a result of the fall, price crossed the $100 psychological level for the first time as it hit $85 in July 2022. Price is consolidating on the weekly chart, as the price of $ABNB is currently at $110.30. A rally to $196 might occur in the coming months.

Daily Chart

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Airbnb Maintains $140 Support Level

On December 10, 2020, Airbnb went public with an IPO price of $146 per share. For the first two months after the IPO, the bulls were in action, rallying the price to an all-time high of $219 per share in February 2021. Following this all-time high was a price slump, with the price closing in May 2021 at $140, a price below the IPO. For the next three months after the price closed below the IPO price, the price ranged between $130 and $155.

Monthly Chart

In September 2021, the price broke out to the upside which initiated a new price rally that allowed the price soar to $212. Despite the gains accrued in the first quarter of the year 2021, the price closed for the year 2021 at $166. January and February 2022 must have made investors even more worried as the two months closed on a bearish note.

Weekly Chart

March, however, has been comparatively more bullish than the first two months of the year 2022. AirBnB’s share price is currently at $175. From a technical analysis standpoint, if the weekly candlestick closes in the upper region of the Bollinger Bands, we might see a bullish run that will shoot the price above $192 per share.

Some of these ideas are in our clients’ portfolios. To understand if this one can work for you or for help to invest your own wealth, talk to our advisors at FM Capital Group. Would you like more information on how to get stocks in your portfolio? Schedule a meeting with us here.

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