Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Hotel Operators have been criticized for displaying the wrong amount of fees and misleading advertisements.</a> </li> 
 <li> <span>2</span> <a>The share price of Airbnb has been declining for the last few days.</a> </li> 
</ul> 
<p>ABNB Inc. is one of the most popularly known companies for booking homestays and hotels. The company was founded in the year 2008 in San Fransisco. The company was founded by Brian Chesky. He is also the CEO of the company. It has more than 6.8K employees. The company operates in multiple countries but has suspended its business in Russia and Belarus due to multiple sanctions.</p> 
<p>Lane says that the demand is still rising every month following the revenue and booking of the company. The company also does not get much impact due to COVID-19. The company has an EPS of 3.19 and the beta for the share is 1.30 which indicates that the price moves more than the market as a whole.</p> 
<p>The ABNB share has given a return of 27.46% last year and has advanced by 94% since its IPO. It has resulted in an advance of 42.5% in the market cap of the company year-on-year following Q2 2023.</p> 
<p>Investors are ready to pay higher prices for ABNB shares as the price-to-earnings ratio of the company is 38.90. The ROE of the company is 42.90% following an operating margin of 21.05%.</p> 
<h2 class="wp-block-heading" id="strong-airbnb-inc-stock-performance-analysis-strong"><strong>Airbnb Inc. Stock Performance Analysis</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full"> 
  <img decoding="async" loading="lazy" width="618" height="199" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-811.png" alt="Why are Hotel Booking Companies Like ABNB Shares Declining?" class="wp-image-171252" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-811.png 618w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-811-300x97.png 300w" sizes="(max-width: 618px) 100vw, 618px"> 
  <figcaption class="wp-element-caption">
    Source: <a href="https://in.tradingview.com/symbols/NASDAQ-ABNB/" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>The company’s profit has highly advanced as compared to last year following a net income of 23% of the total revenue resulting in $1.89B. The company’s revenue has been consistently advancing for many years, except the year 2020 during the COVID-19 pandemic. It shows that the company can show sustainable growth in the future.</p> 
<h3 class="wp-block-heading" id="strong-technical-overview-of-abnb-stock-strong"><strong>Technical Overview of ABNB Stock</strong></h3> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="271" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-810-1024x271.png" alt="Why are Hotel Booking Companies Like ABNB Shares Declining?" class="wp-image-171251" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-810-1024x271.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-810-300x79.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-810-768x203.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-810-750x198.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-810-1140x301.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-810.png 1263w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: Tradingview 
  </figcaption> 
 </figure> 
</div> 
<p>Due to the recent fall in the share price of Airbnb share, most of the technical indicators like MAs and oscillators are bearish on the daily timeframe. The company has strong fundamentals to sustain in the future but due to recent issues, the experts are neutral on the stock. The price also has advanced to higher levels which needs a good correction.</p> 
<h3 class="wp-block-heading" id="strong-abnb-share-technical-analysis-strong"><strong>ABNB Share Technical Analysis</strong></h3> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="464" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-809-1024x464.png" alt="Why are Hotel Booking Companies Like ABNB Shares Declining?" class="wp-image-171250" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-809-1024x464.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-809-300x136.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-809-768x348.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-809-750x340.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-809-1140x517.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-809.png 1281w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source : ABNB: 1D: NASDAQ 
  </figcaption> 
 </figure> 
</div> 
<p>The Airbnb share price has been following an uptrend for a long time. Recently, the price has been unable to break above the recent swing high trading inside a rising wedge pattern. The stock is also making bearish candlestick patterns. It indicates the presence of sellers in the market and can lead to a downtrend.</p> 
<p>On the daily timeframe, the ABNB share is following a golden cross. The share price is below the 50-day EMA. This price decline represents a weakness in the existing trend. If the breaks below the 200-day EMA, it may lead to a change in trend.</p> 
<p>The RSI of the <a href="https://www.thecoinrepublic.com/2023/09/11/abnb-stock-price-prediction-can-airbnb-price-touch-new-highs/" target="_blank" rel="noopener noreferrer nofollow">Airbnb </a>Inc. stock has declined below the 50 level. It is currently trading at a level of 39.52, indicating weakness in the momentum. It defines the presence of sellers in the stock.</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>The company is reliable for long-term sustainability and the fundamentals are also strong. <a href="https://www.thecoinrepublic.com/2023/09/11/abnb-stock-price-prediction-can-airbnb-price-touch-new-highs/" rel="noopener noreferrer nofollow">Airbnb </a>has a very good demand in the market. As the share price has advanced to higher levels, the current decline can be a retracement on the larger timeframe. The technicals for the stock are currently negative. The RSI is indicating a sell signal while the EMA is uncertain.</p> 
<p>Therefore, the share price is expected to decline to lower levels in a short period.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li>Support levels for the ABNB share are – $82.00 and $104.00</li> 
 <li>Resistance levels for the ABNB share are – $154.00 and $172.00</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The information provided in this article, including the views and opinions expressed by the author or any individuals mentioned, is intended for informational purposes only. It is important to note that the article does not provide financial or investment advice. Investing or trading in cryptocurrency assets carries inherent risks and can result in financial loss.</p>

Why are Hotel Booking Companies Like ABNB Shares Declining?

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