EXPEDIA special report based On 1.00 Lot Calculation:
Global Online Travel Booking Service Market:
- MARKET SIZE: The industry was $519.1 billion in 2021.
- MARKET GROWTH: The online booking segment is expected to grow at a compounded annual growth rate of 10.7% per year between 2022 and 2030.
Expedia (ANALYSIS AND EVENTS)
- THE COMPANY: Expedia is a global online travel company that books airline reservations, hotel accommodations, cruises, car rentals, and other trips through several online websites including its flagship brand Expedia.com.
- EARNINGS GROWTH and FUNDAMENTALS: Expedia’s financial performance is at pre-pandemic profitability. Expedia’s management is confident that the numbers will improve in the near future. Travel within and to and from China is expected to increase in 2023 since they have emerged from pandemic restrictions.
- ANALYSIS: People are ready to travel, for both leisure, now that the pandemic is over. The Global Hotel Alliance reports that “Travel sentiment is positive with more than half of respondents in every market comfortable with the thought of traveling internationally in 2023.” Many of those surveyed are planning up to six trips in 2023. In China, "Ctrip.com said air travel searches jumped 900% on Dec. 7, the day the government announced the dismantling of most Covid restrictions, including mass testing and snap lockdowns,"
- TECHNICAL ANALYSIS: Daily and Weekly technical indicators, the RSI and Stochastic, are indicating oversold, and the stock may be poised for a reversal.
- ANALYST OPINION: The consensus 12-month target is $134.21, according to Bloomberg. BTIG set a price target of $150 on March 3rd, 2023. Bernstein set a price target of $115 on March 6th, 2023. and Credit Suisse reiterated its target of $174 on February 10, 2023. Goldman Sachs set a price target of $167 on February 10th, 2023.
- UPSIDE POTENTIAL: Expedia’s current price would need to rise over 90% to reach its all-time high ($195.67: February 2022).
(#EXPEDIA), March 14th, 2023
Current Price:95.00
|
Expedia |
Weekly |
|
Trend direction |
|
|
125.00 |
|
|
115.00 |
|
|
103.00 |
|
|
88.00 |
|
|
80.00 |
|
|
70.00 |
Example of calculation base on weekly trend direction for 1.00 Lot1
|
Expedia |
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|
Pivot Points |
||||||
|
Profit or loss in $ |
30,000.00 |
20,000.00 |
8,000.00 |
-7,000.00 |
-15,000.00 |
-25,000.00 |
|
Profit or loss in €2 |
28,011.20 |
18,674.14 |
7,469.65 |
-6,535.95 |
-14,005.60 |
-23,342.67 |
|
Profit or loss in £2 |
24,679.17 |
16,452.78 |
6,581.11 |
-5,758.47 |
-12,339.59 |
-20,565.98 |
|
Profit or loss in C$2 |
41,205.00 |
27,470.00 |
10,988.00 |
-9,614.50 |
-20,602.50 |
-34,337.50 |
- 1.00 lot is equivalent of 1000 units
- Calculations for exchange rate used as of 10:56 (GMT) 14/03/2023
Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Senior Account ManagerClient Manager regarding their use.
- You may wish to consider closing your position in profit, even if it is lower than suggested one.
- Trailing stop technique can protect the profit – Ask your Senior Account ManagerClient Manager for more details.