Stock of the day: TripAdvisor

TripAdvisor has been locked in a sideways trend for several months, with price movements confined within a defined range since July. The stock has established a clear resistance at $18.17 (marked with yellow) and strong support at $13.30 (marked with blue).

February saw a sharp rejection from the resistance, leading to a decline that recently brought the price back to its long-term support. However, demand appears weak, and there is no strong buying pressure at this level, increasing the likelihood of a bearish breakout.

For a confirmed sell signal, traders should watch for a daily close below $13.30. Until that happens, sentiment remains cautiously positive in the short term, as long as the support holds.

Source: https://www.axiory.com/analytics/stock-of-the-day/stock-of-the-day-tripadvisor