Airbnb's stock price (ABNB) slid lower in its latest intraday trading, breaking below the $126.95 support level, accompanied by a significant increase in trading volume a signal that technically validates the breakdown. This drop follows a prior breach of a short-term corrective uptrend line, while continued negative pressure from trading below the 50-day simple moving average further amplifies the bearish outlook.

Therefore, we expect the stock price to decline in upcoming sessions, especially while it remains below the $126.95 level, targeting the next support at $112.55.

Todays price forecast: Bearish.