Technical Analysis – 21 May 2025

Shares closed at a high since February 2025. 20dEMA and 50dEMA just crossed the 200dEMA.
MACD is positive, RSI is constructive.
Long – Entry 980, Target 1080, Stop 930

Shares closed at a high since March 2025. 5dEMA just crossed the 200dEMA and the 20dEMA just crossed the 50dEMA.
MACD is positive, RSI is at an overbought level.
Long – Entry 47, Target 53, Stop 44

Shares closed at a four-month high above the 200dEMA with rising volume. The 20dEMA crossed the 50dEMA.
Both RSI and MACD are constructive.
Long – Entry 2.62 Target 2.82, Stop 2.52

Shares closed at a high since October above the 5dEMA with rising volume. The 50dEMA is about to cross the 200dEMA.
MACD is constructive while RSI is at an overbought level.
Long – Entry 19.9, Target 21.5, Stop 19.1

Trip.com Group Ltd. (TCOM)

1Q25 Revenue: $1.91B, +19.4% YoY, miss estimates by $10M
1Q25 Non-GAAP EPADS: $0.82, beat estimates by $0.05
FY26 Guidance: No guidance provided.
Comment: Trip.com delivered stronger-than-expected earnings, driven by solid travel demand. Revenue rose 19.4% year-over-year, slightly below market expectations, but underpinned by robust momentum in international and domestic travel activity. Notably, overall reservations on the company’s international OTA platform surged over 60% YoY, while inbound travel bookings doubled. Outbound hotel and air ticket bookings have now exceeded 120% of 2019 pre-COVID levels for the comparable period. Management noted that the global travel industry remained resilient in Q1 2025, supported by strong consumer demand and favorable travel policies. Trip.com continues to be well positioned to navigate global macro uncertainties and capitalize on ongoing growth opportunities. The domestic travel demand remained strong during the May Day holidays, and the upcoming peak summer season is expected to further boost travel activity. These favorable trends are expected to support continued topline growth for Trip.com. 2Q25 recommended trading range: $62 to $75. Neutral Outlook.

携程集团(TCOM)

25财年第一季营收：19.1亿美元，同比增长19.4%，低于预期1,000万美元
25财年第一季Non-GAAP每股收益：0.82美元，高于预期0.05美元
26财年指引：未提供指引。
短评：携程第一季度业绩超出预期，主要受益于强劲的出行需求。营收同比增长19.4%，略低于市场预期，但国际与国内旅行活动持续保持良好动能。公司国际OTA平台的整体预订量同比增长超过60%，入境游预订量同比翻倍。出境酒店和机票预订量已超过2019年同期疫情前水平的120%。管理层指出，2025年第一季度全球旅游行业表现出强劲韧性，得益于稳健的消费需求和有利的出行政策。携程有望在全球宏观不确定性中稳健前行，并把握增长机遇。五一假期期间中国旅游需求依然旺盛，预计即将到来的暑期高峰也将带动出行活动进一步回升。上述有利趋势将继续支持携程的营收增长。25财年第二季建议交易区间：62美元至75美元。积极前景。