TripAdvisor Inc. (TRIP) is coming down from a large top formation. Along with a downgrade from TheStreet Ratings, that creates a negative combination.
In this daily chart of TRIP, above, you can see a June/July peak in price and in the On-Balance-Volume (OBV) line. TRIP had a recovery between October and December from a September low, but prices rapidly moved down in January.
The Moving Average Convergence Divergence (MACD) oscillator is bearish and there was a death cross (50-day moving average declining below the 200-day average) in February.
This longer-term chart of TRIP, above, is not encouraging. Draw an imaginary line across the $65 level. With the decline below $65, the price action above that point now looks like a long-term price top. Prices are below the declining 40-week moving average, which is negative. The OBV line is neutral on this time frame, but the MACD oscillator is bearish.
You need to look all the way back to 2012 to find potential support for TRIP -- round the $45 area. TRIP could continue to bounce, or rebound slightly from its sharp decline, but a durable price bottom may not develop until we retest the $45 area.