Here’s a look at a five-month chart of Priceline (NASDAQ:PCLN) showing how it is exploring the bottom of what’s shaping up to be, at the least, a 5-week sideways trend.

During this period the stock probed resistance at $1362, but failed to break through. Instead it has been soundly rejected, and has spent the last week testing out support at $1265. It ended Thursday’s volatile sell-off at $1276.

If the stock can find support at $1265, it could mean a chance for a 5% bounce to the upper range of the current trend. PCLN might find additional support with the 200-day MA, which ended Thursday at $1251. Below that, $1210 serves as longer term support.

It’s worth noting how PCLN faced a substantial drop following the crossover of its 50-day MA below its 200-day MA. (See gold circle in chart.) This is often a harbinger of a sell-off, same as a crossover of the shorter MA above the longer one often results in a bullish trend. Keep an eye on both averages, as a crossover could be looming.

Let’s call $1362/$1265 as the over/under.

PCLN PayDayCycle Status sits at neutral. With a pair of dojis running, a reversal of the recent 4-day bearish PayDayCycle could be in the works.

PayDayCycles are 4-8 day trends in stocks that help people swing trade. To learn more about PayDayCycles make sure to grab the free Swing Trading Class on the right sidebar.

The MACD ended the day in the green, but remains below the zero line. The lack of trend here mirrors the current tight consolidation phase of the stock’s price action.

Overall, PCLN looks like it continues to be in consolidation mode. However, should tomorrow end in a green candlestick, it might be time to put on a bullish swing trade as the stock bounces off of support and a green bar forms beside the current doji.