Travel + Leisure Co

TNL remains in a Stage 2 advancing regime with a clear HH/HL sequence above its rising 50 DMA, though mid-July’s Bullish Exhaustion pattern and a failure at the 9/21 EMAs signal caution. The long-term trend is up, medium-term structure favors continuation after shallow pullbacks, and short-term momentum is unfavorable for immediate entry. Execution will be deferred, stalking pullbacks into the 50 DMA and prior higher-low zone for optimal engagement.

• ↑Q1 2026 revenue rose 3% YoY to $961M; adjusted EBITDA +11% to $225M
• ↑EPS grew 31% to $1.45; free-cash-flow conversion ~50% of EBITDA supports reinvestment
• ↓Travel & Membership segment revenues are declining amid structural exchange changes