eBay Inc. Stock Forecast
eBay Inc. stock upgraded to Buy Candidate.
(Updated on Apr 26, 2024)
The eBay Inc. stock price gained 1.32% on the last trading day (Friday, 26th Apr 2024), rising from $51.34 to $52.02. During the last trading day the stock fluctuated 1.93% from a day low at $51.20 to a day high of $52.19. The price has risen in 6 of the last 10 days and is up by 1.38% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 527 thousand more shares were traded than the day before. In total, 5 million shares were bought and sold for approximately $259.15 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 26.76% during the next 3 months and, with a 90% probability hold a price between $64.40 and $71.80 at the end of this 3-month period.
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EBAY Signals & Forecast
The eBay Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $51.01 and $51.47. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -1.44%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Thursday, June 29, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Thursday, June 29, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for eBay Inc. stock
eBay Inc. finds support from accumulated volume at $50.09 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.99 between high and low, or 1.93%. For the last week the stock has had daily average volatility of 1.69%.
Our recommended stop-loss: $49.97 (-3.94%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 20 days ago.)
Trading Expectations (EBAY) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect eBay Inc. to open at $51.80, and during the day (based on 14 day Average True Range), to move between $51.03 and $53.01, which gives a possible trading interval of +/-$0.99 (+/-1.90%) up or down from last closing price. If eBay Inc. takes out the full calculated possible swing range there will be an estimated 3.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $52.20 (0.35%) than the support at $50.09 (3.71%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
eBay Inc. will release earnings AMC on Wednesday, May 01, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.20. We will update the financials statements for eBay Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.56% in the first trading day after earnings release.
Is eBay Inc. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for eBay Inc. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.644 Buy Candidate Upgraded
Predicted Opening Price for eBay Inc. of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $51.80 ( 0.417%) | $52.02 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EBAY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 52.79 | 1.49 % | |
| R2 | 52.42 | 0.760 % | ||
| R1 | 52.18 | 0.310 % | ||
| Current price: | 52.02 | |||
| Support | S1 | 51.43 | -1.14 % | |
| S2 | 51.19 | -1.59 % | ||
| S3 | 50.81 | -2.32 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 52.41 | 0.750 % | |
| R2 | 52.25 | 0.442 % | ||
| R1 | 52.20 | 0.346 % | ||
| Current price | 52.02 | |||
| Support | S1 | 50.09 | -3.71% | |
| S2 | 47.89 | -7.94% | ||
| S3 | 47.28 | -9.11% |
EBAY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 27, 2024 | Mar 11, 2024 | Mar 25, 2024 | $0.270 | 0.527% |
| 2 | Feb 27, 2024 | Mar 08, 2024 | Mar 25, 2024 | $0.270 | 0.527% |
| 3 | Nov 03, 2023 | Nov 30, 2023 | Dec 15, 2023 | $0.250 | 0.599% |
| 4 | Jul 24, 2023 | Aug 31, 2023 | Sep 15, 2023 | $0.250 | 0.561% |
| 5 | Apr 24, 2023 | May 31, 2023 | Jun 16, 2023 | $0.250 | 0.555% |
FAQ
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