eBay Inc. Stock Forecast
Weaker technical forecast for eBay Inc. as stock downgraded to Buy Candidate.
(Updated on Apr 30, 2024)
The eBay Inc. stock price fell by -1.18% on the last day (Tuesday, 30th Apr 2024) from 48.98€ to 48.40€. During the last trading day the stock fluctuated 2.30% from a day low at 48.29€ to a day high of 49.40€. The price has risen in 6 of the last 10 days and is up by 2.95% over the past 2 weeks. Volume has increased on the last day by 789 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 829 shares were bought and sold for approximately 40.12€ thousand.
The stock lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 48.22€ is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 28.62% during the next 3 months and, with a 90% probability hold a price between 62.02€ and 67.11€ at the end of this 3-month period.
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EBA.F Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -1.18%. 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). eBay Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued. The eBay Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 48.10€ and 47.84€. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for eBay Inc. stock
eBay Inc. finds support from accumulated volume at 47.78€ 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 1.11€ between high and low, or 2.30%. For the last week the stock has had daily average volatility of 1.12%.
Our recommended stop-loss: 46.80€ (-3.31%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (EBA.F) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect eBay Inc. to open at 48.70€, and during the day (based on 14 day Average True Range), to move between 47.70€ and 49.10€, which gives a possible trading interval of +/-0.704€ (+/-1.45%) up or down from last closing price. If eBay Inc. takes out the full calculated possible swing range there will be an estimated 2.91% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 48.52€ (0.25%) than the support at 47.78€ (1.29%), 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.
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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 1.260 Buy Candidate Downgraded
Predicted Opening Price for eBay Inc. of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| 48.70€ ( 0.613%) | 48.40€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EBA.F
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 49.81 | 2.91 % | |
| R2 | 49.38 | 2.03 % | ||
| R1 | 49.12 | 1.49 % | ||
| Current price: | 48.40 | |||
| Support | S1 | 48.27 | -0.263 % | |
| S2 | 48.01 | -0.80 % | ||
| S3 | 47.59 | -1.68 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 48.78 | 0.775 % | |
| R2 | 48.64 | 0.496 % | ||
| R1 | 48.52 | 0.248 % | ||
| Current price | 48.40 | |||
| Support | S1 | 47.78 | -1.29% | |
| S2 | 44.30 | -8.47% | ||
| S3 | 44.08 | -8.93% |
EBA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 08, 2024 | Mar 08, 2024 | Mar 25, 2024 | 0.250€ | 0% |
| 2 | Nov 30, 2023 | Nov 30, 2023 | Nov 30, 2023 | 0€ | 0% |
| 3 | Aug 31, 2023 | Aug 31, 2023 | Aug 31, 2023 | 0.250€ | 0% |
| 4 | May 31, 2023 | May 31, 2023 | May 31, 2023 | 0.250€ | 0% |
| 5 | Mar 09, 2023 | Mar 09, 2023 | Mar 09, 2023 | 0.250€ | 0% |
FAQ
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