eBay Inc. Stock Forecast
Green day on Friday for eBay Inc.
(Updated on Apr 19, 2024)
The eBay Inc. stock price gained 0.88% on the last trading day (Friday, 19th Apr 2024), rising from $49.95 to $50.39. During the last trading day the stock fluctuated 2.04% from a day low at $50.00 to a day high of $51.02. The price has fallen in 6 of the last 10 days and is down by -3.21% for this period. Volume fell on the last day by -3 million shares and in total, 4 million shares were bought and sold for approximately $216.47 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $49.88 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 30.92% during the next 3 months and, with a 90% probability hold a price between $65.30 and $73.29 at the end of this 3-month period.
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EBAY Signals & Forecast
Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The eBay Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $50.59 and $51.23. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -4.53%. 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 $1.02 between high and low, or 2.04%. For the last week the stock has had daily average volatility of 2.33%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EBAY) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect eBay Inc. to open at $50.47, and during the day (based on 14 day Average True Range), to move between $49.35 and $51.43, which gives a possible trading interval of +/-$1.04 (+/-2.07%) up or down from last closing price. If eBay Inc. takes out the full calculated possible swing range there will be an estimated 4.14% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $50.09 (0.60%) than the resistance at $51.55 (2.30%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is eBay Inc. stock A Buy?
The eBay Inc. stock holds several negative signals and despite the positive trend, we believe eBay Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.175 Sell Candidate Unchanged
Predicted Opening Price for eBay Inc. of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $50.47 ( 0.159%) | $50.39 |
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 | 51.49 | 2.18 % | |
| R2 | 51.10 | 1.41 % | ||
| R1 | 50.86 | 0.93 % | ||
| Current price: | 50.39 | |||
| Support | S1 | 50.08 | -0.614 % | |
| S2 | 49.84 | -1.09 % | ||
| S3 | 49.45 | -1.87 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 52.41 | 4.01 % | |
| R2 | 52.20 | 3.59 % | ||
| R1 | 51.55 | 2.30 % | ||
| Current price | 50.39 | |||
| Support | S1 | 50.09 | -0.595% | |
| S2 | 47.89 | -4.96% | ||
| S3 | 47.28 | -6.17% |
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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