eBay Inc. Stock Forecast
eBay Inc. stock upgraded from Sell Candidate to Buy Candidate after Tuesday trading session.
(Updated on Jul 02, 2024)
The eBay Inc. stock price gained 1.08% on the last trading day (Tuesday, 2nd Jul 2024), rising from $52.68 to $53.25. During the last trading day the stock fluctuated 2.61% from a day low at $52.03 to a day high of $53.39. The price has fallen in 6 of the last 10 days but is still up by 0.21% over the past 2 weeks. Volume fell on the last day by -273 thousand shares and in total, 4 million shares were bought and sold for approximately $220.09 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 middle of a weak 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 6.23% during the next 3 months and, with a 90% probability hold a price between $54.64 and $59.20 at the end of this 3-month period.
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EBAY Signals & Forecast
The eBay Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $53.48. On a fall, the stock will find some support from the long-term average at approximately $53.11. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Monday, July 01, 2024, and so far it has risen 1.08%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
A sell signal from a double top formation was found on Friday, May 31, 2024 and based on theory for this formation the price should fall by -5.82% to $50.15 within 4 trading days since signal was issued (Thursday, June 06, 2024).
Support, Risk & Stop-loss for eBay Inc. stock
eBay Inc. finds support from accumulated volume at $51.06 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 $1.36 between high and low, or 2.61%. For the last week the stock has had daily average volatility of 2.29%.
Our recommended stop-loss: $50.46 (-5.24%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (EBAY) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect eBay Inc. to open at $52.89, and during the day (based on 14 day Average True Range), to move between $52.03 and $54.47, which gives a possible trading interval of +/-$1.22 (+/-2.29%) up or down from last closing price. If eBay Inc. takes out the full calculated possible swing range there will be an estimated 4.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $53.69 (0.83%) than the support at $51.06 (4.11%), 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 4.162 Buy Candidate Upgraded
Predicted Opening Price for eBay Inc. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $52.89 ( 0.676%) | $53.25 |
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 | |
|---|---|---|
| R3 | 54.25 | 1.88% |
| R2 | 53.73 | 0.90% |
| R1 | 53.41 | 0.300% |
| Price | 53.25 | |
| S1 | 52.37 | -1.65% |
| S2 | 52.05 | -2.25% |
| S3 | 51.53 | -3.23% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 54.41 | 2.18% |
| R2 | 54.15 | 1.69% |
| R1 | 53.69 | 0.83% |
| Price | 53.25 | |
| S1 | 51.06 | -4.11% |
| S2 | 49.95 | -6.20% |
| S3 | 49.39 | -7.25% |
EBAY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 31, 2024 | May 31, 2024 | Jun 14, 2024 | $0.270 | 0.518% |
| 2 | May 01, 2024 | May 30, 2024 | Jun 14, 2024 | $0.270 | 0.518% |
| 3 | Feb 27, 2024 | Mar 11, 2024 | Mar 25, 2024 | $0.270 | 0.527% |
| 4 | Feb 27, 2024 | Mar 08, 2024 | Mar 25, 2024 | $0.270 | 0.527% |
| 5 | Nov 03, 2023 | Nov 30, 2023 | Dec 15, 2023 | $0.250 | 0.599% |
FAQ
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