eBay Inc. Stock Forecast
eBay Inc. stock price up 0.609% on Tuesday
(Updated on Apr 23, 2024)
The eBay Inc. stock price gained 0.609% on the last trading day (Tuesday, 23rd Apr 2024), rising from $50.94 to $51.25. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.58% from a day low at $50.70 to a day high of $51.50. The price has been going up and down for this period, and there has been a -1.37% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 418 thousand more shares were traded than the day before. In total, 5 million shares were bought and sold for approximately $231.68 million.
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 $50.27 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 29.02% during the next 3 months and, with a 90% probability hold a price between $64.85 and $72.57 at the end of this 3-month period.
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EBAY Signals & Forecast
There are mixed signals in the stock today. The eBay Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $51.38. On a fall, the stock will find some support from the short-term average at $50.45. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -2.90%. 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). Volume is rising along with the price. This is considered to be a good technical signal. 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 $0.800 between high and low, or 1.58%. For the last week the stock has had daily average volatility of 2.13%.
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 Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect eBay Inc. to open at $51.15, and during the day (based on 14 day Average True Range), to move between $50.24 and $52.26, which gives a possible trading interval of +/-$1.01 (+/-1.96%) up or down from last closing price. If eBay Inc. takes out the full calculated possible swing range there will be an estimated 3.92% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $51.55 (0.59%) than the support at $50.09 (2.26%), 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?
eBay Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -3.363 Sell Candidate Unchanged
Predicted Opening Price for eBay Inc. of Wednesday, April 24, 2024
Fair opening price April 24, 2024 | Current price |
---|---|
$51.15 ( 0.195%) | $51.25 |
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 | |||
---|---|---|---|---|
Resistance | R3 | 51.95 | 1.37 % | |
R2 | 51.64 | 0.770 % | ||
R1 | 51.46 | 0.401 % | ||
Current price: | 51.25 | |||
Support | S1 | 50.84 | -0.791 % | |
S2 | 50.66 | -1.16 % | ||
S3 | 50.35 | -1.76 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 52.41 | 2.26 % | |
R2 | 52.20 | 1.85 % | ||
R1 | 51.55 | 0.585 % | ||
Current price | 51.25 | |||
Support | S1 | 50.09 | -2.26% | |
S2 | 47.89 | -6.56% | ||
S3 | 47.28 | -7.75% |
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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