Ebaystock — Trading Ideas on TradingView

eBay: Resistance Touched!EBAY has managed to fight its way upward as expected, reaching the resistance at $71.51. In the course of the ongoing (corrective) upward movement, the price has now touched this mark for the third time – and once again showed a pullback reaction. Primarily, the stock should rise above the $71.51 level in the next step to complete the beige wave b above it. However, there remains a 27% chance for a new interim low of the magenta wave alt.(X). In this case, the stock would take a detour below the support at $55.96 but would turn upward again above the lower $49.63 mark.

eBay: (Corrective) Upside Ahead After a month marked by elevated volatility, EBAY has recently stabilized. We anticipate a continued rise above the $71.51 resistance, where the beige wave b should ultimately form its high. Afterward, the matching beige wave c should take over, triggering declines toward the support at $49.63. However, if the stock fails once again at the $71.51 resistance and then drops directly below the upper support at $61.55, the magenta wave alt.(4) will carve out a new low near the $49.63 level. Thus, this 40% likely alternative scenario would delay the completion of beige wave b.

EBAY Share Price Jumps Over 9% in a Day EBAY Share Price Jumps Over 9% in a Day Yesterday, traders focused on: → labour market news, which showed a slight decrease in new unemployment claims; → comments from the Federal Reserve: Christopher Waller stated that inflation is expected to fall to the target rate of 2% in the medium term, and further monetary easing would be "appropriate". However, these factors did not lead to significant changes in stock indices. The S&P 500 index (US SPX 500 mini on FXOpen) fell by 0.12% yesterday. The major highlight was the surge in eBay Inc. (EBAY) shares, which rose by more than 9%. This was driven by Meta Platforms (META) announcing a test launch of a new feature that would allow users in the US, France, and Germany to browse eBay products on Facebook Marketplace and complete transactions on eBay. If the test proves successful, this feature could potentially drive a significant increase in eBay’s revenue due to a new influx of buyers. Technical analysis of eBay’s (EBAY) share price chart shows that: → in early February 2024, following the release of a strong Q4 2023 report (marked by an arrow), the price began forming a stable upward channel (highlighted in blue); → on October 31, the price tested the lower boundary of the channel and rebounded sharply, indicating strong demand; → the $66 level acted as key resistance at the end of 2024, consolidating the share price around the median line; → following yesterday’s significant news, the price jumped to the upper boundary of the channel, briefly surpassing the psychological $70 mark. It is possible that eBay's share price could face downward pressure near the upper boundary of the channel and the $70 level, as indicated by the long upper shadow on yesterday's candlestick. However, given the sustained upward trend and strong fundamentals, the outlook for 2025 remains optimistic. According to TipRanks: → 10 out of 24 analysts recommend buying eBay shares; → the average 12-month price target for eBay shares is $64.36. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

eBay: Bearish Resolution Anticipated The EBAY stock has entered a consolidation phase below the resistance level at $67.79. This resistance currently serves as a trigger for our 33% likely alternative scenario, which would entail a new high of the beige wave alt. b. Primarily, however, we expect this level to remain unbroken as the price continues its current downward movement of the green wave , which should find its low below the support levels at $46.03 and $40.16.

My 2 cents on eBay It's technically a quite bullish chart. The price has established an higher low, has broken above the 30's SMA and has broken the descending trendline, re-tested it and now it seems like we're in the game. ;) Furthermore there is a bullish seasonality playing out ATM. So I put on my horns in this case ...

EBAY Options Ahead of Earnings I wonder who is still using Ebay?! I used to have a store there and close it because of their high fees. If you haven`t sold EBAY here, on the active buyers decline: Then you should know that looking at the EBAY options chain ahead of earnings , I would buy the $47.5 strike price Puts with 2023-7-21 expiration date for about $3.70 premium. If the options turn out to be profitable Before the earnings release, I would sell at least 50%. I have chosen that expiration date to allow me to be wrong and not close the position and to have a bigger gain by the expiration date, if EBAY keeps going lower. Looking forward to read your opinion about it.