eBay Inc. (EBAY/NASD): general analysis
16 May 2018, 10:52
| Scenario | |
|---|---|
| Timeframe | Intraday |
| Recommendation | SELL STOP |
| Entry Point | 37.40 |
| Take Profit | 36.50, 35.50, 35.00 |
| Stop Loss | 38.50 |
| Key Levels | 34.50, 36.00, 37.50, 39.00, 41.00, 42.50 |
| Alternative scenario | |
|---|---|
| Recommendation | BUY STOP |
| Entry Point | 39.10 |
| Take Profit | 41.00, 41.50 |
| Stop Loss | 38.00 |
| Key Levels | 34.50, 36.00, 37.50, 39.00, 41.00, 42.50 |
Current trend
eBay stocks have ended the decrease, resulted by the quarterly report, which was below the market’s expectations, on April 25, and are restoring the loss since the beginning of May.
The company reported the plans to sell its share in the Indian internet retailer Flipkart for 1.1 billion USD. Last year, it purchased 5.4% of Flipkart stocks by 500 million USD. After the sale, eBay intends to promote its own internet platform on the Indian market.
During the last week, eBay decreased by 0.05% against the decrease of S&P 500 index by 0.75%.
Support and resistance
Since the beginning of the month, #EBAY is trading actively but mixed. The stocks are now consolidating. The key support and resistance levels are 37.50 and 39.00 correspondingly. The indicators’ signals are mixed: the price consolidated below МА (50) and МА (200); MACD began to grow. It is better to open the positions from the key levels.
The comparative analysis of the indicators of the company and its competitors suggests the neutrality of its share prices.
Resistance levels: 39.00, 41.00, 42.50.
Support levels: 37.50, 36.00, 34.50.
Trading tips
Short positions can be opened after the price is set below the level of 37.50. The closing of the profitable positions is possible at the levels of 36.50, 35.50 and 35.00. Stop loss is 38.50.
Long positions can be opened after the price is set above the level of 39.00 with the targets at 41.00–41.50. Stop loss is 38.00.
Implementation period: 3 days.
eBay stocks have ended the decrease, resulted by the quarterly report, which was below the market’s expectations, on April 25, and are restoring the loss since the beginning of May.
The company reported the plans to sell its share in the Indian internet retailer Flipkart for 1.1 billion USD. Last year, it purchased 5.4% of Flipkart stocks by 500 million USD. After the sale, eBay intends to promote its own internet platform on the Indian market.
During the last week, eBay decreased by 0.05% against the decrease of S&P 500 index by 0.75%.
Support and resistance
Since the beginning of the month, #EBAY is trading actively but mixed. The stocks are now consolidating. The key support and resistance levels are 37.50 and 39.00 correspondingly. The indicators’ signals are mixed: the price consolidated below МА (50) and МА (200); MACD began to grow. It is better to open the positions from the key levels.
The comparative analysis of the indicators of the company and its competitors suggests the neutrality of its share prices.
Resistance levels: 39.00, 41.00, 42.50.
Support levels: 37.50, 36.00, 34.50.
Trading tips
Short positions can be opened after the price is set below the level of 37.50. The closing of the profitable positions is possible at the levels of 36.50, 35.50 and 35.00. Stop loss is 38.50.
Long positions can be opened after the price is set above the level of 39.00 with the targets at 41.00–41.50. Stop loss is 38.00.
Implementation period: 3 days.
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