eBay Inc. (EBAY/NASD): general review
04 September 2018, 12:52
| Scenario | |
|---|---|
| Timeframe | Intraday |
| Recommendation | BUY STOP |
| Entry Point | 35.27 |
| Take Profit | 36.00, 36.75, 37.50 |
| Stop Loss | 34.50 |
| Key Levels | 32.90, 33.45, 34.20, 35.25, 36.00, 37.00 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 34.15 |
| Take Profit | 33.00, 32.00 |
| Stop Loss | 35.00 |
| Key Levels | 32.90, 33.45, 34.20, 35.25, 36.00, 37.00 |
Current trend
The shares of eBay are trading near a monthly high, showing a strengthening by 3.50% since early August. In mid-July, the company published controversial quarterly results and a forecast for 2018, which put pressure on the issuer's quotes. The drop in quotations of the issuer amounted to 8.29% since the beginning of the year.
Over the last week, eBay shares showed a decrease in value by 0.23%. During the same period the S&P 500 index decreased by 0.93%.
Support and resistance
The stock of the company is showing an ambiguous technical picture. The issuer is trading within the flat market. The instrument has the potential to resumption. Indicators don't give a clear signal: the price has consolidated between MA (50) and MA (200), and MACD histogram is located near the zero line. Positions are to be opened from key levels.
Comparing company's multiplier with its competitors, we can say that #EBAY shares are undervalued.
Resistance levels: 35.25, 36.00, 37.00.
Support levels: 34.20, 33.45, 32.90.
Trading tips
If the price consolidates above the level of 35.25, correction of #EBAY shares is expected. Potential profits should be locked in by orders at 36.00, 36.75 and 37.50. Stop loss — 34.50
If the price consolidates below the level of 34.20, one should consider selling the company's stock. The movement potential is aimed in the area of 33.00–32.00. Stop loss — 35.00.
Implementation period: 3 days.
The shares of eBay are trading near a monthly high, showing a strengthening by 3.50% since early August. In mid-July, the company published controversial quarterly results and a forecast for 2018, which put pressure on the issuer's quotes. The drop in quotations of the issuer amounted to 8.29% since the beginning of the year.
Over the last week, eBay shares showed a decrease in value by 0.23%. During the same period the S&P 500 index decreased by 0.93%.
Support and resistance
The stock of the company is showing an ambiguous technical picture. The issuer is trading within the flat market. The instrument has the potential to resumption. Indicators don't give a clear signal: the price has consolidated between MA (50) and MA (200), and MACD histogram is located near the zero line. Positions are to be opened from key levels.
Comparing company's multiplier with its competitors, we can say that #EBAY shares are undervalued.
Resistance levels: 35.25, 36.00, 37.00.
Support levels: 34.20, 33.45, 32.90.
Trading tips
If the price consolidates above the level of 35.25, correction of #EBAY shares is expected. Potential profits should be locked in by orders at 36.00, 36.75 and 37.50. Stop loss — 34.50
If the price consolidates below the level of 34.20, one should consider selling the company's stock. The movement potential is aimed in the area of 33.00–32.00. Stop loss — 35.00.
Implementation period: 3 days.
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