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| Chart Analysis and Chart Pattern Recognition – Falling Wedge Pattern. |
A falling wedge pattern
is a triangle formation with noticeable slant to the downside. It represents the
loss of the downside momentum on each successive low and has a bullish bias.
The falling wedges pattern usually marks a reversal in a downtrend. In an uptrend, the falling wedge pattern is considered as a continuation pattern. As with other triangle formations, volume
usually diminishes as price rise and then increases during the breakout.
Falling Wedge Screening page presents a list of stocks forming Falling Wedge Pattern.
Tips:
# 1 To confirm the loss of the downside momentum at the reversal point, see bullish
divergence on technical indicators.
# 2 For the best results, chart patterns should be considered together with other technical analysis signals and technical trading techniques. |
Falling Wedge Pattern,Falling Wedge,Falling Wedge Chart Pattern,Charting technique, chart pattern, chart, pattern, technical analysis, signals, chart analysis, pattern recognition, screening, technical trading |
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eBay Inc. (EBAY) |
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| Summary:
| | Weekly : | | Daily :
Move cursor over the icon to see details.
| | It was the negative week for the eBay Inc. (EBAY). During the week, the EBAY gave back -0.11 points, or -0.31%, and closed at 35.14 on Friday, November 8, 2019. Weekly volume was -32% below average.
 Long-term trend: [See EBAY long-term trend chart]
A long-term uptrend had started on December 26, 2018 at 26.01 and reached 42.00 on July 18, 2019. EBAY gained -15.99 points, or -61.48%, in 29 weeks. The price is now at the 42.90% retracement level.
 Medium-term trend: [See EBAY medium-term trend chart]
A medium-term downtrend had started on July 18, 2019 at 42.00 and reached 34.68 on November 8, 2019. EBAY lost 7.32 points, or 17.43%, in 16 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend support line (36.59) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.
 Weekly Technical Indicators: [See EBAY weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is below its signal line since August 16, 2019. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
 Short-term trend: [See EBAY short-term trend chart]
A short-term downtrend had started on October 17, 2019 at 39.38 and reached 34.68 on November 8, 2019. EBAY lost 4.70 points, or 11.93%, in 22 days. The price is now at the 9.79% retracement level.
 Daily Technical Indicators: [See EBAY daily technical indicators chart]
Daily Relative Strength Index is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index or strongly oversold daily Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Daily Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Relative Strength Index help.
The daily MACD line is below its signal line since October 23, 2019. This is an indication that the short-term trend is down.
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