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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 a second consecutive positive week for the eBay Inc. (EBAY). During the week, the EBAY gained 1.94 points, or 5.36%, and closed at 38.14 on Friday, February 14, 2020. Weekly volume was -8% below average.
EBAY is a member of Technology Sector. Technology is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 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. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Medium-term trend: [See EBAY medium-term trend chart]
A medium-term uptrend had started on January 31, 2020 at 33.53 and reached 39.25 on February 4, 2020. EBAY gained -5.72 points, or -17.06%, in 0 weeks. The price is now at the 19.41% retracement level.
 Weekly Technical Indicators: [See EBAY weekly technical indicators chart]
Weekly technical indicators are neutral.
During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. Use the following link to access a MACD help.
Short-term trend: [See EBAY short-term trend chart]
A short-term uptrend had started on February 10, 2020 at 35.49 and reached 38.22 on February 14, 2020. EBAY gained -2.73 points, or -7.69%, in 4 days. Price is near the trend high.
Daily Technical Indicators: [See EBAY daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since February 3, 2020. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.
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