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|It was a second consecutive positive week for the eBay Inc. (EBAY). During the week, the EBAY climbed 0.06 points, or 0.16%, and closed at 38.32 on Friday, May 18, 2018. Weekly volume was -15% below average. |
EBAY is a member of Technology Sector. Technology is the second 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 March 6, 2009 at 4.17 and reached 46.99 on February 1, 2018. EBAY gained -42.82 points, or -1026.86%, in 464 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (30.97) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 resistance line in a long-term trend.
Medium-term trend: [See EBAY medium-term trend chart]
A medium-term downtrend had started on February 1, 2018 at 46.99 and reached 36.81 on May 3, 2018. EBAY lost 10.18 points, or 21.66%, in 13 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 35.44 and resistance is at 42.27. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.
Weekly Technical Indicators: [See EBAY weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 link to access Williams' Percentage Range help.
The weekly MACD line is below its signal line since March 29, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 May 3, 2018 at 36.81 and reached 38.84 on May 9, 2018. EBAY gained -2.03 points, or -5.51%, in 6 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Daily Technical Indicators: [See EBAY daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.