The Greedy Trader Weekly Analysis
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Weekly Pattern:Falling Channel
Number of records: 6
Symbol:  

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Channeling Stock - rising channel and falling channel.
Stock channeling technique is one of the most efficient and widely used trading technique. Price channel represents price movement bound by parallel lower (support) and upper (resistance) trend lines. Channels with rising trend lines (rising channel) are considered bullish and the falling channel is considered as bearish . Channels are continuation formations as far as support and resistance are not broken.
Trading technique:
# 1
Buy channeling stock on support and sell on resistance.
# 2 For bullish channel: sell channeling stock when price breakes the stock channeling support line. For bearish channel: buy channeling stock when price breaks the resistance line.
Tips:
# 1 For the best results, stock channeling should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.
channeling stock,stock channeling,rising channel,falling channel,Price Channel
eBay Inc.
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Summary:
Weekly :Overbought sectorBroken trend resistance lineWilliams' Percentage Range is oversold
Daily :Daily  MACD line has moved above its signal linePrice is near the Fibonacci 23.6% retracement level
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 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.29
Williams' Percentage Range (W%R) 73.80
Lane's Stochastic (%D-Slow) 67.87
Greed/Fear Indicator (GFI) 50.12
Moving Average Converg./Diverg. (MACD) -0.63
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 40.19
Williams' Percentage Range (W%R) 85.40
Oversold
Lane's Stochastic (%D-Slow) 24.69
Greed/Fear Indicator (GFI) 26.93
Moving Average Converg./Diverg. (MACD) 0.94
Trading Signals
Description Value Chart
Monthly Trendline Resistance 42.27
Upper Bollinger Band 41.07
50 Day Moving Average 40.02
20 Day Moving Average 38.58
Daily Stochastic Crossing 38.44
Price 38.32
Weekly Stochastic Crossing 38.01
Parabolic System 37.22
Lower Bollinger Band 36.38
Monthly Trendline Support 35.44
Yearly Trendline Resistance 35.06
Yearly Trendline Support 30.97
Sector and Industry
Description Name Rank
Sector Technology 8
Industry Internet Software & Svcs 140
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 36.81
Low Date 05/03/2018
High 38.84
High Date 05/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 43.00
High Date 04/20/2018
Low 36.81
Low Date 05/03/2018
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 42.27
Support 35.44
High 46.99
High Date 02/01/2018
Low 36.81
Low Date 05/03/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 21.52
Low Date 02/08/2016
High 46.99
High Date 02/01/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 35.06
Support 30.97
Low 4.17
Low Date 03/06/2009
High 46.99
High Date 02/01/2018
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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