The Greedy Trader Weekly Analysis
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eBay Inc.
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Summary:
Weekly :Overbought sectorBroken trend resistance lineStochastic signal line moved above oversold areaTrend resistance at 40.49
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtPrice has crossed above the 50 Day Moving AverageBroken trend resistance line
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It was a second consecutive positive week for the eBay Inc. (EBAY). During the week, the EBAY gained 1.95 points, or 5.09%, and closed at 40.29 on Friday, June 08, 2018. It was the best weekly gain since April 20, 2018. Weekly volume was -7% 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 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 (31.13) 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 price is near the trend resistance line (40.49). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See EBAY weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. 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 Lane's Stochastic 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 relatively high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. 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 40.86 on June 7, 2018. EBAY gained -4.05 points, or -11.00%, in 35 days. The chart has formed a Falling Channel chart pattern. The uptrend resistance line (36.84) 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 short-term trend.

Daily Technical Indicators: [See EBAY daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. Use the following link to access Williams' Percentage Range help.

The daily MACD line is above its signal line since May 11, 2018. This is an indication that the short-term trend is up.

During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 69.13
Williams' Percentage Range (W%R) 16.30
Overbought
Lane's Stochastic (%D-Slow) 88.28
Overbought
Greed/Fear Indicator (GFI) 80.37
Overbought
Moving Average Converg./Diverg. (MACD) -0.12
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 42.18
Williams' Percentage Range (W%R) 66.10
Lane's Stochastic (%D-Slow) 25.44
Greed/Fear Indicator (GFI) 34.80
Moving Average Converg./Diverg. (MACD) 0.54
Trading Signals
Description Value Chart
Upper Bollinger Band 40.69
Monthly Trendline Resistance 40.49
Daily Stochastic Crossing 40.35
Price 40.29
50 Day Moving Average 39.13
20 Day Moving Average 38.54
Weekly Stochastic Crossing 38.51
Parabolic System 38.40
Weekly Trendline Resistance 37.96
Lower Bollinger Band 37.15
Weekly Trendline Support 36.84
Yearly Trendline Resistance 35.22
Monthly Trendline Support 34.02
Sector and Industry
Description Name Rank
Sector Technology 9
Industry Internet Software & Svcs 129
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 37.18
Low Date 05/31/2018
High 40.86
High Date 06/07/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 37.96
Support 36.84
Low 36.81
Low Date 05/03/2018
High 40.86
High Date 06/07/2018
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Test Resistance
Resistance 40.49
Support 34.02
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 35.22
Support 31.13
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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