The Greedy Trader Weekly Analysis
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Candlesticks Name: Bullish Doji
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- 5/3/2024 -
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eBay Inc. (EBAY) Technical Analysis

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Summary:
Weekly :Lane's Stochastic is overboughtStochastic has declined below the signal line
Daily :The price has fallen below the Parabolic SARPrice has crossed below the 50 Day Moving AverageThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the eBay Inc. (EBAY). During the week, the EBAY dropped -2.37 points, or -4.56%, and closed at 49.65 on Friday, May 3, 2024. Weekly volume was 35% above average.

Long-term trend: [See EBAY long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 35.92 and reached 52.93 on March 28, 2024. EBAY gained -17.01 points, or -47.36%, in 76 weeks. The price is now at the 19.28% retracement level.

Medium-term trend: [See EBAY medium-term trend chart]
A medium-term uptrend had started on November 8, 2023 at 37.17 and reached 52.93 on March 28, 2024. EBAY gained -15.76 points, or -42.40%, in 20 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 48.31 and resistance is at 56.11. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See EBAY weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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 above its signal line since December 15, 2023. This is an indication that the medium-term trend is up. 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 2, 2024 at 48.52 and reached 50.25 on May 3, 2024. EBAY gained -1.73 points, or -3.57%, in 1 days. The price is now at the 34.68% retracement level.

Daily Technical Indicators: [See EBAY daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since April 29, 2024.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. 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) 42.71
Williams' Percentage Range (W%R) 75.90
Lane's Stochastic (%D-Slow) 46.70
Greed/Fear Indicator (GFI) 37.83
Moving Average Converg./Diverg. (MACD) 0.25
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.81
Williams' Percentage Range (W%R) 26.30
Lane's Stochastic (%D-Slow) 82.25
Overbought
Greed/Fear Indicator (GFI) 71.91
Moving Average Converg./Diverg. (MACD) 1.76
Trading Signals
Description Value Chart
Monthly Trendline Resistance 56.11
Parabolic System 52.84
Upper Bollinger Band 52.81
Weekly Stochastic Crossing 52.05
20 Day Moving Average 51.06
50 Day Moving Average 50.64
Daily Stochastic Crossing 50.02
Price 49.65
Lower Bollinger Band 49.05
Monthly Trendline Support 48.31
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 3
Industry Internet & Direct Marketing Retail 72
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 48.52
Low Date 05/02/2024
High 50.25
High Date 05/03/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 40.16
Low Date 01/16/2024
High 52.93
High Date 03/28/2024
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 56.11
Support 48.31
Low 37.17
Low Date 11/08/2023
High 52.93
High Date 03/28/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 35.92
Low Date 10/13/2022
High 52.93
High Date 03/28/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 81.19
High Date 10/22/2021
Low 35.92
Low Date 10/13/2022
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.