eBay Technical Analysis | eBay Trading: 2022-05-06 | IFCM Iran
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eBay Technical Analysis - eBay Trading: 2022-05-06

eBay Technical Analysis Summary

Neutral
SellBuy
Strong SellStrong Buy

Below 47.26

Sell Stop

Above 54.45

Stop Loss

Ara Zohrabian
Ara Zohrabian
Senior Analyst
Articles2785
IndicatorSignal
RSI Neutral
MACD Sell
Donchian Channel Sell
MA(200) Sell
Fractals Neutral
Parabolic SAR Sell

eBay Chart Analysis

eBay Chart Analysis

eBay Technical Analysis

The technical analysis of the eBay stock price chart on daily timeframe shows #S-EBAY, Daily is retreating under the 200-period moving average MA(200) after hitting 3-month high one month ago. We believe the bearish momentum will continue after the price breaches below the upper boundary of Donchian channel at 47.26. This level can be used as an entry point for placing a pending order to sell. The stop loss can be placed below the upper boundary of Donchian channel at 54.45. After placing the order, the stop loss is to be moved every day to the next fractal high, following Parabolic indicator signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level (54.45) without reaching the order (47.26), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.

Fundamental Analysis of Stocks - eBay

eBay stock dropped after the e-commerce company’s disappointing guidance. Will the eBay stock price continue retreating?

eBay, Inc. (eBay) is an American corporation which operates marketplace platforms that connect buyers and sellers globally. Company’s market capitalization is $30.9 billion. The stock is trading at P/E ratio (Trailing Twelve Months) of 2.34 currently and at Forward P/E ratio of 12.92. eBay on Wednesday reported quarterly results which were in line with most analysts estimates, declared a fresh quarterly dividend but its guidance was worse than expected. The company earned $2.5 billion in revenue, which was 6% lower than the corresponding period of 2021. The gross merchandise volume (GMV) fell 20% to $19.4 billion. Non-GAAP (adjusted) net earnings declined 16% to $625 million. eBay’s revenue forecast however missed market expectations: the company forecast fiscal 2022 revenue in the range of $9.6 billion to $9.9 billion while analysts estimated it to reach $10.4 billion. Expectations of lower revenue are bearish for stock price. Shares of the company slumped over 11% on Thursday.

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Note:
This overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or а recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.

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