By Mill Chart
Last update: Apr 23, 2024
Our stock screener has detected a potential breakout setup on EBAY INC (NASDAQ:EBAY). This breakout pattern is observed when a stock consolidates following a strong upward movement. It's important to note that this pattern is based on technical analysis, and the actual breakout outcome is uncertain. However, it might be worth keeping an eye on NASDAQ:EBAY.
ChartMill utilizes a proprietary algorithm to assign a Technical Rating to every stock. This rating, ranging from 0 to 10, is computed daily by analyzing a variety of technical indicators and properties.
We assign a technical rating of 7 out of 10 to EBAY. In the last year, EBAY was one of the better performers, but we do observe some doubts in the very recent evolution.
Our latest full technical report of EBAY contains the most current technical analsysis.
ChartMill takes into account not only the Technical Rating but also assigns a Setup Rating to each stock. This rating, on a scale of 0 to 10, reflects the degree of consolidation observed based on short-term technical indicators. Currently, NASDAQ:EBAY exhibits a 9 setup rating, indicating its consolidation status in recent days and weeks.
EBAY has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 52.41. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 50.38, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
A breakout opportunity may arise when the stock surpasses the current consolidation zone and reaches new highs. Traders often wait for this breakout before considering buying the stock. To manage risk, a stop loss order could be placed below the consolidation zone to limit potential losses.
Please note that this article should not be construed as trading advice. The information provided is solely based on automated technical analysis and serves to highlight technical observations. It is important to conduct your own analysis and make trading decisions based on your own judgment and responsibility.
Our Breakout screener lists more breakout setups and is updated daily.
This article should in no way be interpreted as advice in any way. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.
EBAY INC
NASDAQ:EBAY (4/26/2024, 7:00:02 PM)
Premarket: 52.02 0 (0%)52.02
+0.68 (+1.32%)
This other stock has an easier and more immediate path to strong returns.
Thankfully, in the headset nobody can see my tears.
AMD's upcoming EPYC 4004 "Zen 4" CPU family for AM5 platforms has been leaked and listed on eBay UK ahead of launch.
Senate Republicans count billionaire Ken Griffin, Chevron Corp., and Occidental Petroleum Corp. among their top donors, but it’s the Democrats in the chamber who are raising the most money by a wide margin.
/PRNewswire/ -- Today, eBay is launching its 5th annual Up & Running Grants program — a series of annual grants that reward 50 U.S. eBay sellers with tools and...
Explore the biggest analyst upgrades shaping Wall Street, driving optimism and strategic shifts amid recent market volatility.
Will EBAY INC Break Out? A Technical Analysis Perspective.
Look beyond the big tech names and you can find plenty of quiet compounders among the technology industry.