EBA Technical Analysis - EBAY INC

Technical Rating and Analysis

Overall EBA gets a technical rating of 8 out of 10. In the last year, EBA was one of the better performers, but we do observe some doubts in the very recent evolution.

In the last month EBA has a been trading in the 76.49 - 86.53 range, which is quite wide. It is currently trading near the lows of this range.

Warning: EBA has an average volume of 263 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

Looking at the yearly performance, EBA did better than 89% of all other stocks. We also observe that the gains produced by EBA over the past year are nicely spread over this period.

EBA is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so EBA is lagging the market slightly.

The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.

EBA is an average performer in the Broadline Retail industry, it outperforms 54% of 12 stocks in the same industry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although EBA has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

60.78

86.51

When analyzing the support we can see 5 important areas.

A support zone ranging from 76.79 to 76.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @71.70 from a trend line in the daily time frame.
Support @69.64 from a trend line in the weekly time frame.
Support @65.52 from a trend line in the daily time frame.
A support zone ranging from 61.39 to 61.94. This zone is formed by a combination of multiple trend lines in multiple time frames.

We found 1 important resistance area.

A resistance zone ranging from 85.65 to 85.65. This zone is formed by a combination of multiple trend lines in multiple time frames.

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	UP	POSITIVE	The long term trend for EBA.DE is up.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for EBA.DE is down.
ChartMill Relative Strength	89.4	POSITIVE	EBA.DE has a high relative strength, it outperformed 89.4% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of EBA.DE is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of EBA.DE is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of EBA.DE is above the rising SMA(200).
Relative Strength Index/RSI (14)	43.76	NEUTRAL	The RSI value for EBA.DE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-1.43	NEGATIVE	The MACD value suggests EBA.DE has a negative trend, although the MACD value is rising.
Stochastics (14,3)	3.54	OVERSOLD	The low Stochastics value suggests EBA.DE may be oversold.
Average True Range in percent/ATR (20)	1.61	LOW VOLATILITY	The low ATR as a percentage value for EBA.DE suggests low volalility.
Average Directional Index/ADX (14)	35.81	POSITIVE	The high ADX value value for EBA.DE suggests a strong trend.