eBay Inc. (EBAY/NASD): general review
eBay Inc. (EBAY/NASD): general review
13 February 2019, 14:14
| Scenario | |
|---|---|
| Timeframe | Intraday |
| Recommendation | BUY STOP |
| Entry Point | 36.25 |
| Take Profit | 37.50, 38.75, 40.00 |
| Stop Loss | 35.80, 35.00 |
| Key Levels | 31.00, 32.50, 34.75, 36.25, 38.75 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 34.70 |
| Take Profit | 32.50, 31.00 |
| Stop Loss | 36.00 |
| Key Levels | 31.00, 32.50, 34.75, 36.25, 38.75 |
Current trend
eBay shares continue to strengthen since the publication of the quarterly report on January 29, adding 7.4%. On February 12, the emitter's quotes consolidated at a new six-month high. The company's management will increase the remuneration of investors, planning to pay in the years 2019-2020 about USD 7 billion by share repurchases, as well as by increasing regular dividends.
During the previous week, eBay shares grew by 2.43%. S&P500 index went up by 0.22% during the same period.
Support and resistance
The emitter continues to show a steady uptrend. Currently, the company's shares are consolidating near annual highs. #EBAY quotes are testing the key supply zone of 36.25-37.00. 34.75 is a "mirror" support level. The instrument has the potential to recover.
Indicators don't give a clear signal: the price has consolidated above MA(50) and MA(200), and MACD histogram is located near the zero line. Positions are to be opened from key levels.
Comparing company's multiplier with its competitors, we can say that #EBAY shares are undervalued.
Support levels: 34.75, 32.50, 31.00.
Resistance levels: 36.25, 38.75.
Trading tips
If the price consolidates above the resistance level of 36.25, one should expect the company's shares to grow. Potential profits should be locked in by orders 37.50, 38.75, and 40.00. Stop loss – 35.00.
If the price consolidates below the support level of 34.75, one may consider selling #EBAY. The moving potential is aimed at the area of 32.50-31.00. Stop loss – 36.00.
Implementation period: 3 days.
eBay shares continue to strengthen since the publication of the quarterly report on January 29, adding 7.4%. On February 12, the emitter's quotes consolidated at a new six-month high. The company's management will increase the remuneration of investors, planning to pay in the years 2019-2020 about USD 7 billion by share repurchases, as well as by increasing regular dividends.
During the previous week, eBay shares grew by 2.43%. S&P500 index went up by 0.22% during the same period.
Support and resistance
The emitter continues to show a steady uptrend. Currently, the company's shares are consolidating near annual highs. #EBAY quotes are testing the key supply zone of 36.25-37.00. 34.75 is a "mirror" support level. The instrument has the potential to recover.
Indicators don't give a clear signal: the price has consolidated above MA(50) and MA(200), and MACD histogram is located near the zero line. Positions are to be opened from key levels.
Comparing company's multiplier with its competitors, we can say that #EBAY shares are undervalued.
Support levels: 34.75, 32.50, 31.00.
Resistance levels: 36.25, 38.75.
Trading tips
If the price consolidates above the resistance level of 36.25, one should expect the company's shares to grow. Potential profits should be locked in by orders 37.50, 38.75, and 40.00. Stop loss – 35.00.
If the price consolidates below the support level of 34.75, one may consider selling #EBAY. The moving potential is aimed at the area of 32.50-31.00. Stop loss – 36.00.
Implementation period: 3 days.
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