Solid News

eBay Inc., Technical Analysis

3/16/2023 10:11 AM

The shares of eBay Inc., an American online retailer, are correcting at 40.00.

On the daily chart, the price has left the wide ascending corridor with dynamic boundaries 45.00–54.00 and consolidated below 42.00.

On the four-hour chart, it can be seen that in case of continued decline, the key obstacle is the previous local low of 39.50, the breakdown of which will open the way for quotes to the year’s low of 36.00. With such pressure on the price, a return to the channel looks unlikely but it will become possible if the asset consolidates above 42.00.

Technical indicators keep a stable sell signal: fast EMAs on the Alligator indicator are below the signal line, expanding the oscillation range, and the AO histogram forms corrective bars in the sell zone.

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