Ebay Short Term View UPDATEThe Fibonacci Extensions at the top represent possible resistance points where profit taking may occur.
The Fibonacci Retracement drawn at the bottom represented ideal entry points into a long position.
The 50 and 100 Moving Averages should offer support in the short term.
Ebay is trading at a low Price/Earnings ratio of 15.
The current price level, though not an ideal entry point, still remains attractive.
EBAYCL trade ideas
Ebay Uptrend (Exit and Entry)Ebay has generally been trending upwards for the last 10 years and is currently trading at a low Price/Earnings ratio of 15.
The 50 and 100 Moving Averages should offer support in the short term.
The Fibonacci Extensions at the top represent possible resistance points where profit taking may occur.
The Fibonacci Retracement drawn at the bottom represented ideal entry points into a long position.
The current price level, though not an ideal entry point, still remains attractive.
EBAY, REVERSAL COMING!Hello fellow traders and investors, here's another trade idea.
EBAY has recently pulled back to the bottom of the channel and if it makes a recovery to the previous high it offers a 16% ROI.
Technicals:
The Macd indicates that it's still in a downtrend
The RSI indicates that it's oversold
The volume indicates that the selling volume is getting exhausted so we will most likely see a reversal coming.
When To Buy:
Now
When To Sell:
At the previous high.
Fundamentals: EBAY operates as a commerce company. The company platforms include the online marketplace and its localized counterparts. They have a P/E of 14.53, a P/S of 3.42, a debt/equity of 1.86 which is very bad, sales growth Q/Q of 40%, an EPS growth Q/Q of 44.20%, an ROI of 15.80%, and a short float of 2.70%.
Rating: 90/100 the technicals look amazing but their debt/equity is a little scary so they deserve a 90/100.
I hope you enjoyed this quick analysis and many more to come.
If you enjoyed please leave a like, follow, comment your thoughts and share this trade idea.
Thanks.
Ebay entry levelEbay is at an interesting time to buy it in the medium / long term.
If you observe the previous circles, in the 2 previous occasions the candle has left a wick below the average of 200 periods, closing the candle above the average.
There are 2 scenarios for me:
1- That it goes down to the green horizontal line that is the first monthly support. From there it goes up again until the first monthly resistance where it also made a double top.
2- Do not touch the horizontal green line, leaving a large wick and closing the candle above the average 200 periods. From there go up to the horizontal red line that is monthly resistance.
If neither of the 2 scenarios is fulfilled, the SL is placed below the middle circle. If the operation goes well, it has a risk / reward ratio of 2.36
Poised for a potential break-out on earnings todayeBay is a cheap e-commerce name that has spent years underperforming (for good reason). Now could be its time to make a significant break-out on the way to a re-rating.
Its enterprise value has largely not moved in 10 years, as stock buybacks have gradually inflated the share price.
2021 is expected to return eBay to significant, mid-teens revenue growth. That, along with higher take rates thanks to managed payments and new initiatives like authenticating sneaker sales, could propel this stock higher. The key thing is that it doesn't need to do much to improve its dismal 13.8x forward P/E.
eBay long The price is immersed in a clear uptrend, traveling the largest wave #3. Breakout of the $60 level confirmed. The price forms a spike on the 61.8 of the last bullish impulse, if it is activated, we buy with a projection at $76.40 as the first tp. Taking into account that it could reach $80 per projection of wave #3.
ENJOY!
$EBAY with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $EBAY after a Positive over reaction following its earnings release placing the stock in drift B
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
EBAY Short!EBAY INC. is part of a very strong downtrend. Traders might consider only trading short (short) positions as long as price remains well below $ 54.21. The next support at 51.41 USD stands as the next bearish target to hit. A bearish breakout of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 48.62 USD. Below that support sellers could then aim for 46.19 USD. In the current configuration, it will be advisable to watch for possible bearish excesses that could lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter a position in the direction of the downtrend. It may seem risky to seek to profit by purchasing these possible corrections.