| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | SELL STOP |
| Entry Point | 48.45 |
| Take Profit | 45.50 |
| Stop Loss | 50.00 |
| Key Levels | 45.50, 48.50, 50.20, 52.80 |
| Alternative scenario | |
|---|---|
| Recommendation | BUY STOP |
| Entry Point | 50.25 |
| Take Profit | 52.80 |
| Stop Loss | 49.00 |
| Key Levels | 45.50, 48.50, 50.20, 52.80 |
Current trend
Shares of eBay Inc., an American Internet retail company, are trading at 49.00.
After the publication of the Q1 report, leading analytical agencies revise their assessments of the issuer’s securities. Thus, Truist Securities experts increased the target price from 48.0 dollars to 50.0 dollars, maintaining the Hold recommendation and believing that the Q2 forecast for the second quarter could be realized since, in the current period, the indicators were affected by logistical problems due to the Baltimore bridge collapse. Analysts at TD Cowen also increased their price target to 45.0 dollars from 42.0 dollars while maintaining a Hold rating. The bank’s experts were satisfied with the Q1 results, which almost coincided with their estimates. On the other hand, Evercore Inc. experts decreased the figure from 48.0 dollars to 47.0 dollars because they were not satisfied with the number of new active site users.
The financial report shows stable dynamics. The company’s revenue increased by 2.7% to 2.56B dollars, exceeding forecasts of 2.53B dollars and 2.50B dollars a year earlier. Earnings per share (EPS) reached 1.25 dollars for the first time since COVID–19, exceeding the forecast of 1.20 dollars and 1.11 dollars in the same period a year earlier.
Support and resistance
On the daily chart, the trading instrument is moving within the corrective trend, approaching the resistance line of the ascending channel at 47.00.
Technical indicators have issued a sell signal: the EMA fluctuation range on the Alligator indicator is expanding downward, and the AO histogram is forming corrective bars below the transition level.
Resistance levels: 50.20, 52.80.
Support levels: 48.50, 45.50.
Trading tips
Short positions may be opened after the price declines and consolidates below 48.50, with the target at 45.50 and stop loss 50.00. Implementation period: 7 days or more.
Long positions may be opened after the price rises and consolidates above 50.20, with the target at 52.80. Stop loss – 49.00.
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