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- 1 eBay stock price decreased by 4.27% over the past seven days.
- 2 eBay Inc. ( NASDAQ: EBAY) stock’s 52-week price range is $39 – $52.
eBay was experiencing a decline in its earnings by -22.4% yearly on average, while the Multiline retail industry grew by 14.8% annually, according to the financial website Simply Wall St. The company’s revenues have also been rising by 1.2% per year on average. eBay has a net margin of 13.5% and a return on equity of 25.5%.
eBay has a debt-to-equity ratio of 146.6%, which is calculated from its total shareholder equity of $5.3 Billion and total debt of $7.7 Billion, according to Simply Wall St. The company’s total assets and total liabilities are $20.0 Billion and $14.7 Billion, respectively. eBay’s EBIT is $2.3 Billion making its interest coverage ratio 25.9. It has cash and short-term investments of $7.1 Billion.
The market capitalization of EBAY stock is $23.207 Billion and the total revenue is $9.655 Billion. Moreover, the stock’s basic EPS is $2.49 and the price-to-earnings ratio is 17.67. Moreover, the average volume is 6.47 Million and the current volume is 3.929 Million, the current volume is below average volume.
Moreover, the stock has done well this month, decreasing by 2.35% and by 13.32% in the last six months. However, eBay Inc. (NASDAQ: EBAY) stock has a positive year-to-date return of 3.64% and a negative 1-year return of 11.00%.
Technical Analysis of eBay Stock Price in 1-D Timeframe
The price action shows that eBay Inc’s ( NASDAQ: EBAY) stock price has been declining for the last three months, decreasing by 2.48%. At the time of writing, EBAY stock is trading at $43.61 and fell from resistance, and has been trying to sustain the CMP level after taking a pullback.
Therefore, if it maintains the current level, the EBAY price could continue to move upwards and reach the first and second targets of $46.04 and $49.38.
However, if the EBAY price fails to sustain the current level and drops, then it might hit the nearest support levels of $42.08 and $39.61.
At the time of publishing, eBay Inc. (NASDAQ: EBAY) is trading above the 20, 50, 100, and 200-day EMAs (exponential moving averages), which are rejecting the price trend.
Hence, EBAY price is expected to move downwards giving bearish views over the daily time frame chart.
The current value of RSI is 40.23 points. The 14 SMA is above the median line at 55.37 points which indicates that eBay stock is bearish.
The MACD line at 0.3290 and signal line at 0.2408 are above the zero line. A bearish crossover is observed in the MACD oscillator which signals more bearishness for the EBAY stock price.
Summary
eBay Inc. (NASDAQ: EBAY) indicates that the investors and traders of the stock price are bearish on the 1-D time frame. The price action reflects a bearish outlook at the time of publishing. The technical oscillators of the EBAY stock price also support the bearish trend. The MACD, RSI, and EMA are highlighting negative signals and imply that the downtrend may continue in EBAY stock price.
Technical Levels
- Support Levels: The nearest support levels for eBay stock price are $42.08 and $39.61.
- Resistance levels: The nearest resistance levels for eBay stock price are $46.04 and $49.38.
Disclaimer
In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
