- eBay Inc stock price sustained above 200 day EMA and formed a double bottom bullish reversal pattern
- NASDAQ: EBAY Q4 earnings estimate remains positive at $1.06 and revenue estimate at $2.46B
- Technical indicators of the EBAY is indicating mild bearishness
eBay Inc (NASDAQ: EBAY) stock price is trading with mild bearish cues and bears are trying to drag the prices below the 200 day EMA. However, Q4 earnings are scheduled in the coming week and it will be interesting to see how prices react after the earnings. In the previous session NASDAQ: EBAY stock price closed at $48.24 with the intraday loss of 0.86% and market cap stood at $26.178B
Will EBAY stock give surprise to its long term investors?
eBay Inc (NASDAQ: EBAY) stock price looks very stable and forming a double bottom bullish reversal pattern which shows that positional trend has reversed in the direction of bulls. In the beginning of January, ebay prices took support at $40.00 and managed to climb above the 50 day EMA which derived some positive momentum and bulls succeeded to break out of the neckline hurdle level. In addition to that buyers have also pushed the prices above the 200 day EMA which clearly shows that investors are highly bullish and expecting out performance in the coming months.
On the other hand, Ebay prices are near the supply zone at $52.00 which will act as an immediate hurdle for the bulls but if market sentiment remains positive then bulls might try their best to push the price above the $52.00 hurdle level. However, the Q4 earnings are scheduled for the current week and if Ebay fails to meet the street estimate then prices may react negatively for the short period of time. The technical indicators of Ebay like MACD had generated a negative crossover indicating mild bearishness whereas the RSI at 51 denotes the balance between bullish and bearish positions.
According to the data in the Yahoo finance, ebay Q4 earnings estimates remain positive at $1.06 and revenue estimates stood at $2.46B which shows that the company financials are up to mark and market analysts are confident about the future outlook for the company.
សេចក្តីសង្ខេប
eBay Inc (NASDAQ: EBAY) stock price has shown a decent recovery of 30% from the recent low and managed to hold the prices above the 200 day EMA shows the strength of the bulls. However, if Ebay failed to meet the Q4 estimates then we might see minor sell off form the higher levels and bears will try to drag the prices below the EMA’s
កំរិតបច្ចេកទេស
កម្រិត Resistance៖ $52.00 និង $56.00
កម្រិតគាំទ្រ៖ 45.00 ដុល្លារ និង 40.00 ដុល្លារ
ការមិនទទួលខុសត្រូវ
ទស្សនៈ និងគំនិតដែលសរសេរដោយអ្នកនិពន្ធ ឬមនុស្សណាម្នាក់ដែលមានឈ្មោះក្នុងអត្ថបទនេះគឺសម្រាប់តែគំនិតព័ត៌មានប៉ុណ្ណោះ ហើយពួកគេមិនបង្កើតហិរញ្ញវត្ថុ ការវិនិយោគ ឬដំបូន្មានផ្សេងទៀតទេ។ ការវិនិយោគលើ ឬជួញដូរទ្រព្យសកម្មគ្រីបតូមកជាមួយហានិភ័យនៃការបាត់បង់ហិរញ្ញវត្ថុ។
Source: https://www.thecoinrepublic.com/2023/02/21/ebay-stock-prepares-to-react-in-q4-surprising-rally-possible/