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Quarterly Pattern:Rising Wedge
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Rising Wedge Pattern (Ascending Wedge)

Rising Wedge Chart PatternA Rising Wedge pattern also known as Ascending Wedge pattern is one of the most reliable, low-risk, and high-reward chart pattern. A Rising Wedge (Ascending Wedge) pattern is a triangle formation with noticeable slant to the upside. The line that connects the bottoms of the formation represents a support trend line. The resistance trend line connects the formation's tops. The Rising Wedge pattern is valid when the price touched both the support and resistance lines alternatively at least tree times. Unlike the Rising Channel formation, where support and resistance lines are parallel, in a Rising Wedge formation the support line is noticeably steeper than the resistance line. A Rising Wedge represents the loss of the upside momentum and has a bearish bias.

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- 4/26/2024 -
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eBay Inc. (EBAY) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are overbought
Daily :Stochastic signal line moved above oversold areaThe price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week after 3 consecutive negative weeks for the eBay Inc. (EBAY). During the week, the EBAY gained 1.63 points, or 3.23%, and closed at 52.02 on Friday, April 26, 2024. Weekly volume was -20% below average.

Long-term trend: [See EBAY long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 35.92 and reached 52.93 on March 28, 2024. EBAY gained -17.01 points, or -47.36%, in 76 weeks. The price is now at the 5.35% retracement level.

Medium-term trend: [See EBAY medium-term trend chart]
A medium-term uptrend had started on November 8, 2023 at 37.17 and reached 52.93 on March 28, 2024. EBAY gained -15.76 points, or -42.40%, in 20 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 44.88 and resistance is at 55.48. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See EBAY weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since December 15, 2023. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See EBAY short-term trend chart]
A short-term downtrend had started on March 28, 2024 at 52.93 and reached 49.41 on April 17, 2024. EBAY lost 3.52 points, or 6.65%, in 20 days. The price is now at the 74.15% retracement level.

Daily Technical Indicators: [See EBAY daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal.

The daily MACD line is below its signal line since March 20, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.33
Williams' Percentage Range (W%R) 46.10
Lane's Stochastic (%D-Slow) 68.80
Greed/Fear Indicator (GFI) 58.66
Moving Average Converg./Diverg. (MACD) 0.36
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 79.07
Williams' Percentage Range (W%R) 12.80
Overbought
Lane's Stochastic (%D-Slow) 86.84
Overbought
Greed/Fear Indicator (GFI) 79.74
Moving Average Converg./Diverg. (MACD) 1.60
Trading Signals
Description Value Chart
Monthly Trendline Resistance 55.48
Upper Bollinger Band 52.63
Weekly Stochastic Crossing 52.10
Price 52.02
Daily Stochastic Crossing 51.47
20 Day Moving Average 51.31
50 Day Moving Average 49.90
Parabolic System 49.70
Lower Bollinger Band 49.49
Monthly Trendline Support 44.88
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 4
Industry Internet & Direct Marketing Retail 72
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 52.93
High Date 03/28/2024
Low 49.41
Low Date 04/17/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 40.16
Low Date 01/16/2024
High 52.93
High Date 03/28/2024
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 55.48
Support 44.88
Low 37.17
Low Date 11/08/2023
High 52.93
High Date 03/28/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 35.92
Low Date 10/13/2022
High 52.93
High Date 03/28/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 81.19
High Date 10/22/2021
Low 35.92
Low Date 10/13/2022
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.