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Daily W%R Divergence:Bullish
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Williams' Percentage Range (W%R)

Williams' %R is an effective momentum indicator that measures overbought/oversold levels. Like other indicators, W%R ranges between 0% and 100% , but in opposite to the other indicators, the 0% indicating overbought and 100% - the oversold stocks. W%R measures the closing price in relation to the recent low/high range. A bullish signal is generated when the W%R has reached 100, five time bars have elapsed, and the W%R has subsequently fallen to 95. A reverse signal is considered as bearish. For the sake of simplicity, the W%R closed above 10% is considered bearish and below 90% - bullish. In trending markets, the W%R stays at one end of the scale and gives false signals to trade against the trend. That is why W%R is not considered a stand-along technique, and it is essential to use it with some sort of trend formation indicators. The divergence between price and W%R rarely occurs and presents an important buy/sell signal. As our research shows, the W%R move to upper or lower bounds can be used as an earliest signal of an impending reversal. Using the Williams %R bullish divergence/bearish divergence, chart patterns, trendlines, support, and resistance lines along with the W%R chart can be very useful.

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- 4/19/2024 -
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eBay Inc. (EBAY) Technical Analysis

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Summary:
Weekly :Lane's Stochastic is overbought
Daily :Lane's Stochastic is oversoldThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the eBay Inc. (EBAY). During the week, the EBAY dropped -0.92 points, or -1.79%, and closed at 50.39 on Friday, April 19, 2024. It was the worst weekly loss since January 12, 2024. Weekly volume was -13% 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 14.93% 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 44.55 and resistance is at 54.84. 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 Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 link to access Lane's Stochastic 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 27.84% retracement level.

Daily Technical Indicators: [See EBAY daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic.

The daily MACD line is below its signal line since March 20, 2024. This is an indication that the short-term trend is down.

During the last week, the price has declined below 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) 36.26
Williams' Percentage Range (W%R) 76.70
Lane's Stochastic (%D-Slow) 13.65
Oversold
Greed/Fear Indicator (GFI) 24.40
Moving Average Converg./Diverg. (MACD) 0.63
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 76.72
Williams' Percentage Range (W%R) 21.10
Lane's Stochastic (%D-Slow) 88.47
Overbought
Greed/Fear Indicator (GFI) 76.39
Moving Average Converg./Diverg. (MACD) 1.41
Trading Signals
Description Value Chart
Monthly Trendline Resistance 54.84
Upper Bollinger Band 52.54
Weekly Stochastic Crossing 51.70
Parabolic System 51.52
20 Day Moving Average 51.40
Price 50.39
Daily Stochastic Crossing 49.90
Lower Bollinger Band 49.18
50 Day Moving Average 48.99
Monthly Trendline Support 44.55
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 6
Industry Internet & Direct Marketing Retail 62
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 54.84
Support 44.55
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.