New bullish technical picture drawn on Ebay daily chart. The technical view is positive and leaves assume the up-trend continuation.
Last Friday the 15th of July Ebay close was at 26.34 (+1.00%). New bullish technical picture drawn on daily chart (high2 < high1, high1 < high, low2 < low1, low1 < low, close > close1, close1 > close2), we suggest to watch today closing. For intraday trading session the technical view is positive and leaves assume the up-trend continuation. However, we can’t exclude retracements towards the most significant support levels. The major oscillators confirm the upward trend.
View the interactive chart on ProRealTime.com
Simple Moving Average (SMA)
The price is above the 14 days moving average (SMA value is 24.28). The short term view is therefore bullish, however for today trading session we can’t exclude retracements towards the most significant support levels.
Daily chart shows volume is lower than the previous day. This could be a sign of a significant move to come.
Support and Resistance levels
7, 15 and 30 trading days Performance. Support, Resistance and Pivot Point levels. Last updated closing price: 15/07/2016.
Performance: 7 trading days= +10.07% – 15 trading days= +13.88% – 30 trading days= +9.84%
Resistance levels: R1= 26.47 – R2= 26.60 – R3= 26.99
Pivot Point: 26.21
Support levels: S1= 26.08 – S2= 25.82 – S3= 25.43
Buying opportunity above 26.40, targets minor resistance at 26.74 and perhaps as far as strong resistance at 26.96, where sellers could regain control. Above that level it could trigger an acceleration to the upside with the next target at 27.55.
Selling opportunity below 26.22, targets minor support at 25.88 and perhaps as far as strong support at 25.66, where buyers could get back into the market. Below that level we could expect a bearish downward movement with the next target at 25.07.