The Hourly View for EBAY
Currently, EBAY (Get Ratings)’s price is up $0.18 (0.29%) from the hour prior. This is the 2nd hour in a row EBAY has seen its price head up. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
EBAY’s Technical Outlook on the Daily Chart
At the time of this writing, EBAY’s price is up $1.58 (2.58%) from the day prior. It’s been a feast for bulls operating on the daily timeframe, as EBAY has now gone up 4 of the past 5 days. Regarding the trend, note that the strongest trend exists on the 100 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. Ebay Inc’s price action over the past 90 days can be seen via the chart below.
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The post Ebay Inc (EBAY): Price Up $1.58 (2.58)% Over Past Day, Up $0.18 (0.29)% Over Past Hour appeared first on ETF Daily News.
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