Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
eBay's stock fell in the intraday levels, registering a loss of 0.8% in the last session, or 0.19 points, after the stock hit a session-high at 23.82, but couldn't keep these gains, with ongoing negative pressure from the SMA for the last 50 days period, as relative power indicators emit negative signals after reaching extremely overbought levels, forcing the stock down before the close, while being hurt by exiting an ascending correctional price channel previously in the short term.
Therefore we expect more losses to come for the stock, targeting the support of 22.88.