eBay gives in to negative pressures - Analysis - 21-11-2023

eBay's stock (EBAY) fell in the intraday levels, after the pivotal resistance of 40.13 held on, while trading alongside the downward secondary trend line in the short term, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI after reaching overbought levels.

Therefore we expect more losses for the stock, targeting the pivotal support of 35.90, provided the resistance of 40.13 holds on.

Expected trend for today: Bearish