eBay price starts recovering - Forecast today - 28-03-2024

eBay Stock Analysis

eBay’s stock price rose in the intraday levels amid the dominance of the main upward trend in the short term, with positive pressure from the 50-day SMA, coupled with positive signals from the RSI after reaching oversold levels compared to the stock’s movements, hinting at positive divergence.

Therefore we expect more gains for the stock, targeting the resistance of 52.83, provided the support of 49.50 holds on.

Trend Forecast

• Likely Bullish: Considering the positive pressure from the 50-day SMA and positive signals from the RSI, we anticipate continued upward momentum for eBay's stock.

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