eBay settles at negative zone - Analysis - 06-01-2021

eBay's stock declined and settled below the resistance of 67.44, representing the ratio 38.2% of Fibonacci retracement levels for an ascending wave in the medium term (from 45.35 to 81.17), 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 next support at 59.04, representing the ratio 61.8% of the same retracement levels.

Expected trend for today: Bearish