eBay suffers from negative pressures - Analysis - 16-03-2023

eBay's stock (EBAY) fell in the intraday levels, while hurt by piercing the upward correctional trend line in the short  term, with negative signals from the RSI despite settling at oversold saturation levels, with negative pressure from the 50-day SMA.

Therefore we expect more losses for the stock, targeting the pivotal support of 39.48, provided the resistance of 42.92 holds on.

Expected trend for today: Bearish