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 skidded 3.71% in the last session, leaning on the support of 36.50, representing the ratio 50% of Fibonacci retracement levels for a descending wave in the short term (from 46.99 to 26.01), coinciding with leaning on the support of the 50-day SMA, with negative signals from the RSI.
Therefore we expect the stock to return lower, provided the support of 36.50 holds on, targeting the next resistance at 38.98, which represents the ratio 61.8% of the same retracement levels.
Expected trend for today: Bullish