EBAY trade ideas
EBAY 6/1/2023EBAY
I love shopping on eBay so I won’t enjoy this one as much.
Daily chart analysis
After reaching all-time highs back in Q4 2021, eBay entered a downtrend (under 200ema) for most of 2022.
So far thru 2023, price has pulled back (to 200ema) and has been moving sideways (Distribution stage) in form of Head and Shoulders pattern.
Want high probability trades? Trade patterns that coincide with the trend.
Head & Shoulders pattern (Bearish pattern) + Downtrend (Bear market) = High probability short trade
The neckline has yet to be broken but the current price gives us a nice risk/reward entry.
This is my cue to enter trade short.
Entering trade short.
Entry: 43.25
Stoploss: 48.25, -11.56%
Target: 27.65, +36.07%, 3.12 RR ratio
EBAY Options Ahead of EarningsIf you haven`t sold EBAY on active buyers decline:
or here:
Then analyzing the options chain and chart patterns of EBAY prior to the earnings report this week,
I would consider purchasing the $47.50 strike price Puts with
an expiration date of 2023-9-15,
for a premium of approximately $1.60.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
EBAY - BEARISH SCENARIOIn the second quarter of 2023, eBay Inc. (EBAY) reported non-GAAP earnings of $1.03 per share and net revenues of $2.54 billion, beating expectations. The company experienced strong momentum in its advertising offerings, with Promoted Listings generating revenues of $341 million, a 47% increase on a reported basis and 49% on an FX-neutral basis compared to the previous year's quarter. Total advertising offerings brought in $367 million in revenues, growing 33.5% year-over-year.
However, there were concerns regarding softness in eBay's Marketplace platform and a decline in its active buyer base by 4%, totaling 132 million at the end of the second quarter, falling short of the consensus estimate. Additionally, eBay's gross merchandise volume (GMV) declined during the quarter.
Despite challenges, eBay is focusing on integrating AI technology into its platform to enhance customer experiences and drive customer momentum in the near term.
Year-to-date, eBay's stock has gained 19.1%, underperforming the industry's growth of 35%.
In the second quarter, eBay's gross margin was 71.7%, contracting by 90 basis points (bps) year-over-year. Operating expenses rose 5.7% year-over-year, with the figure expanding to 51.3% of net revenues from the previous year's level. The non-GAAP operating margin was 26.9% in the second quarter, down 180 bps year-over-year.
As of June 30, 2023, eBay had $4.5 billion in cash equivalents and short-term investments, up from $4 billion in March 31, 2023. The long-term debt remained flat at $7.72 billion compared to the prior quarter.
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EBAY abcd SHORT in dailyAs you can see an ABCD patter has formed right now. It is symmetrical in time and price
I am selling short at the market price (48.55$) and putting a stop 1$ above.
EBAY Stock Chart Fibonacci Analysis 070923 Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 45.4/61.80%
Chart time frame : B
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : B
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern.
When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point.
As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved.
If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks.
If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
EBAY long position RSI is uptrending as well which shows strength of the trend.
We believe that the price will increase. So we can enter the long position now.
Potential profit 72%.
Risk reward ratio: 5,15
3 targets are shown on the chart.
Harmonic CARB patternEBAY for long trend as my analysis thought after down trend end, Harmonic Carb pattern always come in third wave
We can see the first wave it's change of character as SMC analysis and the second wave for complete the character and retest the PRZ ( potential resistant zone )
So I measure the target according to Harmonic Carb pattern using Fibonacci 3.618
EBAY: Buy it Now?EBAY stock is in trouble technically
There is a potential that it could be setting up for a major down move that retraces a lot if its all time gains
Fundamentals- a few years ago they reshaped their business model and tried to refocus on what they do best- helping people sell stuff
Unfortunately that hasnt worked out too well and their competitors (Amazon, ETSY, etc- anybody else who helps people sell their stuff) have chipped away at their market share.
So in a nutshell I would say DO NOT "Buy it Now"- Buy It Later... because it will be much cheaper
EBAY - Recovery StructureThis I would call an inverted H&S
A recovery structure has ensued from the previous drop on EBAY
This is still what I would call bullish on many timeframes
EBAY - Falling Trend Channel [MID TERM]- EBAY is in a falling trend channel in the medium long term.
- EBAY has given a positive signal from the inverse head and shoulders formation by a break up through the resistance at 45.27.
- Further rise to 61.20 or more is signaled.
- EBAY is testing resistance at 47.00.
- Overall assessed as technically neutral for the medium long term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price
*Chart Pattern:
DT - Double Top | BEARISH | RED
DB - Double Bottom | BULLISH | GREEN
HNS - Head & Shoulder | BEARISH | RED
REC - Rectangle | BLUE
iHNS - inverse head & Shoulder | BULLISH | GREEN
Verify it first and believe later.
WavePoint ❤️
EBAY: Inverted Head and Shoulders at S/R ZoneEbay after making a 0.786 retrace has bounced back into a Support/Resistance zone and has formed an Inverted Head and Shoulders while doing so.
Is $EBAY Completing a Bearish Head and Shoulders Top?Is NASDAQ:EBAY Completing a Bearish Head and Shoulders Top?
The monthly chart is pretty close to completing the right shoulder in what looks to be a bearish Head and Shoulders formation.
Measuring from the top of the head down to the neck line would put the price target down to $3.00 and change.
It will be interesting to continue to watch what the 14 RSI does as it approaches 50, which is usually a resistance point in downtrends.
Hard to say if it will go that low, or if the right shoulder will even complete the bear flag it is in the middle of right now.
EBAY Stock Chart Fibonacci Analysis 041323 Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 43.3/61.80%
eBay showing bottom of the current swing
eBay showing bottom of the current swing, may be we should buy if it stays green for another day
My 2 cents on eBay It's technically a quite bullish chart. The price has established an higher low, has broken above the 30's SMA and has broken the descending trendline, re-tested it and now it seems like we're in the game. ;)
Furthermore there is a bullish seasonality playing out ATM. So I put on my horns in this case ...
EBAY Options Ahead of EarningsI wonder who is still using Ebay?! I used to have a store there and close it because of their high fees.
If you haven`t sold EBAY here, on the active buyers decline:
Then you should know that looking at the EBAY options chain ahead of earnings , I would buy the $47.5 strike price Puts with
2023-7-21 expiration date for about
$3.70 premium.
If the options turn out to be profitable Before the earnings release, I would sell at least 50%.
I have chosen that expiration date to allow me to be wrong and not close the position and to have a bigger gain by the expiration date, if EBAY keeps going lower.
Looking forward to read your opinion about it.
eBay monthly log chartOnly a solid monthly close above 50$ overrides this doomsday chart for eBay
#nasdaq #amazon #ebay #arkk #tesla
EBAY - Why Can It Rise Again?EBAY - Why Can It Rise Again?
EBAY - Why can it rise again?
As we have seen in previous quarters, EBAY has reported very good earnings data. Every time above expectations.
On February 22, 2023, EBAY is due to report earnings again.
On the chart, we can also see that the price broke out of a strong structure area adding more value to the bullish move.
Considering that everyone will anticipate the Earnings Report but also
the dividend day which will be at the end of the month we can assume that more liquidity will join the EBAY stock over the next few days.
PS: Be careful as history is showing that on dividend day the price started a bearish move and I don't think you want to get stuck there...
Thanks and good luck!
ebay 2 scenariosebay 2 scenarios .. 1] buy above support 1 and follow the uptrend channel .. 2] sell after the break under the support 1
Inverse head and shoulders EBAYLooks like a potential bullish move on EBAY could be happening soon if the price breaks above and retests the neck line of this head and shoulders.
EBAY daily. continuation of price move?EBAY breakout of the symmetrical triangle which was inside of the down channel is bullish. Breakout was on bigger volume and was also breakout through BigRed 200 days MA which is also very bullish, and now is forming high base formation just right after its breakout.
Friday's price action wasn't confirmed with volume as it was below 20 days average.
It is above all major MA which is bullish.
RSI is neutral.
MACD histogram is ticking lower but the MACD line is still above the signal line which is bullish.
Overall: EBAY after such a strong move above the trend line and BigRed EBAY deserves to be on the watchlist. In the case of its breakout of the high base, long trade would be triggered above a small red dotted line or high from 18 Jan. The initial target would be around 50.80 which was the last high. The ideal situation would be for eBay to consolidate on these levels for a few more days on lower volume and then break out strong.
Drop below the trendline and BigRed would cancel the possibility of a long trade.
