eBay under management: sell signal slips again
eBay drops 2.4% as MACD turns bearish and money flows out
eBay under management: sell signal slips again
Our view last week
eBay stock is back in the red this week: in this week's technical analysis the shares slide 4.4% and carve out a fresh low, pushing Signal Strength for the Sell signal back up to 50 out of 100 — a decline making lower lows. The two-week bounce that had nearly snuffed out the signal has stalled. eBay climbs to 64th among the 140 US sell signals, with earnings due August 5.
This week's summary
eBay's weekly MACD has just crossed bearish and money flow has slipped back below zero, with sellers handling nearly two thirds of last session's volume. The stock drops 2.4% this week, confirming the deterioration after the prior week's 4.4% decline. The late-June bounce, when buyers were still firmly in control, now looks like a thing of the past.
IQS Phase
57
ordinary
Signal Strength
78
downtrend making lower lows, pace holding
Sizing
STANDARD
Ranking
#20 / 141
US stocks
Trade P&L %
-1.41%
from signal to today
Rank position
ranks 20th among the 141 sell signals for US stocks in our ranking, with a signal strength of 78 out of 100.
Sector context
SectorConsumer Discretionary
Benchmark ETFXLY
Sector regimeweak phase
Performanceweekly -5.22% · monthly -4.92%
EBAY belongs to the consumer discretionary sector (reference ETF XLY). The sector is classified weak phase according to our weekly reading.
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