eBay bounces back, but the decline won't let go
eBay stock climbs 4.2% this week, but money flow stays in negative territory
eBay bounces back, but the decline won't let go
Our view last week
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.
This week's summary
eBay stock bounces 4.2% this week with buyers back in control of 57% of volume, but money flow stays negative and momentum has turned lower — our technical analysis flags a distribution phase still underway beneath the surface. The decline holds its direction, and earnings due August 5 keep the risk elevated.
IQS Phase
54
ordinary
Signal Strength
9
decline fading out
Sizing
MINIMUM
Ranking
#68 / 138
US stocks
Trade P&L %
-5.69%
from signal to date, no stop loss
Rank position
ranks 68th among the 138 sell signals for US stocks in our ranking, with a signal strength of 9 out of 100.
Sector context
SectorConsumer Discretionary
Benchmark ETFXLY
Sector regimein positive regime
Performanceweekly +6.11% · monthly -1.69%
EBAY belongs to the consumer discretionary sector (reference ETF XLY). The sector is classified in positive regime according to our weekly reading.
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