Annual Forecast for eBay – 2020

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Ebay Inc. shares (NASDAQ:EBAY) are already showing signs of weakness, but the trend will not turn completely bearish until the demand zone at 33.00 is breached to the downside and price remains below it.

In spite of what is said in the preceding paragraph, there is already a short-term “sell” signal in the market. The ADX period 14 is around the level 20, which shows low momentum with a possibility that the momentum will rise soon. The DM- has just crossed the DM+ to the upside, which shows that buyers are capitulating.

The MACD default parameters, has its signal lines pointing downwards, threatening to cross the zero line to the downside. The histogram is already below the zero line. Once the signal lines go below the zero line, there would be a Bearish Confirmation Pattern in the market, which would signal the possibility of a bearish year for eBay.

Given the conditions in the market and the indicators readings, the probabilities that EBAY will go bearish is very high.

 

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