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 rose in the intraday levels after the support of 31.04 held on, amid attempts to recoup some past losses, scoring a profit of 1.02% in the last session, or 0.32 points, while trading alongside the downward correctional trend line in the short term, with negative pressure from the 50-day SMA.
Therefore we expect the stock to return lower, especially if the support of 31.04 was breached, targeting the next one at 29.01.
Expected trend for today: Likely Bearish