Home Finance eBAY Stock Keeps Hitting New Highs. Is More Growth Ahead?

eBAY Stock Keeps Hitting New Highs. Is More Growth Ahead?

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  • eBay (EBAY) is showing strong technical momentum, hitting new all-time highs in morning trading on Wednesday.

  • The stock maintains a 100% “Buy” opinion from Barchart’s indicators.

  • The stock gained nearly 76% over the past year and trades above key moving averages.

  • Fundamentals are solid with projected revenue and earnings growth, but eBay’s valuation is mixed with some analysts calling it overvalued.

Valued at $44.4 billion, eBay (EBAY) is an online shopping site that allows visitors to browse through available products listed for sale or auction through the company’s online storefront. Over the years, the company has evolved from a relatively small community user-based auction site to a commercial behemoth.

I found today’s Chart of the Day by using Barchart’s powerful screening functions to sort for stocks with the highest technical buy signals; superior current momentum in both strength and direction; and a Trend Seeker “buy” signal. I then used Barchart’s Flipcharts feature to review the charts for consistent price appreciation. EBAY checks those boxes. Since the Trend Seeker signaled a buy on July 10, the stock has gained 25.69%.

EBAY Price vs. Daily Moving Averages:

www.barchart.com

Editor’s Note: The technical indicators below are updated live during the session every 20 minutes and can therefore change each day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report. These technical indicators form the Barchart Opinion on a particular stock.

eBay shares hit a new all-time high on Aug. 13, touching new highs above $98 in morning trading.

  • eBay has a Weighted Alpha of +89.64.

  • EBAY has an 100% “Buy” opinion from Barchart.

  • The stock gained 74.47% over the past year.

  • EBAY has its Trend Seeker “Buy” signal intact.

  • eBay is trading above its 20-, 50-, and 100-day moving averages.

  • The stock made 13 new highs and gained 26.03% in the last month.

  • Relative Strength Index (RSI) is at 81.16%.

  • There’s a technical support level around $95.50.

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