eBay Stock Could Soon Hit 3-Year Highs

2 weeks ago 10

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Laura McCandless

Mon, Mar 24, 2025, 10:27 AM 1 min read

E-commerce elephantine eBay Inc (NASDAQ:EBAY) has been trading choppily since its Feb. 26 three-year highest of $71.61, precocious consolidating astir the $65 level. The shares could soon propulsion supra that high, however, if past is immoderate indicator.

Per Schaeffer's Senior Quantitative Analyst Rocky White, EBAY has precocious pulled backmost to its 126-day moving average, which represents fractional a years worthy of trading. Specifically, the banal is wrong 0.75 of the trendline's mean existent range's (ATR), oregon 20-day ATR, for the archetypal clip successful astatine slightest 8 of the past 10 trading days, aft spending astatine slightest 75% of the past six months supra it.

eBay stock has seen six akin signals implicit the past 3 years, aft which it was higher 1 period aboriginal 86% of the clip with an mean 8.7% gain. From its existent perch astatine $66.15, a akin determination would enactment the information astatine $71.90 -- conscionable supra its February peak.

The bulk of analysts are bearish connected EBAY contempt its 6.9% year-to-date pb and caller highs. Of the 30 analysts successful coverage, 20 transportation a "hold" oregon worse rating, leaving plentifulness of country for upgrades that could supply tailwinds.