Current trend

Shares of eBay Inc., an American online retailing company, are adjusting at 59.00.

Robert W. Baird & Co. investment bank experts confirmed the emitter's stock rating at the "Outperform" level with a target price of 62.0 dollars per share. In their opinion, the level of transactions for July confirms the prospects for the third quarter, which will also have a period of autumn sales related to preparation for the new academic year and other holidays. eBay Inc. has an opportunity for gross merchandise volume (GMV) growth in the second half of the year and an increase in margins on an annualized basis.

According to the financial report for the second quarter, the emitter's revenue amounted to 2.60 billion dollars, exceeding the forecast of 2.53 billion dollars and 2.50 billion dollars for the same period a year earlier. Earnings per share (EPS) were 1.18 dollars, also above the 1.13 dollars forecast and 1.03 dollars last year.

The next dividend payment is scheduled for September 13, the amount of which will be 0.27 dollars per share, which is equivalent to a quarterly yield of 1.84%. The shareholders' register was cut off on August 30.

Support and resistance

On the D1 chart, the asset is trading within the corrective trend, moving further away from the support line of the ascending channel with the boundaries of 64.00–57.00.

Technical indicators have been deployed for a long time and hold a stable buy signal: the range of EMAs fluctuations on the Alligator indicator continues to expand in the direction of growth, and the AO histogram forms new correction bars, being significantly above the transition level.

Support levels: 57.70, 52.90.

Resistance levels: 59.80, 63.90.

Trading tips

If the asset continues to grow and the price consolidates above the local maximum of 59.80, long positions with a target of 63.90 and a stop-loss of 58.00 will be relevant. Implementation period: 7 days and more.

In the event of a reversal and continued decline of the asset, as well as price consolidation below the support level of 57.70, one can open short positions with a target of 52.90 and a stop-loss of 60.00.