eBAY stock analysis. The ecommerce stock is soaring

eBay Inc. stock analysis. The company operates the marketplace and classifieds platforms that connect buyers and sellers worldwide. Its Marketplace platform includes its online marketplace at ebay.com and the eBay suite of mobile apps. The Classifieds platform comprises a collection of brands, such as Mobile.de, Kijiji, Gumtree, Marktplaats, eBay Kleinanzeigen, and others.

eBay chart price analysis

EBay (NASDAQ: EBAY) e-commerce stock is soaring and creating strong imbalances like the new one on the weekly timeframe around $30 per share. EBAY stock has a lot of potential to keep on rallying, and new long opportunities are being created. The supply and demand analysis below shows the strongest one for long-term investors. We expect eBay to break an all-time high again and create new imbalances before it drops down there.

EBAY ecommerce stock soaring
EBAY ecommerce stock soaring

E-commerce companies like Ebay Inc (NASDAQ: EBAY) have emerged as a favourite play on Wall Street during the coronavirus pandemic, amid a growing consensus that upcoming results will reveal a potentially permanent shift in consumer behaviour toward online shopping. This is not a new thing; the pandemic effect is just helping it.

eBay can make new all times high

While online sales, especially those from Ebay Inc (NASDAQ: EBAY), have long been growing their market share as a percentage of overall retail spending, the trend has been accelerated because of the shutdowns. Analysts have said that the higher demand will likely outlast the pandemic, especially in categories like groceries, which previously had less online traction.

The long-term bias and forecast for Ebay Inc (NASDAQ: EBAY) is bullish, with strong, bigger timeframe demand imbalances being created and respected.

eBay stock price action analysis

This is the kind of price action technical analysis you will learn in our trading forum. You will learn how to locate new supply and demand imbalances on eBay and trade without using any indicators, no news, no fundamental analysis, no earnings announcements, no volume or VSA analysis. Just supply and demand imbalances.

Trading supply and demand imbalances are ideal for beginners and those with full or half-time jobs. You won’t need to stay in front of the computer all day long trying to move price action with your mind. 

eBay stock supply and demand imbalances

As supply and demand traders, we do not need to pay attention to the news, fundamentals or any earnings reports. Once a big timeframe imbalance has gained control, earnings do just the opposite and react strongly to those imbalances. Why is it that you see positive earnings, and then the underlying stock drops like a rock, or a negative earnings announcement and the stock rallies like a rocket out of control? You are probably missing the fact that there are big imbalances in gaining control.

Unless you are doing very short-term trading and scalping, you should not worry about fundamentals or earnings announcements on eBay stock.

You can use these imbalances to plan your trades in lower timeframes. Trading is just waiting for the right trigger points and scenarios to present themselves, this game has got a name, and it’s called the waiting game. We need to patiently wait for the correct scenarios and setups to happen and wait for the price to pull back or dip into the price levels we want to trade, in our case these price levels are made of supply and demand imbalances.

Join our online trading academy if you want to learn how to trade using our supply and demand trading strategy.

There are several ways of buying stocks and futures. When trading stocks, you can buy shares of the underlying stock or use options strategies to go long or short at these specific supply and demand levels, long calls or long puts or spreads. You can even buy a CFD (contracts for difference) for eBay stock if you are in a country where it’s allowed.

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