Sticking with a stock when the broad market is getting pummeled can be hard. Let's check out the charts to see if we may have to endure some short-term pain.
In this daily bar chart of eBAY, below, we can see that prices are testing the rising 50-day moving average line. The overall volume pattern from late January shows a rough decline in volume, which is not what technical analysts like to see.
The daily On-Balance-Volume (OBV) line shows a rising pattern from late December to late July. The recent decline in the OBV line could be the start of a longer and deeper pullback. The Moving Average Convergence Divergence (MACD) oscillator has crossed to the downside again with the zero-line not far away. A move below the zero-line will be an outright sell signal.
In this weekly bar chart of EBAY, below, we can see that prices stopped rallying at the underside of the chart resistance in the $42-$47 area. The bottom end of support should be the $36 area and that could be tested in this market environment. The weekly OBV line has been "stuck" from making new highs and this is a bearish divergence when compared to prices, which made new highs. The MACD oscillator has narrowed and is close to a bearish crossover.
In this Point and Figure chart of EBAY, below, we can see a potential downside price target of $36. A trade at $34.96 will be a new low for the move down on this chart and could precipitate further declines.
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Bottom line strategy: A weak stock market can drag down most stocks and looking at the charts above I would prepare for EBAY to get dragged down to the $36 area in the weeks ahead.