Friday’s stock of the day brings us a closer look at eBay, which has been consolidating in recent weeks, moving sideways in a relatively tight range. Despite this short-term stagnation, the broader trend remains bullish, driven by a strong and steady uptrend that started at the end of 2023.
This ongoing uptrend is well supported by two key trendlines: a steeper black uptrend line and a more gradual green one. Both continue to offer structural support for the bullish momentum. As long as eBay remains above these trendlines, the mid- and long-term sentiment remains clearly positive.
A key level to watch on the upside is the horizontal resistance marked at $71.40, shown by the blue line on the chart. This level has capped gains several times in 2025 and represents a major hurdle for buyers. A daily close above this resistance would confirm a breakout and generate a strong long-term buy signal.
On the other hand, should the price break below both supporting uptrend lines, it would indicate a shift in sentiment and generate a potential sell signal, especially if it’s accompanied by strong volume.
In the meantime, while the price remains above support and below resistance, eBay continues to offer a constructive setup for bulls—with breakout potential firmly on the table.