eBay Stock Jumps 4.26% to $92.17 as Technicals Signal Bullish Reversal

eBay shares posted notable gains in the most recent session, rising 4.26% to close at $92.17, marking two consecutive days of strength with a cumulative 5.24% advance. This recovery follows a period of heightened volatility, warranting a multi-indicator technical assessment.
Candlestick Theory
Recent price action reveals a bullish reversal signal. The latest session formed a robust white candle closing near its high ($92.17 vs. high of $92.26), breaking above the prior swing high of $91.14 (2025-09-26). This follows a hammer-like pattern on 2025-10-02 (low $86.35, close $88.4), which established interim support near $86-$88. Immediate resistance is now observed around the psychological $92.50-$93 zone, where September’s consolidation occurred. A decisive close above $93.36 would confirm bullish intent.
Moving Average Theory
The 50-day moving average (trailing ~$88) recently provided dynamic support during the October dip. Current price trades above this level and the shorter 20-day MA ($89.50), indicating strengthening short-term momentum. However, it remains below the key 100-day ($94) and 200-day ($82) averages. The proximity between the 50-day and 200-day MAs suggests a potential long-term "golden cross" formation is developing, though resistance near $94-$95 must first be overcome to confirm trend reversal.
MACD & KDJ Indicators
MACD shows a bullish crossover emerging, with its histogram flipping positive on the 2-day rally. KDJ lines (K:68, D:58, J:88) exhibit upward momentum, with the J-line piercing above 80 indicating strengthening bullish bias. While not yet overbought, KDJ’s ascent warrants monitoring for potential exhaustion. MACD’s alignment with price recovery adds credence to near-term upside potential, though divergence against late-August highs persists.
Bollinger Bands
Bands contracted notably during September’s $88-$94 consolidation, signaling reduced volatility ahead of the recent breakout. Price now touches the upper band ($92.30), typically suggesting near-term overextension. A sustained move above $92.50 would trigger band expansion, validating upside continuation. Alternatively, failure to hold above $91.50 may signal a retreat toward the middle band ($89.50).
Volume-Price Relationship
Recent gains are validated by expanding volume, with turnover rising 27% to 7.65M shares on the 4.26% surge – a sign of accumulation. This contrasts with the high-volume sell-off on 2025-08-26 (-3.97% on 10M shares). Notable support was established at $88 with elevated volume during the rebound (2025-10-01/02). Sustained trade above 6M shares would bolster bullish conviction, while fading volume at resistance would suggest hesitation.
Relative Strength Index (RSI)
The 14-day RSI (56) climbed from a near-oversold 32 on 2025-10-01, reflecting improving momentum. While not yet overbought (70+), RSI divergence against August’s peak (price lower high, RSI lower high) implies latent bearish pressure. Current readings suggest neutral territory, aligning with the breakout attempt but warranting caution near resistance.
Fibonacci Retracement
Applying Fib levels to the July-August surge (low $77.56 to high $100.7) reveals critical thresholds. The 38.2% retracement ($92.30) aligns precisely with recent resistance, while the 23.6% level ($95.90) marks next resistance beyond the September high. Support converges near the 50% retracement ($89.10) and the 61.8% level ($85.80), reinforcing the $86-$89 zone as a strategic buying area.
Confluence & Divergence Notes
Convergence is evident at $88-$89 (50-day MA, Fib 50%, volume support) and $92-$93 (recent resistance, Fib 38.2%, Bollinger upper band). This cluster heightens significance for these levels. The primary divergence remains between RSI/MACD and the August peak, suggesting intermediate-term trend weakness despite short-term bullishness. While momentum favors a test of $93.50, overhead supply near Fib levels and volume resistance at $94 may cap upside without substantial catalyst-driven volume expansion.