Score 7.5 (out of 10): EBAY INC sets up for +6% rally in 1 month

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What’s Going On Here?

eBay is acquiring trading card marketplace TCGplayer for up to $295M, citing that trading cards are currently showing “substantial growth”. The deal is expected to close in the first quarter of 2023.

Why Now?

EBAY INC has triggered a new price range signal. During similar occasions, EBAY INC shares had a median return of +6%, over the following 1 month – based on 10 historical occasions with 8 of those showing positive returns (80%). This buy signal for EBAY INC received a high score of 7.5 (out of 10). This insight was generated on 2022-August-22 with last price of 45.39.

What’s This Company About?

EBAY INC is in the E-Commerce/Products business. Based on the last 2 years’ risk/return profile, this asset is seen as Very Risky. Ticker symbol: EBAY US.

What’s My Risk / Reward and Time Horizon?

We found 1 month to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 48.11 (+6%) has been reached. Based on EBAY INC’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 43.29 (last price at 45.39), which is equivalent to a -4.6% decline.

Returns during similar periods:

The chart above shows the previous returns (in %) based on similar setups with the most recent ‘insight’ shown under (1), the second most recent ‘insight’ under (2), etc.

Previous episodes:

-0.6% (May-2022), – 9.5% (January-2022), 10.2% (October-2021), 16.6% (March-2021), 1.1% (September-2020), 15.4% (March-2020), 6.5% (January-2020), 0.7% (October-2019), 5.5% (August-2019), 26.9% (December- 2018).

Historical Chart:

Summary:

NameEBAY INC
ViewUp
Star (1 to 10)7.5
Target6%
Time1 month
Hit Rate80%

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