Stock of the Day: eBay
12 November 2025
In today’s stock of the day, let’s analyze eBay, which recently completed a major bearish technical formation. Since the middle of the year, eBay’s chart has been shaping a double top pattern, marked with orange color, signaling potential exhaustion of the previous uptrend. The first top was formed in August, followed by a second top in October, both creating a clear resistance zone that sellers have successfully defended.
The breakout below the neckline — the yellow horizontal support area — confirmed the activation of the double top pattern and triggered a move lower, in line with classical technical expectations. However, what we are seeing now is a typical post-breakout behavior: the price is retesting the broken support, which now acts as a resistance. The first reaction to this retest is bearish, with sellers pushing the price lower again, reinforcing the negative sentiment.
As long as eBay’s price remains below the yellow resistance zone, the outlook stays bearish, and the probability of further downside remains high. On the other hand, a daily close back above this level would invalidate the double top, turning the setup into a false breakout scenario and providing a buy signal for a potential bullish recovery. For now, though, the pressure remains on the sellers’ side.