eBay Inc.(EBAY) is in an downtrend

(23-May-2008) (23-May-2008) eBay Inc.(EBAY) closed at 29.65, down -0.71 or -2.34 % today. Based on our analysis, eBay Inc.(EBAY) is in an downtrend.

The closing price of eBay Inc.(EBAY) is below its 50 day moving average of 30.79 (Designated by blue line). This indicates that the trend is down. The MACD histogram(Gray bars on the bottom) below the signal line(Dark Red Line) tells us that eBay Inc.(EBAY) is losing momentum. The loss of momentum in a downtrend confirms that the downtrend is intact. The MACD histogram crossed below the signal line on 19-May-2008, about 8 trading days ago.