Stock of the day: eBay

In today’s stock spotlight, we focus on eBay, which made a significant technical move last week by breaking above the key horizontal resistance at $71.50, highlighted in orange. This level has been the most important technical barrier in 2025, capping the price in January, February, and March.

The breakout above this level was impressive and marked a shift in sentiment toward bullish. However, the price now faces a critical test — will the breakout hold or fail?

There’s a visible threat of a false breakout. A move back below the $71.50 level, especially with a daily close underneath, would confirm a false breakout, marked in yellow. This would generate a strong sell signal and could invite downward pressure.

Conversely, if the price bounces off $71.50 and continues to climb, that would reaffirm bullish sentiment and confirm the breakout as genuine. In that scenario, traders could look for continued upside in the short to medium term.

This setup makes eBay one to watch closely in the coming sessions.