Don’t Look Now, But Paypal is Going Parabolic

The Hourly View for Paypal

  • Currently, PYPL’s price is up $0.06 (0.03%) from the hour prior.
  • It’s been a feast for bulls operating on an hourly timeframe, as Paypal has now gone up 8 of the past 10 hours.
  • As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe.
  • Price action traders may also wish to note that we see a pin bar candlestick pattern on Paypal. Given that we see an uptrend on the 20 and 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Paypal’s hourly price chart is shown below.

PYPL

The Daily View for Paypal

  • Currently, PYPL’s price is up $4.18 (2.01%) from the day prior.
  • The daily chart shows that Paypal has seen 2 straight up days.
  • Regarding the trend, note that the strongest trend exists on the 50 day timeframe.
  • Price action traders may also wish to note that we see some doji and pin bar candlestick patterns on Paypal. Given that we see downtrend on the 20 and 10 daily candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
  • Divergence between PYPL’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in PYPL’s price.

Below is a daily price chart of Paypal.

PYPL

Featured Paypal Idea From TradingView

Below is a trading comment entitled is $ PYPL really in the Mark-Down Phase? you may find interesting:

The target price is about to be hit.”TA is just a probabilistic analysis- not certainty. Everything is possible. The analysis just points to what is likely probable. TA is not 100% correct.” – George Tan NASDAQ:PYPL

Damako