Paypal Does it Again: Heads Down for the 3rd Straight Day

The Hourly View for Paypal

  • At the moment, PYPL’s price is down $-0.29 (-0.13%) from the hour prior.
  • Paypal has seen its price go down 8 out of the past 10 hours, thus creating some compelling opportunities for bears.
  • Regarding the trend, note that the strongest trend exists on the 50 hour timeframe.
  • Price action traders may also wish to note that we see a doji candlestick pattern on Paypal. Given that we see downtrend 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 bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

Paypal’s hourly price chart is shown below.

PYPL

The Daily View for Paypal

  • At the moment, PYPL’s price is down $-1.82 (-0.79%) from the day prior.
  • Paypal has seen its price go down 4 out of the past 5 days, thus creating some compelling opportunities for bears.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 20 day timeframe.
  • 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.

Below is a daily price chart of Paypal.

PYPL

Featured Paypal Idea From TradingView

Below is a trading comment entitled All the relevant levels and directions in PYPL you may find interesting:

Today we will take a look at Paypal ; let’s start with the main technical elements we can see: First: The support and resistance levels. Currently, the price is against a major support zone working since the beginning of the year. From here, we have defined the next support level and the next resistance zone. Both will be working as primary targets, either for bullish or bearish resolutions. Regarding the bullish view, we have two descending trendlines we should pay attention to. Based on previous beha…

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