Paypal Has Now Headed Down 4 Out of the Past 5 Days

The Hourly View for Paypal

  • At the moment, PYPL’s price is down $-0.64 (-0.25%) from the hour prior.
  • It’s been a feast for bears operating on an hourly timeframe, as Paypal has now gone down 4 of the past 5 hours.
  • If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe.
  • Of note is that the 20 hour changed directions on PYPL; it is now pointing down. 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 $-0.43 (-0.17%) from the day prior.
  • It’s been a feast for bears operating on the daily timeframe, as Paypal has now gone down 4 of the past 5 days.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 100 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.
  • 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

Latest News Discussing PYPL

  • Financial and Technology Stocks Making Headlines – JJ Kinahan
    October 13, 2021

    Today kicks off the unofficial start of the fall earnings season with some big banks in focus, but before investors can dive into the earnings news they have to deal with some Apple (NASDAQ: AAPL) news. After Tuesday’s close, Apple announced it wa…

  • Stripe To Hire New Crypto Team Three Years After Abandoning Bitcoin Services – Samyuktha Sriram
    October 13, 2021

    Payments processor Stripe is looking to add four engineers to its new crypto team as it builds out a strategy for digital assets.
    What Happened: According to job listings on Stripe’s website, the company is looking for engineers with technical exp…

  • United Airlines (UAL) to Offer PayPal Inflight Payment Option – Zacks Equity Research
    October 13, 2021

    United Airlines (UAL) customers on select flights can make inflight purchases by simply showing a PayPal QR Code to the flight attendant.