Paypal (PYPL) Closes Last Hour Up $1.09; in an Uptrend Over Past 90 Days, Heads Down For the 3rd Consecutive Day

The Hourly View for PYPL

Last Updated September 17, 2020, 23:16 GMT

Currently, PYPL’s price is down $-2.63 (-1.46%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50 and 100 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

PayPal Holdings Inc Daily Price Recap

PayPal Holdings Inc came into today down 2.83% ($5.12) from the open of the previous day, marking the 3rd consecutive day it has gone down. As for how volume fared, yesterday’s volume was up 42.12% from the previous day (Tuesday), and up 25.12% from Wednesday of the week before. Let’s take a look at the daily price chart of PayPal Holdings Inc.

PYPL

PayPal Holdings Inc Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. Or to view things another way, note that out of the past 10 days PayPal Holdings Inc’s price has gone down 8 them.

Overheard Around the Web

Over on StockTwits, here’s an example of what they’re saying about PYPL:

    $PYPL yes , it was pricy at above 200$ . But after -15% off ATH . Near MA100 and soon to be oversold on RSI.

    The stock is at the same level than June 23th . So, it gave 2 and a half months of gains in 10 days

    alfredomunozz