Paypal (PYPL) Closes Last Hour Down $-1.77; in an Uptrend Over Past 14 Days

The Hourly View for PYPL

Last Updated October 20, 2020, 10:16 GMT

At the time of this writing, PYPL’s price is up $0.51 (0.25%) from the hour prior. This is the 3rd straight hour PYPL has seen its price head down. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

PayPal Holdings Inc Daily Price Recap

The back and forth price flow continues for PayPal Holdings Inc, which started today off at 200.06 US dollars, down 2.15% ($4.39) from the previous day. The change in price came along side change in volume that was down 33.58% from previous day, but up 15.46% from the Monday of last week. The daily price chart of PayPal Holdings Inc below illustrates.

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 up. Or to view things another way, note that out of the past 30 days PayPal Holdings Inc’s price has gone up 16 them.

Overheard Around the Web

Here’s what one trader on StockTwits recently had to say in regards to PYPL:

    $PYPL have to believe some form of stimulus gets passed this week, neither side may be happy with the number, but at least they both go into election saying they did something. No stimulus looks bad for both parties. And sorry, worse for Democrats, who use to care about working American families

    davidcastelli