Paypal (PYPL) Closes Last Hour Up $1.93; 3 Day Down Streak Broken, Pin Bar Pattern Appearing on Chart, in a Downtrend Over Past 14 Days

The Hourly View for PYPL

Last Updated September 18, 2020, 23:10 GMT

At the moment, PYPL’s price is up $1.19 (0.68%) from the hour prior. This is the 2nd consecutive hour PYPL has seen its price head up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 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 is up 0.16% ($0.28) since the previous day, marking a reversal from the day prior — and the end of a 3 day negative run. The change in price came along side change in volume that was down 3.55% from previous day, but up 33.32% from the Thursday of last week. Below is a 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. For another vantage point, consider that PayPal Holdings Inc’s price has gone down 9 of the previous 14 trading days. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!

Overheard Around the Web

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

    $PYPL

    Let’s get real:

    PayPal is NOT a Tech stock man!

    This rotation out of Tech is BS because we are all going back here next month after ER

    So, thank you for more cheap shares.

    Humble_Learner