PayPal Holdings Inc (PYPL) Down 2.77%, in an Uptrend Over Past 90 Days; Pin Bar Pattern Appearing on Chart

PayPal Holdings Inc 4 Hour Price Update

Updated September 04, 2020 04:28 PM GMT (12:28 PM EST)

The price of PYPL sunk $-14.15 (-6.9%) over the past four hours. To help put that in perspective, note that PayPal Holdings Inc’s peers in the in the Business Services industry are down -2.87% on average during this time, while the broader Financial Services sector is down by an average of -0.59%.

PayPal Holdings Inc Daily Price Recap

The choppiness in the recent daily price action of PayPal Holdings Inc continues; to start today, it came in at a price of 204.99 US dollars, down 2.77% ($5.83) since the day prior. The price move occurred on stronger volume; specifically, yesterday’s volume was up 121.29% from the day prior, and up 213.28% from the same day the week before. 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 up. For another vantage point, consider that PayPal Holdings Inc’s price has gone up 7 of the previous 10 trading days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

Overheard Around the Web

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

    $PYPL Who buys/takes the other side of our trade during a selloff like this? If the market is expected to continue to fall, why would they buy? New trader here and hoping to understand why.

    stocktrdr777