Paypal (PYPL) Price Near $197.69; Price Base in Formation Over Past 14 Days, Pin Bar Pattern Appearing on Chart, Breaks Above 20 and 100 Day Averages

The Hourly View for PYPL

Last Updated November 23, 2020, 15:12 GMT

Currently, PYPL’s price is up $5.63 (2.92%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 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

PayPal Holdings Inc came into today up 0.93% ($1.77) from the open of yesterday, marking the 2nd straight day an upward move has occurred. As for how volume fared, yesterday’s volume was up 21.69% from the previous day (Saturday), and up 24.88% from Sunday of the week before. Here is a daily price chart of PayPal Holdings Inc.

PYPL

PayPal Holdings Inc Technical Analysis

Moving average crossovers are always interesting, so let’s start there: PayPal Holdings Inc crossed above its 20 and 100 day moving averages yesterday. The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. Also of note is that on a 14 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For additional context, note that price has gone up 5 out of the past 10 days. As for those who trade off of candlesticks, we should note that we’re seeing pin bar pattern appearing here.

Overheard Around the Web

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

    $SRAX any idea amount the death of the ceo of bigtoken? Srax has been slow to release any information. Any other company would have made a statement by now….. like a long time ago. But I have yet to see an 8K………. maybe its caught up in legal……. Christy any news??.? Sort of a big deal for shareholders at this point….. wouldn't everyone agree. $RIOT $PYPL $SQ. The bitcoin community would like some answers. It looks like the type of bussiness that has hurt blockchain growth for years.

    Since srax shareholders must have received spinoff shares i just was hoping to get an opinion by a shareholder with duel rights recieved through the spinoff?

    Which srax holders recieved bigtoken shares for compensation as the asset was rightfully srax common shareholder property.

    two4one