Paypal (PYPL) Price Near $180.89; Moves Down For the 2nd Day In A Row, in a Downtrend Over Past 14 Days

The Hourly View for PYPL

Last Updated September 16, 2020, 23:15 GMT

Currently, PYPL’s price is down $-0.26 (-0.14%) from the hour prior. PYPL has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. 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 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 closed yesterday down 2.75% ($5.11); this denotes the 2nd day in a row it has gone down. The price move occurred on volume that was up 4.64% from the day prior, but down 52.46% from the same day the week before. Here 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 8 of the previous 14 trading days.

Overheard Around the Web

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

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