Paypal (PYPL) Price Near $239.77; Heads Down For the 2nd Straight Day

The Hourly View for PYPL

Last Updated January 18, 2021, 02:08 GMT

At the moment, Paypal’s price is up $1 (0.41%) from the hour prior. This is the 2nd hour in a row Paypal has seen its price head down. 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 is down 0.94% ($2.27) since the day prior, marking the 2nd straight day a decrease has occurred. The change in price came along side change in volume that was up 11.01% from previous day, but down 15.92% from the Sunday of last week. Below is a daily price chart of PayPal Holdings Inc.

PYPL

PayPal Holdings Inc Technical Analysis

Notably, PayPal Holdings Inc is now close to its 20 day moving averages, which may act as price barrier for the asset. Volatility for PayPal Holdings Inc has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For another vantage point, consider that PayPal Holdings Inc’s price has gone up 7 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:

    $TSNP Still here. Only good news coming and although we may dip a bit, I see a breakout sooner vs later. Added some more in my long long account. No dilution and only good news coming for next two years in hot sector (ie $SQ $PYPL $MOGO etc). GROUND FLOOR opportunity still !

    SuperStockDriver