The Hourly View for PYPL
Last Updated September 11, 2020, 15:12 GMT
At the moment, PYPL’s price is down $-1.43 (-0.75%) from the hour prior. The hourly chart shows that PYPL has seen 2 straight up hours. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. Of note is that the 20 hour changed directions on PYPL; it is now pointing up. 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 entered today at $190.09, down 2.32% ($4.51) from the day prior. The change in price came along side change in volume that was down 22.14% from previous day, but up 17.21% from the Thursday of last week. Below is a daily price chart of PayPal Holdings Inc.
PayPal Holdings Inc Technical Analysis
Coming into today PayPal Holdings Inc is now close to its 50 day averages, located at 189.17 respectively, and thus may be at a key juncture along those timeframes. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 8 out of the past 14 days. Traders may also wish to note that there is a bearish engulfing pattern in play, which suggests the uptrend on the 90 day charts, may be slowing down and ready to reverse.
Overheard Around the Web
Here’s what one trader on StockTwits recently had to say in regards to PYPL:
$PYPL Will be involved with the next round of stimulus for sure.
PayPal Stim direct payment opt in.
Venmo transaction to your bookie, drug dealer, or sugar baby.
Retail therapy to give you that dopamine fix for being stuck at home.
Uber eats that ice cream from around the corner cuz you a fatty.
I don’t judge I just hope you use this or $SQ to satisfy your Instant gratification.