Paypal May Be Offering a Trading Opportunity With Its Cross Above Its 20 Moving Average

The Hourly View for Paypal

  • Currently, PYPL’s price is up $0.35 (0.19%) from the hour prior.
  • This is the 2nd hour in a row Paypal has seen its price head up.
  • If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe.
  • Regarding moving averages, it should first be noted that price has crossed the 20 hour moving average, resulting in them with price now being above it. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Paypal’s hourly price chart is shown below.


The Daily View for Paypal

  • At the time of this writing, PYPL’s price is down $-4.32 (-2.26%) from the day prior.
  • This move is a reversal from the day prior, which saw price move up.
  • Regarding the trend, note that the strongest trend exists on the 100 day timeframe.
  • Most noteworthy in the world of moving averages on the daily chart is that the 20 day moving average has been crossed, with price now being below it. The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

Below is a daily price chart of Paypal.


Featured Paypal Idea From TradingView

Below is a trading comment entitled PayPal’s bad days are about to end! you may find interesting:

In this article, I will try to shine the light on the mathematical aspects of technical trading! The mathematics behind the harmonic patterns! What is a dynamical system? A dynamical system is all about the evolution of something over time. To create a dynamical system we simply need to decide (1) what is the “something” that will evolve over time and (2) what is the rule that specifies how that something evolves with time. In this way, a dynamical system is simply a model describing the temporal evolution of a system.The state-spaceThe first step in creating a dynamical system is to pin down what is the special “something” that we want to evolve with time. To do this, we need to come up with a set of variables that give a complete description of the system at any particular time.By “complete description,” we don’t necessarily mean that the variables will completely describe a real-life system we may be trying to model. But, the variables must completely describe the state of the mathematical system. In a dynamical system, if we know the values of these variables at a particular time, we know everything about the state of the system at that time. To model some real-life system, the modeler must clearly make a choice of what variables will form the complete description for the mathematical model.The variables that completely describe the state of the dynamical system are called the state variables. The set of all the possible values of the state variables is the state space.The state-space can be discrete, consisting of isolated points, such as if the state variables could only take on integer values. It could be cont…