Paypal Snaps a 3 Day Down Streak

The Hourly View for Paypal

  • Currently, PYPL’s price is up $1.55 (0.87%) from the hour prior.
  • It’s been a feast for bulls operating on an hourly timeframe, as Paypal has now gone up 4 of the past 5 hours.
  • As for the trend on the hourly timeframe, we see the clearest trend on the 100 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 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.

Paypal’s hourly price chart is shown below.

PYPL

The Daily View for Paypal

  • Currently, PYPL’s price is up $0.38 (0.21%) from the day prior.
  • This move is a reversal from the day prior, which saw price move down.
  • Regarding the trend, note that the strongest trend exists on the 20 day timeframe.
  • 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.
  • Divergence between PYPL’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in PYPL’s price.

Below is a daily price chart of Paypal.

PYPL

Featured Paypal Idea From TradingView

Below is a trading comment entitled watch for a clear break past 174 for breakdown confirmationšŸš© you may find interesting:

after weeks of consolidation we are finally seeing where paypal wants to go next.. leaning to the downside! remember after long consolidation we see big breakout moves, under 174 look for a quick test of 169.8-156.65-143.5 If support holds look for more sideways action.like and follow for morešŸ’˜

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