Paypal’s 4 Day Up Streak Comes to an End

The Hourly View for Paypal

  • Currently, PYPL’s price is up $0.43 (0.45%) from the hour prior.
  • This move is a reversal from the hour prior, which saw price move down.
  • If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe.
  • The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Paypal’s hourly price chart is shown below.

PYPL

The Daily View for Paypal

  • Currently, PYPL’s price is down $-1.71 (-1.75%) from the day prior.
  • Paypal has seen its price go up 4 out of the past 5 days, thus creating some compelling opportunities for bulls.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 20 day timeframe.
  • The moving averages on the daily 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.
  • 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 Paypal pump you may find interesting:

With positive Earnings Payapl is already + 10% in after-hours breaking the 92.57 resistance…the retest of this line turned support could be a good entry for a long ap around the 120 $ where there’s strong resistance from the 200 MA as well. I would take some profit if you are a trader and not an investor, Also the structure from April till now seems like a bottom to me.

frapelloso