PayPal Holdings Inc (PYPL) Down 2.83%; in an Uptrend Over Past 90 Days
I am targeting a trading goal of 50% return by dec 31 2020.
PYPL
(Last Updated September 18, 2020)
Welcome to the news page for PayPal Holdings Inc (PYPL). Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:
The Trend
As for trends on PYPL, we’re seeing a downtrend on shorter timeframes — but an uptrend on the 90 day timeframe. As such, traders with short positions should be aware of the uptrend in place on the longer timeframes.
PYPL Moving Averages
PYPL’s moving averages tell a multi-facted story about its trend. The 100 and 200 day averages are pointing upwards, suggesting a bullish trend, while the 20 and 50 day averages are pointing downward, suggesting a bearish trend on those timeframes. This implies that the long-term trend — meaning going back over 3 months — is bullish, while the trend over the past month and a half is bearish. Moreover, today we saw the 50 moving average turn bearish.
The chart below illustrates.
Paypal (PYPL) Closes Last Hour Up $1.93; 3 Day Down Streak Broken, Pin Bar Pattern Appearing on Chart, in a Downtrend Over Past 14 Days
This is the 2nd consecutive hour pypl has seen its price head up.
Paypal (PYPL) Closes Last Hour Up $1.09; in an Uptrend Over Past 90 Days, Heads Down For the 3rd Consecutive Day
This is a reversal of the price action on the previous hour, in which price moved down.
Paypal (PYPL) Price Near $180.89; Moves Down For the 2nd Day In A Row, in a Downtrend Over Past 14 Days
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe.
Paypal (PYPL) Price Near $186.01; 2 Day Down Streak Ended, in an Uptrend Over Past 90 Days
This move happened on lower volume, as yesterday’s volume was down 19.13% from the day before — and down 8.68% from the same day the week before.
Paypal (PYPL) Closes Prior Hour Up 0.53%; Heads Down For the 2nd Consecutive Day, Breaks Below 50 Day Average, Price Base in Formation Over Past 30 Days
Price action traders in particular will want to note that the 30 day period appears to show price forming a base; this could indicate that a support/resistance level is developing.
Paypal (PYPL) Closes Last Hour Up $0.51; in an Uptrend Over Past 90 Days, Bearish Engulfing Pattern Present, Eyes 50 Day Average
Regarding the trend, note that the strongest trend exists on the 100 hour timeframe.
Paypal (PYPL) Closes Prior Hour Up 0.03%; 3 Day Down Streak Broken, Morning Star Pattern Appearing on Chart, in an Uptrend Over Past 90 Days
That means ebay gets the payment processing fee (just under 3% i believe) and paypal is finally cut out of the equation.
Paypal (PYPL) Closes Last Hour Up $0.61; Moves Down For the 2nd Day In A Row, Makes Big Move Relative to Two Week Trend, Fares the Worst Out of mega cap US stocks
The price move occurred on stronger volume; specifically, yesterday’s volume was up 7.16% from the day prior, and up 229.01% from the same day the week before.
PayPal Holdings Inc (PYPL) Underperforms All mega cap US stocks, Makes Big Move Relative to Two Week Trend; Heads Down For the 2nd Day In A Row
The price move occurred on stronger volume; specifically, yesterday’s volume was up 7.16% from the day prior, and up 229.01% from the same day the week before.