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Archive - 3/15/2024 - Sign In to see current Signals. |
PayPal (PYPL) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was a first positive week for the PayPal (PYPL). During the week, the PYPL gained 3.84 points, or 6.51%, and closed at 62.85 on Friday, March 15, 2024. It was the best weekly gain since January 19, 2024. PYPL was trading at average weekly trading volume. PYPL is a member of Information Technology Sector. Information Technology is the second most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry. Long-term trend: [See PYPL long-term trend chart] A long-term uptrend had started on October 27, 2023 at 50.25 and reached 68.21 on January 22, 2024. PYPL gained -17.96 points, or -35.74%, in 12 weeks. The price is now at the 29.84% retracement level. Medium-term trend: [See PYPL medium-term trend chart] A medium-term downtrend had started on January 22, 2024 at 68.21 and reached 55.77 on February 8, 2024. PYPL lost 12.44 points, or 18.24%, in 2 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (58.86) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend. Weekly Technical Indicators: [See PYPL weekly technical indicators chart] Weekly technical indicators are neutral. The weekly MACD line is above its signal line since November 24, 2023. Use the following link to access a MACD help. Short-term trend: [See PYPL short-term trend chart] A short-term uptrend had started on February 8, 2024 at 55.77 and reached 64.20 on March 14, 2024. PYPL gained -8.43 points, or -15.12%, in 35 days. The chart has formed a Rising Channel chart pattern. The price is near the trend resistance line (63.02). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a short-term trend. Daily Technical Indicators: [See PYPL daily technical indicators chart] Daily technical indicators are neutral. During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal. During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band. During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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