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Uptrend ExhaustionArchive
- 4/5/2024 -
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PayPal (PYPL) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the PayPal (PYPL). During the week, the PYPL dropped -1.84 points, or -2.75%, and closed at 65.15 on Friday, April 5, 2024. It was the worst weekly loss since February 9, 2024. Weekly volume was -45% below average.
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 17.04% retracement level.
 Medium-term trend: [See PYPL medium-term trend chart]
A medium-term uptrend had started on February 8, 2024 at 55.77 and reached 68.21 on March 27, 2024. PYPL gained -12.44 points, or -22.31%, in 6 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 60.59 and resistance is at 70.21. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern 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. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.
 Short-term trend: [See PYPL short-term trend chart]
A short-term downtrend had started on March 27, 2024 at 68.21 and reached 63.55 on April 2, 2024. PYPL lost 4.66 points, or 6.83%, in 6 days. The price is now at the 34.33% retracement level.
Daily Technical Indicators: [See PYPL daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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