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Uptrend ExhaustionArchive
- 4/19/2024 -
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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 -2.28 points, or -3.53%, and closed at 62.31 on Friday, April 19, 2024. It was the worst weekly loss since February 9, 2024. Weekly volume was -37% below average.
 Long-term trend: [See PYPL long-term trend chart]
A long-term downtrend had started on July 26, 2021 at 310.16 and reached 50.25 on October 27, 2023. PYPL lost 259.91 points, or 83.80%, in 117 weeks. Price is near the trend low.
 Medium-term trend: [See PYPL medium-term trend chart]
A medium-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 32.85% retracement level.
 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 61.72 on April 19, 2024. PYPL lost 6.49 points, or 9.51%, in 23 days. The price is now at the 9.09% retracement level.
 Daily Technical Indicators: [See PYPL daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range and Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is below its signal line since April 3, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.
Price is close to the 50 Day Moving Average. While daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. 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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