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PayPal Holdings Inc (PYPL) Up 1.61%; in a Downtrend Over Past 14 Days

The Hourly View for PYPL

Last Updated September 15, 2020, 11:18 GMT

At the moment, PYPL’s price is up $3.72 (2.02%) from the hour prior. This is the 2nd straight hour PYPL has seen its price head up. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50 and 100 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

PayPal Holdings Inc Daily Price Recap

The choppiness in the recent daily price action of Paypal Holdings Inc continues; to start today, it came in at a price of 186.96 US dollars, up 1.61% ($2.96) since the day prior. 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. The daily price chart of PayPal Holdings Inc below illustrates.

PYPL

PayPal Holdings Inc Technical Analysis

Coming into today PayPal Holdings Inc is now close to its 50 day averages, located at 189.49 respectively, and thus may be at a key juncture along those timeframes. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. Interestingly, a trend in the other direction exists on the 14 day timeframe, where price is headed down. If you’re looking to trade the primary trend, this may be a good opportunity to buy dips created by the counter trend. Or to view things another way, note that out of the past 30 days PayPal Holdings Inc’s price has gone up 17 them.

Overheard Around the Web

Over on StockTwits, here’s an example of what they’re saying about PYPL:

    $PYPL

    All below stocks goes $40% tp 50% in this september. just onboard and great value stocks.

    All Tech stocks will rule and turn green from today GREEN GREEN and GREEN. There is no medicine until next year. and It takes 2021 complete year if medicine comes also. EAll tech stocks double and tripple. Just dont trust any rumors and do panic sell. keep loading as they are more low now and great big money. CRM has great market, great customers, great potential to grow and its earnings are very very high. it goes like adoble $500 in a month or two.

    CRM – No alternate to CRM salesforce and its customer base.$300 to $500 soon
    DOCU – No alternate to DOCU and its institutional customers. $300 to $350 soon
    TSLA – No alternate to Elon and 200 Years ahead of future business thinking.$750 by Thanks giving time.
    AAPL – No alternate Mobile stock and its enormous cash reserves – Stable stock.$225 by Thanks giving sale.
    ….

    – stockindepthanalysis

The post PayPal Holdings Inc (PYPL) Up 1.61%; in a Downtrend Over Past 14 Days appeared first on CFDTrading.



This post first appeared on Complete CFD Trading Guide, News And Analysis, please read the originial post: here

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PayPal Holdings Inc (PYPL) Up 1.61%; in a Downtrend Over Past 14 Days

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