The Greedy Trader Weekly Analysis
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- 6/26/2020 -
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PayPal (PYPL)

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Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionRelative Strength Index, Williams' Percentage Range and Lane's Stochastic are strongly overbought
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtDaily  MACD line has moved above its signal line
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It was a second consecutive positive week for the PayPal (PYPL). During the week, the PYPL gained 6.51 points, or 3.96%, and closed at 170.87 on Friday, June 26, 2020. Weekly volume was -25% below average.

PYPL is a member of Information Technology Sector. Information Technology is the 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 June 27, 2016 at 34.00 and reached 175.40 on June 23, 2020. PYPL gained -141.40 points, or -415.88%, in 208 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (100.99) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 long-term trend.

Medium-term trend: [See PYPL medium-term trend chart]
A medium-term uptrend had started on March 23, 2020 at 82.07 and reached 175.40 on June 23, 2020. PYPL gained -93.33 points, or -113.72%, in 13 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 167.52 and resistance is at 178.26. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See PYPL weekly technical indicators chart]
Weekly Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Relative Strength Index, 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, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since April 24, 2020. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 June 24, 2020 at 164.29 and reached 173.71 on June 26, 2020. PYPL gained -9.42 points, or -5.73%, in 2 days. The price is now at the 30.15% retracement level.

Daily Technical Indicators: [See PYPL daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.16
Williams' Percentage Range (W%R) 6.60
Strong Overbought
Lane's Stochastic (%D-Slow) 82.79
Overbought
Greed/Fear Indicator (GFI) 80.43
Overbought
Moving Average Converg./Diverg. (MACD) 7.37
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 97.92
Strong Overbought
Williams' Percentage Range (W%R) 1.80
Strong Overbought
Lane's Stochastic (%D-Slow) 94.63
Strong Overbought
Greed/Fear Indicator (GFI) 88.28
Overbought
Moving Average Converg./Diverg. (MACD) 8.28
Trading Signals
Description Value Chart
Monthly Trendline Resistance 179.29
Quarterly Trendline Resistance 178.26
Upper Bollinger Band 174.23
Daily Stochastic Crossing 172.60
Weekly Stochastic Crossing 172.57
Price 170.87
Monthly Trendline Support 168.39
Quarterly Trendline Support 167.52
Parabolic System 163.97
20 Day Moving Average 161.50
Lower Bollinger Band 148.06
50 Day Moving Average 144.83
Sector and Industry
Description Name Rank
Sector Information Technology 12
Industry Data Processing & Outsourced Services 92
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 164.29
Low Date 06/24/2020
High 173.71
High Date 06/26/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 164.29
Low Date 06/24/2020
High 173.71
High Date 06/26/2020
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 179.29
Support 168.39
Low 89.90
Low Date 04/03/2020
High 175.40
High Date 06/23/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 178.26
Support 167.52
Low 82.07
Low Date 03/23/2020
High 175.40
High Date 06/23/2020
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 128.17
Support 100.99
Low 34.00
Low Date 06/27/2016
High 175.40
High Date 06/23/2020
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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