The Greedy Trader Weekly Analysis
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Archive
- 6/7/2019
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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is overboughtStochastic signal line moved below overbought areaBroken trend resistance line
Daily :Daily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the PayPal (PYPL). During the week, the PYPL gained 4.27 points, or 3.89%, and closed at 114.02 on Friday, June 7, 2019. It was the best weekly gain since March 15, 2019. Weekly volume was -11% below average.

PYPL is a member of Financial Sector. Financial 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 115.14 on June 7, 2019. PYPL gained -81.14 points, or -238.65%, in 153 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (88.12) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 October 11, 2018 at 74.66 and reached 115.14 on June 7, 2019. PYPL gained -40.48 points, or -54.22%, in 34 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 81.13 and resistance is at 117.59. 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 Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. 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 weekly MACD line is above its signal line since January 11, 2019. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 3, 2019 at 103.96 and reached 115.14 on June 7, 2019. PYPL gained -11.18 points, or -10.75%, in 4 days. The price is now at the 10.02% 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 above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.66
Williams' Percentage Range (W%R) 25.40
Lane's Stochastic (%D-Slow) 62.53
Greed/Fear Indicator (GFI) 63.26
Moving Average Converg./Diverg. (MACD) 0.58
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 73.14
Williams' Percentage Range (W%R) 10.00
Overbought
Lane's Stochastic (%D-Slow) 74.58
Greed/Fear Indicator (GFI) 74.84
Moving Average Converg./Diverg. (MACD) 5.77
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 117.59
Upper Bollinger Band 114.68
Price 114.02
Daily Stochastic Crossing 112.26
Weekly Stochastic Crossing 112.11
20 Day Moving Average 110.76
50 Day Moving Average 109.10
Lower Bollinger Band 106.28
Parabolic System 103.86
Yearly Trendline Resistance 102.36
Sector and Industry
Description Name Rank
Sector Financial 9
Industry Credit Services 142
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 103.96
Low Date 06/03/2019
High 115.14
High Date 06/07/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 103.96
Low Date 06/03/2019
High 115.14
High Date 06/07/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 103.96
Low Date 06/03/2019
High 115.14
High Date 06/07/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 117.59
Support 81.13
Low 74.66
Low Date 10/11/2018
High 115.14
High Date 06/07/2019
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 102.36
Support 88.12
Low 34.00
Low Date 06/27/2016
High 115.14
High Date 06/07/2019
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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