The Greedy Trader Weekly Analysis
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- 3/15/2024 -
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PayPal (PYPL) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend resistance line
Daily :Daily  MACD line has moved above its signal linePrice has crossed above the 50 Day Moving AverageTrend resistance at 63.02The 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 3.84 points, or 6.51%, and closed at 62.85 on Friday, March 15, 2024. It was the best weekly gain since January 19, 2024. PYPL was trading at average weekly trading volume.

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 29.84% retracement level.

Medium-term trend: [See PYPL medium-term trend chart]
A medium-term downtrend had started on January 22, 2024 at 68.21 and reached 55.77 on February 8, 2024. PYPL lost 12.44 points, or 18.24%, in 2 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (58.86) is broken. A broken support is considered to be a long-term bullish signal. 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 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. 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 February 8, 2024 at 55.77 and reached 64.20 on March 14, 2024. PYPL gained -8.43 points, or -15.12%, in 35 days. The chart has formed a Rising Channel chart pattern. The price is near the trend resistance line (63.02). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a short-term trend.

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 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.

During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.09
Williams' Percentage Range (W%R) 22.70
Lane's Stochastic (%D-Slow) 70.66
Greed/Fear Indicator (GFI) 72.69
Moving Average Converg./Diverg. (MACD) -0.10
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.66
Williams' Percentage Range (W%R) 31.20
Lane's Stochastic (%D-Slow) 31.27
Greed/Fear Indicator (GFI) 50.35
Moving Average Converg./Diverg. (MACD) -1.20
Trading Signals
Description Value Chart
Upper Bollinger Band 63.41
Weekly Trendline Resistance 63.02
Price 62.85
Daily Stochastic Crossing 62.60
50 Day Moving Average 60.69
20 Day Moving Average 59.78
Weekly Stochastic Crossing 59.78
Parabolic System 59.66
Monthly Trendline Resistance 59.29
Monthly Trendline Support 58.86
Weekly Trendline Support 58.70
Lower Bollinger Band 57.40
Sector and Industry
Description Name Rank
Sector Information Technology 8
Industry Data Processing & Outsourced Services 73
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 57.87
Low Date 03/05/2024
High 64.20
High Date 03/14/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Resistance
Resistance 63.02
Support 58.70
Low 55.77
Low Date 02/08/2024
High 64.20
High Date 03/14/2024
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 59.29
Support 58.86
High 68.21
High Date 01/22/2024
Low 55.77
Low Date 02/08/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 50.25
Low Date 10/27/2023
High 68.21
High Date 01/22/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 310.16
High Date 07/26/2021
Low 50.25
Low Date 10/27/2023
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.