The Greedy Trader Weekly Analysis
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- 11/22/2024 -
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PayPal (PYPL) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are overboughtBroken trend resistance line
Daily :Stochastic signal line moved below overbought area
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It was a third consecutive positive week for the PayPal (PYPL). During the week, the PYPL gained 0.94 points, or 1.10%, and closed at 86.77 on Friday, November 22, 2024. Weekly volume was -38% below average.

Long-term trend: [See PYPL long-term trend chart]
A long-term uptrend had started on October 27, 2023 at 50.25 and reached 87.92 on November 12, 2024. PYPL gained -37.67 points, or -74.97%, in 54 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (60.90) 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 July 26, 2024 at 56.97 and reached 87.92 on November 12, 2024. PYPL gained -30.95 points, or -54.33%, in 15 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 80.90 and resistance is at 89.67. 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 Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 weekly MACD line is above its signal line since August 9, 2024. 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 November 12, 2024 at 87.92 and reached 82.50 on November 19, 2024. PYPL lost 5.42 points, or 6.16%, in 7 days. The price is now at the 78.78% retracement level.

Daily Technical Indicators: [See PYPL daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal.

The daily MACD line is above its signal line since November 21, 2024. The distance between MACD and the signal line is low and getting smaller.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 76.41
Williams' Percentage Range (W%R) 28.30
Lane's Stochastic (%D-Slow) 55.01
Greed/Fear Indicator (GFI) 67.72
Moving Average Converg./Diverg. (MACD) 1.70
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 77.28
Williams' Percentage Range (W%R) 10.50
Overbought
Lane's Stochastic (%D-Slow) 84.38
Overbought
Greed/Fear Indicator (GFI) 78.02
Moving Average Converg./Diverg. (MACD) 4.23
Trading Signals
Description Value Chart
Upper Bollinger Band 89.85
Monthly Trendline Resistance 89.67
Price 86.77
Weekly Stochastic Crossing 85.84
Daily Stochastic Crossing 85.42
Parabolic System 83.89
20 Day Moving Average 82.97
Monthly Trendline Support 80.90
50 Day Moving Average 80.41
Lower Bollinger Band 77.06
Quarterly Trendline Resistance 75.79
Sector and Industry
Description Name Rank
Sector Information Technology 7
Industry Data Processing & Outsourced Services 79
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 87.92
High Date 11/12/2024
Low 82.50
Low Date 11/19/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 76.46
Low Date 11/01/2024
High 87.92
High Date 11/12/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 89.67
Support 80.90
Low 56.97
Low Date 07/26/2024
High 87.92
High Date 11/12/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 75.79
Support 60.90
Low 50.25
Low Date 10/27/2023
High 87.92
High Date 11/12/2024
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.