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Uptrend ExhaustionArchive
- 4/26/2024 -
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PayPal (PYPL) Technical Analysis
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| Summary:
| | | Weekly : | | Daily : 
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| | It was a first positive week after 3 consecutive negative weeks for the PayPal (PYPL). During the week, the PYPL gained 3.65 points, or 5.86%, and closed at 65.96 on Friday, April 26, 2024. Weekly volume was -37% below average.
 Long-term trend: [See PYPL long-term trend chart]
A long-term downtrend had started on July 26, 2021 at 310.16 and reached 50.25 on October 27, 2023. PYPL lost 259.91 points, or 83.80%, in 117 weeks. The price is now at the 6.04% retracement level.
 Medium-term trend: [See PYPL medium-term trend chart]
A medium-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 12.53% retracement level.
 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. 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 March 27, 2024 at 68.21 and reached 61.72 on April 19, 2024. PYPL lost 6.49 points, or 9.51%, in 23 days. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (61.00) 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 short-term trend.
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 above oversold area. Such crossover is considered a bullish 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 link to access Lane's Stochastic help.
The daily MACD line is below its signal line since April 3, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
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.
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