PAYPAL HOLDINGS INC. - Daily - Technical analysis published on 07/05/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
44%
17%
39%
My opinion
Bearish under 62.10 USD
My targets
58.46 USD (-2.55%)
56.12 USD (-6.45%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on PAYPAL HOLDINGS INC. as long as the price remains well below 62.10 USD. The sellers' bearish objective is set at 58.46 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 56.12 USD. In case of crossing, the next objective would be the support located at 54.28 USD.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
3.8
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This analysis was given by robby1966. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The PAYPAL HOLDINGS INC. rating is 59.99 USD. The price registered an increase of +0.59% on the session and was between 58.83 USD and 60.15 USD. This implies that the price is at +1.97% from its lowest and at -0.27% from its highest.58.83
60.15
59.99
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of PAYPAL HOLDINGS INC. in Daily shows an overall bearish trend. The signals given by moving averages are 78.57% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : Daily
In fact, only 8 technical indicators out of 18 studied are currently positioned bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 56.12 | 58.46 | 59.85 | 59.99 | 62.10 | 65.82 | 67.92 |
| Change (%) | -6.45% | -2.55% | -0.23% | - | +3.52% | +9.72% | +13.22% |
| Change | -3.87 | -1.53 | -0.14 | - | +2.11 | +5.83 | +7.93 |
| Level | Intermediate | Major | Minor | - | Major | Major | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 57.90 | 58.39 | 59.02 | 59.51 | 60.14 | 60.63 | 61.26 |
| Camarilla | 59.33 | 59.44 | 59.54 | 59.64 | 59.74 | 59.85 | 59.95 |
| Woodie | 57.96 | 58.43 | 59.08 | 59.55 | 60.20 | 60.67 | 61.32 |
| Fibonacci | 58.39 | 58.82 | 59.09 | 59.51 | 59.94 | 60.21 | 60.63 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 53.29 | 55.25 | 56.64 | 58.60 | 59.99 | 61.95 | 63.34 |
| Camarilla | 57.11 | 57.42 | 57.72 | 58.03 | 58.34 | 58.64 | 58.95 |
| Woodie | 53.01 | 55.11 | 56.36 | 58.46 | 59.71 | 61.81 | 63.06 |
| Fibonacci | 55.25 | 56.53 | 57.32 | 58.60 | 59.88 | 60.67 | 61.95 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 42.97 | 50.09 | 54.06 | 61.18 | 65.15 | 72.27 | 76.24 |
| Camarilla | 54.98 | 56.00 | 57.01 | 58.03 | 59.05 | 60.06 | 61.08 |
| Woodie | 41.40 | 49.30 | 52.49 | 60.39 | 63.58 | 71.48 | 74.67 |
| Fibonacci | 50.09 | 54.33 | 56.94 | 61.18 | 65.42 | 68.03 | 72.27 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 45.84 | |
| MACD (12,26,9): | -1.2200 | |
| Directional Movement: | -8.06 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 58.78 | |
| Parabolic SAR (0,02-0,02-0,2): | 57.03 | |
| Elder Ray (13): | -0.23 | |
| Super Trend (3,10): | 61.95 | |
| Zig ZAG (10): | 60.08 | |
| VORTEX (21): | 0.8400 | |
| Stochastique (14,3,5): | 42.36 | |
| TEMA (21): | 58.24 | |
| Williams %R (14): | -34.38 | |
| Chande Momentum Oscillator (20): | -0.08 | |
| Repulse (5,40,3): | 2.4800 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.2900 | |
| Courbe Coppock: | 13.36 |
| MA7: | 58.73 | |
| MA20: | 61.07 | |
| MA50: | 62.94 | |
| MA100: | 62.66 | |
| MAexp7: | 59.27 | |
| MAexp20: | 60.38 | |
| MAexp50: | 61.90 | |
| MAexp100: | 62.32 | |
| Price / MA7: | +2.15% | |
| Price / MA20: | -1.77% | |
| Price / MA50: | -4.69% | |
| Price / MA100: | -4.26% | |
| Price / MAexp7: | +1.21% | |
| Price / MAexp20: | -0.65% | |
| Price / MAexp50: | -3.09% | |
| Price / MAexp100: | -3.74% |
Quotes :
-
15 min delayed data
-
NASDAQ Stocks
News
The last news published on PAYPAL HOLDINGS INC. at the time of the generation of this analysis was as follows:
- PayPal Names Srini Venkatesan as Chief Technology Officer
- PayPal USD Stablecoin Now Available on Solana Blockchain, Providing Faster, Cheaper Transactions for Consumers
- PayPal Names Steve Winoker as Chief Investor Relations Officer
- PayPal Reports First Quarter 2024 Results
-
PayPal's Problems #paypal #pypl #shorts
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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