Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
PayPal Holdings' stock rose in the intraday levels, scoring a profit of 1.44% in the last session, or 0.54 points, after the stock leaned on the pivotal support of 37.46, which represents the ratio 38.2% of Fibonacci retracement levels for an ascending wave in the short term (from 30.52 to 41.75), lending it positive momentum to help it rise, with ongoing negative pressure from the SMA for the last 50 days period, as the stock tries to recover some of its past short-term losses.
Therefore we expect the stock to return lower in the coming trading, targeting the support of 37.46, readying to pierce it.