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 (PYPL) fell in the intraday levels while settling below 195.57, representing the ratio 50% of Fibonacci retracement levels for an ascending wave in the medium term (from 82.05 to 309.03), while also suffering negative pressure from the 50-day SMA, countered by positive signals from the RSI, after reaching oversold levels.
Therefore we expect more losses for the stock, targeting the next support at 169.15, representing the ratio 61.8% of the same retracement levels.
Expected trend for today: Bearish