PayPal rises amid negative pressures - Analysis - 07-01-2021

Economies.com
2022-01-07 11:41AM UTC

PayPal Holdings' stock (PYPL) spiked 2.73% in the last session, settling at 192.27, amid the dominance of the downward trend in the short term, with negative pressure form the 50-day SMA, coupled with negative signals from the RSI.

 

Therefore we expect the stock to return lower, targeting the support of 171.50, provided the resistance of 195.60 holds on.

 

Expected trend for today: Bearish

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