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) rose in the intraday levels, scoring a fresh profit of 0.22% in the last session, or 0.18 points, after hitting an intraday high at 82.35, bouncing off it lower and trimming the gains, amid the dominance of the main upward trend in the medium and short terms, with positive pressure from the 50-day SMA, while the RSI reached extremely oversold levels compared to the stock's upward movements.
Therefore we expect more gains for the stock, targeting the pivotal resistance of 86.02, as long as the support of 79.39 holds on.