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Paypal Holdings Inc (PYPL) “On a long-term technical basis, the stock (PYPL) is trading below its 200-day moving average which implies it is in a negative trend. However, the stock has broken through an important trendline at 109.69 suggesting the next level of support is 102.21. The long-term uptrend has now turned neutral.
The stock has support at 102.21 and 94.77. If the stock breaks down through support at 102.21 then it will probably continue lower to 94.77. The stock will meet resistance at 104.36 and 109.69. If the stock breaks up through resistance at 104.36 then it will probably continue higher to 109.69. The 200-day moving average is at 106.01. This will also act as resistance. If the stock closes below 101.61 a negative trend change is probable. Look for the stock to fall to the level where it started prior to the latest big upmove. The stock is slightly overbought according to the Stochastic Indicator (71.24).”
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