PYPL closes higher for the 3rd day in a row
Moving higher for the 3rd day in a row, PYPL finished Thursday at 85.61 gaining $0.34 (0.4%). Today's closing price of 85.61 marks the highest close since Inception. Closing within the previous day's range, prices failed to decisively move beyond the prior day's trading range in a lackluster session. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.
Thursday's trading range was $1.08 (1.26%), that's below last trading month's daily average range of $1.78. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being below average.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
With prices trading close to this year's high at 86.32, upside momentum might speed up should the market be able to break out to new highs for the year.
While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being very bearish.
Market Conditions for PayPal
|Close to R1 Resistance||TQ Pro Members Only|
|2 Consecutive Higher Closes||TQ Pro Members Only|
|Bearish Intraday Reversal||TQ Pro Members Only|
|52 Week High||TQ Pro Members Only|
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