PYPL closes higher for the 3rd day in a row


PayPal (PYPL) Technical Analysis Report for Jun 14, 2018 [< 1 min read]
Highlights
PYPL closes higher for the 3rd day in a row
PYPL rises to highest close since Inception
PYPL closes within previous day's range after lackluster session
PYPL ends the day indecisive
TQ Sentiment
Report Sentiment: 0% Neutral
Technical Forecast:
Overview

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.

Daily chart for PYPL
Volatility

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.

Trend

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.

Order Flow

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.

Conclusion

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
Condition Forecast Direction Win Avg Worst Best Events
Close to R1 Resistance TQ Pro Members Only
Hanging Man TQ Pro Members Only
Close to Swing High TQ Pro Members Only
Bullish Bounce off SMA 20 TQ Pro Members Only
Up Close near high of period TQ Pro Members Only
More market conditions identified for TQ Pro members...
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