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PayPal Holdings Inc., Technical Analysis

12/6/2022 10:24 AM

Shares of PayPal Holdings Inc., an American debit payment processor, are correcting at 73.00.

On the daily chart, the price is holding within a corrective trend, forming a narrow downward channel with dynamic boundaries at 90.00–70.00 and approaching the year's low at 68.60.

The four-hour chart shows that the key support for the downward wave of the range is the year's low of 68.60, which the asset failed to break on the first attempt. If successful, further decline may continue to 55.60. Otherwise, the quotes will reach the upper limit of the channel at 92.70.

Technical indicators keep a stable sell signal: fast EMAs on the Alligator indicator are below the signal line, and the AO oscillator histogram forms downward bars in the sell zone.

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