PYPL Volatility Dries Up Near $49.57, Direction TBD
Shares of PayPal Holdings Inc (PYPL) rose 3.34% to $49.57 on April 16.
Key indicators suggest a bullish bias:
Moving Averages
Price trades above the 9-day EMA ($46.86) with a bullish stack. The 21-day EMA at $46.01 provides support.
Momentum
RSI at 63.8 is neutral but improving. MACD reads 0.54 against its 0.01 signal line (bullish).
Volatility
A 20-day TTM Squeeze suggests volatility is coiled and a breakout may be imminent.
Traders are watching $42.61 on the downside and $48.24 on the upside.
