PYPL Downside Momentum Builds Near $53.66
Shares of PayPal Holdings Inc (PYPL) declined 12.71% to $53.66 on August 30.
Chart analysis reveals a bearish configuration:
Moving Averages
Mixed signals with price near the 9-day EMA ($59.82). The 21-day EMA sits at $59.14.
Momentum
RSI at 35.4 is neutral but weakening. MACD is bearish (1.42 vs signal 2.25).
Volatility
Price has pierced the lower Bollinger Band ($55.96), which often precedes a bounce.
Traders are watching $55.96 on the downside and $64.00 on the upside.
