Buy signal, second confirmation week
PayPal slips 0.7% and stays pinned at the breakout trigger, in the 57.7 area
Buy signal, second confirmation week
Our view last week
PayPal shares close the week up 22.1%: the Buy signal that fired seven days ago off the double bottom in the 41 area holds, and the first confirmation week closes higher. Money flow stays firmly positive, but a daily RSI already above 80 says the run is getting stretched. In our weekly technical analysis PayPal ranks second among the 112 US buy signals already open, signal strength 86 out of 100.
This week's summary
After last week's surge, PayPal shares have paused: this week closes with a mild -0.7% and the stock is still working right up against the breakout trigger, in the 57.7 area. The daily RSI stays high but has cooled off from last week, while buyer dominance is starting to fade. The buy signal holds: the trade is already more than 21% in profit, ranking second among the 124 US buys currently open.
IQS Phase
53
ordinary
Signal Strength
86
high · wide move
Sizing
FULL
Ranking
#2 / 124
US stocks in progress
Trade P&L %
+21.22%
from signal to today
Rank position
ranks 2nd among the 124 Longs already running for US stocks in our ranking, with a signal strength of 86 out of 100.
Sector context
SectorFinancials
Benchmark ETFXLF
Sector regimein positive regime
Performanceweekly +0.09% · monthly +4.82%
PYPL belongs to the financials sector (reference ETF XLF). The sector is classified in positive regime according to our weekly reading.
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