PayPal nears its recent highs again
PayPal stock +3.3%: the buy signal edges back toward its highs
PayPal nears its recent highs again
Our view last week
PayPal stock closes the week up 1.9%, but underneath, the rally is starting to catch its breath: daily RSI climbs to 72 and buyer dominance is fading, with the last candle slightly in sellers' hands. The buy signal still holds — second among the 120 US buy signals running, and a gain nearing 24% since entry. In this technical analysis the picture stays bullish, but with price close to recent highs, the discipline is to wait for a pullback before adding.
This week's summary
PayPal closes the week up 3.3% and is back within a step of its recent high, in the 60 area. Under the surface, though, something is slowing: buyer dominance is fading and the last candle is split between buyers and sellers. PayPal stock stays in an open buy signal, ranking 2nd among the 132 US buy signals running, with a gain near 27% since entry. In this technical analysis the recent highs have already been tested more than once: the discipline is to wait for a pullback before adding.
IQS Phase
52
ordinary
Signal Strength
86
high · wide move
Sizing
FULL
Ranking
#2 / 132
US stocks in progress
Trade P&L %
+27.53%
from signal to date, no stop loss
Rank position
ranks 2nd among the 132 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 strong phase
Performanceweekly +1.16% · monthly +4.78%
PYPL belongs to the financials sector (reference ETF XLF). The sector is classified in strong phase according to our weekly reading.
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