PayPal may rise to 64.80 - 66.40

Our pivot point is at 56.6.

Our preference

Short term rebound towards 64.8.

Alternative scenario

The downside breakout of 56.6 would call for 53.9 and 52.3.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 59.5185 and 61.7347).

Supports and resistances

68.1 **

66.4 *

64.8 **

63.1

59.33 (USD-last)

57.7

56.6 **

53.9 *

52.3 **

Number of asterisks represents the strength of support and resistance levels.