PayPal may fall to 55.10 - 56.60

64.8 is our pivot point.

Our preference

The downside prevails as long as 64.8 is resistance.

Alternative scenario

The upside breakout of 64.8 would call for 67.4 and 69.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 64.8035 and 64.737).

Supports and resistances

69 **

67.4 *

64.8 **

63.8

61.58 (USD-last)

58.2

56.6 **

55.1 *

53.6 **

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