PayPal may fall to 53.30 - 55.00

Our pivot point stands at 64.

Our preference

The downside prevails as long as 64 is resistance.

Alternative scenario

Above 64, look for 67.1 and 68.9.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 63.4793 and 64.2893).

Supports and resistances

68.9 **

67.1 *

64 **

62.8

60.635 (USD-last)

56.8

55 **

53.3 *

51.5 **

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