PayPal Holdings (PYPL, $192.31) was a top weekly loser, falling -9.74% to $192.31 per share. Of the 50 stocks analyzed in the Data Processing Services Industry throughout the week of October 21 - 28, 2020, 9 of them (17.14%) exhibited an Uptrend while 41 of them (82.86%) were in a Downtrend. 90 similar cases when PYPL's price dropped 5% within one week were found. In 71 of those 90 cases, PYPL's price went up during the subsequent month. Based on these historical data, the odds of a Downtrend reversal for PYPL are 79%. Current price $189.54 crossed the resistance line at $183.23 and is trading between $193.32 resistance and $183.23 resistance lines. Throughout the month of 10/02/20 - 11/03/20, the price experienced a -6% Downtrend. During the week of 10/27/20 - 11/03/20, the stock fell -10%.
Bullish Trend Analysis
The Stochastic Indicator shows that the ticker has stayed in the oversold zone for 5 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
The 10-day Moving Average for PYPL crossed bullishly above the 50-day moving average on October 09, 2020. This indicates that the trend has shifted higher and could be considered a buy signal. Tickeron A.I. detected that in 16 of 18 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 89%.
Following a +6.50% 3-day Advance, the price is estimated to grow further. Considering data from situations where PYPL advanced for three days, in 248 of 348 cases, the price rose further within the following month. The odds of a continued upward trend are 71%.
PYPL may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. Tickeron A.I. detected that in 306 of 396 cases where PYPL Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 77%.
Bullish Trend Analysis
The Stochastic Indicator shows that the ticker has stayed in the oversold zone for 5 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
The 10-day Moving Average for PYPL crossed bullishly above the 50-day moving average on October 09, 2020. This indicates that the trend has shifted higher and could be considered a buy signal. Tickeron A.I. detected that in 16 of 18 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 89%.
Following a +6.50% 3-day Advance, the price is estimated to grow further. Considering data from situations where PYPL advanced for three days, in 248 of 348 cases, the price rose further within the following month. The odds of a continued upward trend are 71%.
PYPL may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. Tickeron A.I. detected that in 306 of 396 cases where PYPL Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 77%.