PayPal may rise to 74.20 - 76.10

Our pivot point stands at 63.7.

Our preference

The upside prevails as long as 63.7 is support.

Alternative scenario

The downside breakout of 63.7 would call for 60.5 and 58.7.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 63.579 and 64.4712). Finally, PayPal is trading above its upper Bollinger band (standing at 66.82).

Supports and resistances

78.1 **

76.1 *

74.2 **

72.2

67.3 (USD-last)

64.9

63.7 **

60.5 *

58.7 **

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