Since I last published an analysis for-PYPL, the stock did rise more than 10% to over $44.
The last Fractal was a sell (rectangle).
There is a continuation wedge in the chart formation, which is usually positive, but the forward indicator (lower top) has remained on the bottom, indicating lower prices 26 days into the future.
The top lower indicator is a forward projection. For an estimation of possible FORWARD TRENDING I use the Ichimoku Cloud Senkou Span A (Leading Span A): (Conversion Line + Base Line)/2)). This is the midpoint between the Conversion Line and the Base Line. The Leading Span A forms one of the two Cloud boundaries. It is referred to as "Leading" because it is plotted 26 periods in the future and forms the faster Cloud boundary. I then make an oscillator out of this and plot the progress up and down around a “zero line”.
I HAVE THE RESULTS OF THESE CALCULATIONS FOR-PYPL IN THE TOP LOWER INDICATOR. IT IS VERY NEGATIVE.
Shorter term time charts are negative.
The stock has consistently traded below the thick, black baseline of the cloud, and this is a big negative.
Any time a stock trades below the cloud the trend is mostly down.
The chop (under chart) is in the shaded area, indicating trendless action.
The chop zone, lower, under chart, is red, which indicates a negative trend.
In my opinion, the chart indicates a likely short candidate.
I hope all of your trades go well. Don.
The last Fractal was a sell (rectangle).
There is a continuation wedge in the chart formation, which is usually positive, but the forward indicator (lower top) has remained on the bottom, indicating lower prices 26 days into the future.
The top lower indicator is a forward projection. For an estimation of possible FORWARD TRENDING I use the Ichimoku Cloud Senkou Span A (Leading Span A): (Conversion Line + Base Line)/2)). This is the midpoint between the Conversion Line and the Base Line. The Leading Span A forms one of the two Cloud boundaries. It is referred to as "Leading" because it is plotted 26 periods in the future and forms the faster Cloud boundary. I then make an oscillator out of this and plot the progress up and down around a “zero line”.
I HAVE THE RESULTS OF THESE CALCULATIONS FOR-PYPL IN THE TOP LOWER INDICATOR. IT IS VERY NEGATIVE.
Shorter term time charts are negative.
The stock has consistently traded below the thick, black baseline of the cloud, and this is a big negative.
Any time a stock trades below the cloud the trend is mostly down.
The chop (under chart) is in the shaded area, indicating trendless action.
The chop zone, lower, under chart, is red, which indicates a negative trend.
In my opinion, the chart indicates a likely short candidate.
I hope all of your trades go well. Don.