- PayPal is trending down and might signal a change of direction
- Upper Bollinger Band® currently at $358.92
Technical chart analysis shows PayPal is trending down and heading towards $79.41, which is only 67 cents away now. Hitting this support line might signal a change of direction.
Support/Resistance levels obtained from chart analysis indicate that Moody's's run now faces a challenge at $303.64, which is only $2.64 away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow.
Citigroup's bullish momentum is stalling and could turn negative in the short-term after the MACD crossed below its signal line — typically considered to be an early indicator of forthcoming bearish momentum. On the other hand, note that a convincing break of this target could pave the way for deeper losses.
Despite the market lacking direction, technical chart analysis strongly suggests Citigroup is positioned for a downward move in the near term.
Citigroup's bullish momentum is stalling and could turn negative in the short-term after the MACD crossed below its signal line — typically considered to be an early indicator of forthcoming bearish momentum. On the other hand, note that a convincing break of this target could pave the way for deeper losses.
Despite the market lacking direction, technical chart analysis strongly suggests Citigroup is positioned for a downward move in the near term.