Annual Forecast for PayPal – 2020

PayPal stock (NASDAQ:PYPL) has become essentially bearish, though bulls are making attempt to push price upwards. That currently seems like an exercise in futility.

Price dropped below the lower Trendline, and bulls are unable to move it back above the lower Trendline. At the same time, the RSI period 14 is below the level 50, with potential to move to lower levels.

The market is very volatile right now, but the possibility of it going lower is higher than its possibility of going upwards. The outlook on PYPL is not very bright for this year, and price may test the demand levels at 100.00, 90.00 and 80.00.

 

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