In this daily bar chart of PYPL, below, we can see that prices have rolled over since July. PYPL is below the cresting 50-day moving average line and just a few dollars above the 200-day moving average line which was tested in early May.
The daily On-Balance-Volume (OBV) line has also "rolled over" the past two to three months signaling a possible shift from aggressive buying to aggressive selling.
The trend following Moving Average Convergence Divergence (MACD) oscillator turned down to a take profits sell signal
In this weekly bar chart of PYPL, below, we can see that prices have more than doubled in the past three years.
PYPL is still above the rising 40-week moving average line.
The weekly OBV line has been inching lower since January and the MACD oscillator just crossed to the downside for a fresh take profits signal.
In this Point and Figure chart of PYPL, below, we can see a downside price target of $81.22 being projected and this would mean a test of the 200-day line.
Bottom line strategy: Traders should be prepared for a modest pullback or retest of the 200-day line. If support around $80 does not materialize or if it is broken, a deeper decline could unfold.