In this daily bar chart of SQ, below, we can see a sideways trading pattern for prices from late January. Prices dipped in May but if you look at the trading volume and the On-Balance-Volume (OBV) line you will not see signs of increased selling nor aggressive selling.
SQ rallied back in June and so far in July to retest the early March peak. Prices are above the rising 50-day moving average line and the declining 200-day line. The OBV line has moved up to a new high in July and could be foreshadowing that prices will also make a new high soon.
The Moving Average Convergence Divergence (MACD) oscillator is above the zero line and while the two averages of the indicator have narrowed recently, they have not crossed.
In this weekly bar chart of SQ, below, we can see that prices are above the declining 40-week moving average line.
The weekly OBV line has trended higher the past three years and the MACD oscillator just crossed above the zero line for a fresh outright go long signal.
In this Point and Figure chart of SQ, below, we can see a possible upside price target of $93.
Bottom line strategy: Traders could go long SQ near $80 risking a close below $74 with an upside price target around $95 initially.