PayPal Holdings, Inc. (PYPL) stock price recorded a decline in its latest intraday trading, under full dominance of the main short-term downtrend, with price action moving along a minor trend line supporting this bearish path. Negative pressure remains in place due to trading below its SMA50, alongside continued negative signals from the RSI, despite the indicator reaching oversold territory.

Therefore we expect the stock price to decline in upcoming trading, as long as it remains below the $56.45 resistance level, to target the $49.45 support level.

Todays price forecast: Bearish