PayPal Holdings (PYPL) stock edged slightly higher in its recent intraday trading, but remains under negative pressure as it continues to trade below its 50-day simple moving average, which reinforces the dominance and stability of the main downward trend in both the medium and short term. In addition, a negative crossover is beginning to appear in the Relative Strength Index after the stock managed to unwind its oversold conditions, opening the door for further losses in the near term.

Therefore, our expectations point to a decline in the stock price in upcoming trading, as long as resistance at $48.50 holds, targeting the first support level at $41.45.

Todays price forecast: Bearish