PayPal Holdings (PYPL) continued to rise in its latest intraday trading after successfully overcoming the negative pressure from the 50-day simple moving average, which provided fresh positive momentum to extend its gains. This advance was supported by bullish signals on the RSI, despite it reaching overbought levels, and was accompanied by a noticeable increase in trading volumes. The stock remains under the dominance of a short-term corrective uptrend, moving along an upward sloping line.

Therefore, we expect the stock to rise in upcoming trading sessions, as long as it remains above 70.70, targeting the key resistance level of 79.50.

Todays price forecast: Bullish.