Paypal - sitting at supportBullish technicals
PYPL has struggled to stay above the 200sma, which is still in an uptrend.
Today closing above the 200sma would we the third consecutive day doing so...
Risk reward ratio is 3:1
Bearish technicals
OBV has been trending lower, diverging from what the RSI is telling us.
We have a few layers of overhead resistance.
-----
Keeping on a close watchlist until technicals indicate otherwise.
Smastudy
SMAR /confirming pullbackTechnical analysis
200sma & 100sma are now working as our support. This is specially important as they just recently reported earnings (check fundamental analysis below).
There is also a Fibonacci confluence setting support at $43.
Risk-reward-ratio ---> 3.5:1
Entry ---> $44.5
Profit-exit ---> $54
Stop-loss ---> $41.89
Next short-term resistance ---> $47.5
Support after our stop-loss ---> $40.5 = 50sma
Fundamental analysis
Smartsheet beats by $0.03, beats on revs; guides Q4 (Jan) EPS in-line, revs in-line.
SMAR reported 3rd Quarter 2020 diluted losses (ex-items) of $0.25 per share. This missed last year's same period results by 63%.
-----------
Previous SMAR analysis:
Smartsheet - no longer downtrendTechnical analysis
SMA:
For the past 4 days, SMAR rallied of the 50sma with above average volume.
It took out its short-term resistance at the 200sma, and is currently crossing 100sma today (nov.20.2019).
RSI @67 on an uptrend
OBV is higher than early june when stock price was also $45, indicating accumulation (Bull).
**The healthcare is also breaking upwards and has strong momentum.