Summary
BILL has been in a prolonged downtrend, but the weekly chart suggests a potential reversal setup. Historically, after every major decline, the stock has staged a strong rebound. The current structure shows price testing a long-term support zone around $38–40. If buyers step in, BILL may begin building momentum toward filling the overhead gap around $75–80.
🔍 Technical Analysis
* Weekly Structure: BILL has retraced heavily from its highs near $220, now consolidating at multi-year support ($38–40). Historically, these deep retracements have preceded large recovery rallies.
* Gap Fill Potential: The most notable overhead gap lies between $75–80. If momentum shifts bullish, this area becomes a natural magnet.
* Indicators:
* RSI: Flattening near 40 on the weekly, suggesting downside pressure is slowing, leaving room for upside expansion.
* MACD: Momentum histogram beginning to contract on the downside, signaling bearish exhaustion and potential cross-over ahead.
* Stochastic: Oversold and starting to curl upward – a common signal ahead of reversal moves.
* ADX/DMI: Weakening bearish trend strength, creating conditions for a shift in momentum.
* Volume: Capitulation spikes were seen on prior selloffs; current volume profile suggests accumulation.
🎯 Trade Setup
Reversal Scenario
Entry: $39–41 (current long-term support).
Stop Loss: < $35 (below support and invalidation of reversal thesis).
Targets:
* T1: $50 (first swing resistance).
* T2: $62 (Fib 0.382 retracement).
* T3: $75–80 (gap-fill zone).
Alternative Scenario (Bearish Continuation)
If support at $38 breaks on strong volume, price could retest $30–32 as next support zone.
📈 Fundamental / Sentiment Context
* BILL operates in the fintech/payment automation sector, an industry under pressure but with long-term structural tailwinds.
* Market sentiment remains cautious, but BILL has surprised in the past with sharp recoveries once selling exhaustion sets in.
* Any earnings surprise, guidance upgrade, or sector momentum (e.g., fintech rebound) could act as a catalyst for a sharp upside rally.
✅ Execution Notes
* Position sizing should remain conservative until reversal confirmation.
* Watch weekly closes above $45–47 as an early sign of momentum shift.
* Partial profits can be taken at $50 and $62; leave runners for a potential gap-fill toward $75–80.
TL;DR
BILL is testing a multi-year support zone around $38–40 after a prolonged decline. Technicals point to bearish exhaustion with a high-probability setup for a reversal. Upside targets include $50 → $62 → $75–80 (gap fill). Breakdown below $35 invalidates the setup.
BILL has been in a prolonged downtrend, but the weekly chart suggests a potential reversal setup. Historically, after every major decline, the stock has staged a strong rebound. The current structure shows price testing a long-term support zone around $38–40. If buyers step in, BILL may begin building momentum toward filling the overhead gap around $75–80.
🔍 Technical Analysis
* Weekly Structure: BILL has retraced heavily from its highs near $220, now consolidating at multi-year support ($38–40). Historically, these deep retracements have preceded large recovery rallies.
* Gap Fill Potential: The most notable overhead gap lies between $75–80. If momentum shifts bullish, this area becomes a natural magnet.
* Indicators:
* RSI: Flattening near 40 on the weekly, suggesting downside pressure is slowing, leaving room for upside expansion.
* MACD: Momentum histogram beginning to contract on the downside, signaling bearish exhaustion and potential cross-over ahead.
* Stochastic: Oversold and starting to curl upward – a common signal ahead of reversal moves.
* ADX/DMI: Weakening bearish trend strength, creating conditions for a shift in momentum.
* Volume: Capitulation spikes were seen on prior selloffs; current volume profile suggests accumulation.
🎯 Trade Setup
Reversal Scenario
Entry: $39–41 (current long-term support).
Stop Loss: < $35 (below support and invalidation of reversal thesis).
Targets:
* T1: $50 (first swing resistance).
* T2: $62 (Fib 0.382 retracement).
* T3: $75–80 (gap-fill zone).
Alternative Scenario (Bearish Continuation)
If support at $38 breaks on strong volume, price could retest $30–32 as next support zone.
📈 Fundamental / Sentiment Context
* BILL operates in the fintech/payment automation sector, an industry under pressure but with long-term structural tailwinds.
* Market sentiment remains cautious, but BILL has surprised in the past with sharp recoveries once selling exhaustion sets in.
* Any earnings surprise, guidance upgrade, or sector momentum (e.g., fintech rebound) could act as a catalyst for a sharp upside rally.
✅ Execution Notes
* Position sizing should remain conservative until reversal confirmation.
* Watch weekly closes above $45–47 as an early sign of momentum shift.
* Partial profits can be taken at $50 and $62; leave runners for a potential gap-fill toward $75–80.
TL;DR
BILL is testing a multi-year support zone around $38–40 after a prolonged decline. Technicals point to bearish exhaustion with a high-probability setup for a reversal. Upside targets include $50 → $62 → $75–80 (gap fill). Breakdown below $35 invalidates the setup.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.