PayPal Holdings stock downgraded from Buy Candidate to Sell Candidate after Tuesday trading session.

The PayPal Holdings stock price fell by -1.95% on the last day (Tuesday, 4th Jan 2022) from $194.94 to $191.14. During the day the stock fluctuated 4.20% from a day low at $188.19 to a day high of $196.10. The price has risen in 5 of the last 10 days and is up by 4.63% over the past 2 weeks. Volume has increased on the last day by 991 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 14 million shares were bought and sold for approximately $2.62 billion.

On Dec 20, 2021 "Wedbush" gave "$240.00 - $220.00" rating for PYPL. The price target was changed from $183.42 to 1.5%.

The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $195.67 will firstly indicate a slower falling rate, but may be the first sign of a trend shift.Given the current short-term trend, the stock is expected to fall -31.59% during the next 3 months and, with a 90% probability hold a price between $100.10 and $133.86 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

A buy signal was issued from a pivot bottom point on Wednesday, December 01, 2021, and so far it has risen 6.59%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The PayPal Holdings stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $191.23 and $191.19. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

PayPal Holdings finds support from accumulated volume at $189.48 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $7.91 between high and low, or 4.20%. For the last week the stock has had a daily average volatility of 2.78%.

PayPal Holdings holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.