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PayPal Holdings stock upgraded to Sell Candidate.

StockInvest.us, 2 years ago

Paypal

The PayPal Holdings stock price gained 1.43% on the last trading day (Friday, 4th Feb 2022), rising from $124.30 to $126.08. During the day the stock fluctuated 4.37% from a day low at $121.40 to a day high of $126.70. The price has been going up and down for this period, and there has been a -22.91% loss for the last 2 weeks. Volume fell on the last day by -19 million shares and in total, 33 million shares were bought and sold for approximately $4.15 billion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

On Feb 03, 2022 "Barclays" gave "$250.00 - $200.00" rating for PYPL. The price target was changed from $124.64 to 6.0%.

The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $123.47 is broken, it will firstly indicate a stronger fall rate.Given the current short-term trend, the stock is expected to fall -22.39% during the next 3 months and, with a 90% probability hold a price between $95.82 and $138.69 at the end of this 3-month period.

Paypal

A buy signal was issued from a pivot bottom point on Thursday, February 03, 2022, and so far it has risen 1.43%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $150.33 and $176.33. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

PayPal Holdings finds support from accumulated volume at $124.30 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $5.30 between high and low, or 4.37%. For the last week, the stock has had a daily average volatility of 5.55%.

PayPal Holdings is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

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.We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Check full Paypal forecast and analysis here.