PayPal Holdings, Inc. Stock Forecast
Weaker technical forecast for PayPal Holdings, Inc. as stock downgraded to Sell Candidate.
(Updated on Apr 19, 2024)
The PayPal Holdings, Inc. stock price fell by -1.04% on the last day (Friday, 19th Apr 2024) from 58.84€ to 58.23€. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 3.33% from a day low at 57.59€ to a day high of 59.51€. The price has fallen in 7 of the last 10 days and is down by -2.85% for this period. Volume has increased on the last day by 35 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, 54 thousand shares were bought and sold for approximately 3.17€ million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 7.83% during the next 3 months and, with a 90% probability hold a price between 60.15€ and 68.45€ at the end of this 3-month period.
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2PP.DE Signals & Forecast
There are few to no technical positive signals at the moment. The PayPal Holdings, Inc. 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 59.88€ and 58.64€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -6.74%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for PayPal Holdings, Inc. stock
PayPal Holdings, Inc. finds support from accumulated volume at 57.82€ 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 1.92€ between high and low, or 3.33%. For the last week the stock has had daily average volatility of 2.58%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (2PP.DE) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect PayPal Holdings, Inc. to open at 58.44€, and during the day (based on 14 day Average True Range), to move between 56.68€ and 59.78€, which gives a possible trading interval of +/-1.55€ (+/-2.67%) up or down from last closing price. If PayPal Holdings, Inc. takes out the full calculated possible swing range there will be an estimated 5.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 57.82€ (0.70%) than the resistance at 58.90€ (1.15%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is PayPal Holdings, Inc. stock A Buy?
The PayPal Holdings, Inc. stock holds several negative signals and despite the positive trend, we believe PayPal Holdings, Inc. will perform weakly in the next couple of days or weeks. Therefore, we 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.
Current score: -2.634 Sell Candidate Downgraded
Predicted Opening Price for PayPal Holdings, Inc. of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| 58.44€ ( 0.366%) | 58.23€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2PP.DE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 60.36 | 3.66 % | |
| R2 | 59.63 | 2.40 % | ||
| R1 | 59.18 | 1.63 % | ||
| Current price: | 58.23 | |||
| Support | S1 | 57.71 | -0.89 % | |
| S2 | 57.26 | -1.67 % | ||
| S3 | 56.52 | -2.93 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 60.11 | 3.23 % | |
| R2 | 60.02 | 3.07 % | ||
| R1 | 58.90 | 1.15 % | ||
| Current price | 58.23 | |||
| Support | S1 | 57.82 | -0.704% | |
| S2 | 56.02 | -3.80% | ||
| S3 | 52.14 | -10.46% |
FAQ
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