PayPal Holdings, Inc. Stock Forecast
PayPal Holdings, Inc. stock price ended at 60.72€ on Friday, after losing 1.52%.
(Updated on May 03, 2024)
The PayPal Holdings, Inc. stock price fell by -1.52% on the last day (Friday, 3rd May 2024) from 61.66€ to 60.72€. During the last trading day the stock fluctuated 4.31% from a day low at 60.27€ to a day high of 62.87€. The price has risen in 6 of the last 10 days and is up by 3.2% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -8 thousand shares and in total, 16 thousand shares were bought and sold for approximately 962.59€ thousand.
The stock lies in the middle of a wide and strong 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 14.38% during the next 3 months and, with a 90% probability hold a price between 66.89€ and 73.73€ at the end of this 3-month period.
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2PP.DE Signals & Forecast
The PayPal Holdings, Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately 61.40€. On a fall, the stock will find some support from the long-term average at approximately 60.26€. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, April 30, 2024, and so far it has fallen -5.42%. 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 fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for PayPal Holdings, Inc. stock
PayPal Holdings, Inc. finds support from accumulated volume at 60.11€ 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 controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved 2.60€ between high and low, or 4.31%. For the last week the stock has had daily average volatility of 4.33%.
Our recommended stop-loss: 57.08€ (-5.99%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (2PP.DE) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect PayPal Holdings, Inc. to open at 61.29€, and during the day (based on 14 day Average True Range), to move between 58.74€ and 62.70€, which gives a possible trading interval of +/-1.98€ (+/-3.26%) up or down from last closing price. If PayPal Holdings, Inc. takes out the full calculated possible swing range there will be an estimated 6.51% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 60.11€ (1.00%) than the resistance at 62.11€ (2.29%), 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?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for PayPal Holdings, Inc. stock to perform well in the short-term.
Current score: 1.195 Buy Candidate Unchanged
Predicted Opening Price for PayPal Holdings, Inc. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| 61.29€ ( 0.93%) | 60.72€ |
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 | 63.89 | 5.22 % | |
| R2 | 62.89 | 3.58 % | ||
| R1 | 62.28 | 2.57 % | ||
| Current price: | 60.72 | |||
| Support | S1 | 60.29 | -0.702 % | |
| S2 | 59.68 | -1.71 % | ||
| S3 | 58.69 | -3.35 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 64.20 | 5.73 % | |
| R2 | 62.46 | 2.87 % | ||
| R1 | 62.11 | 2.29 % | ||
| Current price | 60.72 | |||
| Support | S1 | 60.11 | -1.00% | |
| S2 | 58.90 | -3.00% | ||
| S3 | 52.14 | -14.13% |
FAQ
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