PayPal Holdings, Inc. Stock Forecast
Green day on Friday for PayPal Holdings, Inc. stock after gaining 0.97%
(Updated on May 17, 2024)
The PayPal Holdings, Inc. stock price gained 0.97% on the last trading day (Friday, 17th May 2024), rising from 58.88€ to 59.45€. During the last trading day the stock fluctuated 1.26% from a day low at 58.76€ to a day high of 59.50€. The price has risen in 6 of the last 10 days but is still down by -2.09% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 7 thousand more shares were traded than the day before. In total, 28 thousand shares were bought and sold for approximately 1.66€ million.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 58.79€ is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 11.59% during the next 3 months and, with a 90% probability hold a price between 65.61€ and 73.13€ at the end of this 3-month period.
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2PP.F Signals & Forecast
There are mixed signals in the stock today. The PayPal Holdings, Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at 60.39€. On a fall, the stock will find some support from the short-term average at 59.28€. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, April 30, 2024, and so far it has fallen -7.40%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for PayPal Holdings, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at 56.02€ and 55.98€. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, PayPal Holdings, Inc. finds support just below today's level at 56.02€. If this is broken, then the next support from accumulated volume will be at 55.98€ and 55.06€.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved 0.740€ (1.26%) between high and low. For the last week, the stock has had daily average volatility of 1.93%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (2PP.F) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect PayPal Holdings, Inc. to open at 59.24€, and during the day (based on 14 day Average True Range), to move between 57.90€ and 61.00€, which gives a possible trading interval of +/-1.55€ (+/-2.60%) up or down from last closing price. If PayPal Holdings, Inc. takes out the full calculated possible swing range there will be an estimated 5.20% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 60.11€ (1.11%) than the support at 56.02€ (5.77%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is PayPal Holdings, Inc. stock A Buy?
PayPal Holdings, Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -3.867 Sell Candidate Unchanged
Predicted Opening Price for PayPal Holdings, Inc. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| 59.24€ ( 0.359%) | 59.45€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2PP.F
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 59.98 | 0.89 % | |
| R2 | 59.69 | 0.410 % | ||
| R1 | 59.52 | 0.117 % | ||
| Current price: | 59.45 | |||
| Support | S1 | 58.95 | -0.83 % | |
| S2 | 58.78 | -1.13 % | ||
| S3 | 58.50 | -1.60 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 64.20 | 7.99 % | |
| R2 | 60.49 | 1.75 % | ||
| R1 | 60.11 | 1.11 % | ||
| Current price | 59.45 | |||
| Support | S1 | 56.02 | -5.77% | |
| S2 | 55.98 | -5.84% | ||
| S3 | 55.06 | -7.38% |
FAQ
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