Paysafe Limited Stock Forecast

Paysafe Limited stock price up 3.94% on Tuesday
(Updated on Jul 02, 2024)

PSFE Signals & Forecast

There are mixed signals in the stock today. The Paysafe Limited 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 $17.98. On a fall, the stock will find some support from the short-term average at $17.72. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Monday, July 01, 2024, and so far it has risen 3.94%. 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.

Support, Risk & Stop-loss for Paysafe Limited stock

Paysafe Limited finds support from accumulated volume at $17.80 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $0.85 (4.97%) between high and low. For the last week, the stock has had daily average volatility of 2.74%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (PSFE) For The Upcoming Trading Day Of Wednesday 3rd

For the upcoming trading day on Wednesday, 3rd we expect Paysafe Limited to open at $17.65, and during the day (based on 14 day Average True Range), to move between $17.37 and $18.47, which gives a possible trading interval of +/-$0.546 (+/-3.05%) up or down from last closing price. If Paysafe Limited takes out the full calculated possible swing range there will be an estimated 6.09% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $17.80 (0.67%) than the resistance at $18.18 (1.45%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Paysafe Limited stock A Buy?

Paysafe Limited 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: -2.673 Sell Candidate Unchanged

Predicted Opening Price for Paysafe Limited of Wednesday, July 3, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.