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* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of PYPL
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Paypal stock upgraded to Buy Candidate.
(Updated on Mar 18, 2024)

Buy candidate since Mar 18, 2024 PDF

The Paypal stock price gained 2.20% on the last trading day (Monday, 18th Mar 2024), rising from $62.85 to $64.23. During the last trading day the stock fluctuated 2.63% from a day low at $63.10 to a day high of $64.76. The price has risen in 6 of the last 10 days and is up by 7.09% over the past 2 weeks. Volume fell on the last day by -6 million shares and in total, 14 million shares were bought and sold for approximately $909.04 million. 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.

The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $64.48 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -3.01% during the next 3 months and, with a 90% probability hold a price between $53.60 and $62.54 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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PYPL Signals & Forecast

Mostly positive signals in the chart today. The Paypal stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $61.66 and $60.39. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, February 08, 2024, and so far it has risen 14.43%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Paypal stock

Paypal finds support from accumulated volume at $63.74 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.66 between high and low, or 2.63%. For the last week, the stock has had daily average volatility of 3.18%.

Our recommended stop-loss: $62.09 (-3.33%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 26 days ago.)

Trading Expectations (PYPL) For The Upcoming Trading Day Of Tuesday 19th

For the upcoming trading day on Tuesday, 19th we expect PayPal Holdings to open at $64.03, and during the day (based on 14 day Average True Range), to move between $62.40 and $66.06, which gives a possible trading interval of +/-$1.83 (+/-2.85%) up or down from last closing price. If PayPal Holdings takes out the full calculated possible swing range there will be an estimated 5.70% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $63.74 (0.76%) than the resistance at $64.78 (0.86%), 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 stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 1.620 Buy Candidate Upgraded

Predicted Opening Price for PayPal Holdings of Tuesday, March 19, 2024

Fair opening price March 19, 2024 Current price
$64.03 ( 0.311%) $64.23

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

Trading levels for PYPL

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 65.69 2.27 %
R2 65.06 1.29 %
R1 64.66 0.676 %
Current price: 64.23
Support S1 63.40 -1.30 %
S2 63.00 -1.91 %
S3 62.37 -2.90 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 65.82 2.48 %
R1 64.78 0.86 %
Current price 64.23
Support S1 63.74 -0.763%
S2 60.71 -5.48%
S3 56.13 -12.61%

FAQ

What is the symbol for Paypal Stock and on which exchange is it traded?
The symbol for Paypal is PYPL and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Paypal Stock?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

How to buy Paypal Stock?
Paypal Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Paypal Stock.

What's the current price of Paypal Stock?
As of the end of day on the 2024-03-18, the price of an Paypal (PYPL) share was $64.23.

What is the 52-week high and low for Paypal Stock?
The 52-week high for Paypal Stock is $77.95 and the 52-week low is $50.25.

What is the market capitalization of Paypal Stock?
As of the 2024-03-18, the market capitalization of Paypal is 67.359B.

When is the next earnings date for Paypal?
The upcoming earnings date for Paypal is May 13, 2024.
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About PayPal Holdings

Paypal PayPal Holdings, Inc. operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, Zettle, Hyperwallet, Honey, and Paidy names. The company's payments platform allows consumers to send and receive payments in approximately 200 markets and in approximately 100 currencies, withdraw funds to their bank accounts in 56... PYPL Profile

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