PYPL - PayPal Holdings

Industry: Credit Services Sector: Financial

Buy Candidate
Fri 26'th May 2017

PERIOD COVERED
2017-02-27 - 2017-05-26
CHANGE
0.51%
PRICE
$51.19
VOLUME
Sell
TREND
Buy
MV LONG
Buy
MV SHORT
Buy
PIVOT
Buy
MACD
Sell
Request Prediction
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PayPal Holdings Stock Analysis

Technical stock analysis for Fri 26'th May 2017

Buy candidate since 2017-05-26

PayPal Holdings gained 0.51% in the last trading day, rising from USD 50.93 to USD 51.19 The price has risen in 8 of the last 10 days and is up by 3.69% over the past 2 weeks. Volume fell in the last day by -0.20 million shares, and in total, 4.75 million shares bought and sold for approximately USD 243 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Trend

PayPal Holdings lies in the upper part of a strong rising trend in the short term, and this will 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 USD 51.78 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 22.0% during the next 3 months and, with 90% probability hold a price between USD 57.46 and USD 63.18 at the end of this period.

Signals

Only positive signals in the chart today. PayPal Holdings holds buy signals from both short- and long-term moving averages. In addition, 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 USD 50.22 and USD 47.17. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday May 17, 2017, which indicates further gains 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 may be an early warning. The stock should be watched closely.

The stock had a Golden Star Signal* on Wednesday April 05, 2017 for the short-term and also have Golden Star Signal for the mediumterm dated Wednesday December 07, 2016.

* Golden Star Signal* is when the short-term moving average, the long-term moving average, and priceline meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Relative Strength Index (RSI)

RSI14 is 68 and the stock is currently not being overbought or oversold

Support & Resistance

PayPal Holdings finds support from accumulated volume at USD 49.77, USD 49.05, and USD 47.15. There is no resistance from accumulated volume above today's level and given the right condition the stock may perform very well during the next couple of days.

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved USD 0.50 (0.98%) between high and low. For the last week, the stock has had a daily average volatility of 1.41%.

Our recommended stoploss: USD 49.03 (-4.22%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 7 days ago.)

Evaluation

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 this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.

Buy Candidate

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