Fri 19'th Oct 2018
PayPal Holdings Stock Analysis
Technical stock analysis for Fri 19'th Oct 2018
|Shorts||2.29% ( 2018-09-28 )|
|Cash||5 695.0 mill|
PayPal Holdings gained 9.42% in the last trading day, rising from $77.48 to $84.78 The price has fallen in 6 of the last 10 days , but is still up by 1.92% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 15.13 million more shares were traded than the day before. In total, 34.14 million shares bought and sold for approximately $2 894.10 million.
PayPal Holdings lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -5.29% during the next 3 months and, with 90% probability hold a price between $70.94 and $85.68 at the end of this period.
A buy signal was issued from a pivot bottom point on Thursday October 18, 2018, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. PayPal Holdings holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $86.41. On a fall, the stock will find some support from the short-term average at $79.30. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.
Relative Strength Index (RSI)
RSI14 is 46 and the stock is currently not being overbought or oversold
Support & Resistance
PayPal Holdings finds support from accumulated volume at $80.55.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $3.25 between high and low, or 3.92%. For the last week, the stock has had a daily average volatility of 3.18%.
Our recommended stoploss: $80.71 (-4.80%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 1 days ago.)
Very Low Low Medium High Very High
PayPal Holdings holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Strong Sell Candidate to a Hold/Accumulate.Click for Top 5 Hold/Accumulates
|PYPL $84.78 $7.30(9.42%)|
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