PYPL - PayPal Holdings Mon 27'th Feb 2017
Stock analysis for Mon 27'th Feb 2017 (Updated daily)
Hold candidate since 2017-02-27
PayPal Holdings Stock Analysis
PayPal Holdings fell by -1.00% in the last day, from USD 43.07 to USD 42.64. The price has risen in 7 of the last 10 days days and is up by 5.08% over the past 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -1.73 million shares and in total, 5.03 million shares bought and sold for approx. USD 214 million.
PayPal Holdings lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 7.1% during the next 3 months and, with 90% probability hold a price between USD 43.94 and USD 46.16 at the end of this period.
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 42.46 and USD 41.23. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Friday February 24, 2017, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
* 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)
The stock holds a RSI14 at 80 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.
Support & Resistance
PayPal Holdings finds support from accumulated volume at USD 41.62, USD 40.27, and USD 39.58. On the upside the stock meets some resistance just above today's level from accumulated volume at USD 43.07.
The stock is about to test the resistance at USD 43.07. If this level is broken the stock may move faster and we often see a peak at the end of such a break, posing a good sales opportunity as in 90% of the cases you will get a reaction back to the level broken before new gains. A break should be followed by increasing volume else the break may be false and despite a break of the actual resistance level the stock falls back fairly soon.
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 0.54 (1.28%) between high and low. For the last week, the stock has had a daily average volatility of 1.84%.
Our recommended stoploss: USD 40.12 (-5.91%) ( criteria: risk and closeness to support from trendline.)
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 a hold or accumulate position awaiting further development.