Fri 23'rd Feb 2018
PayPal Holdings Stock Analysis
Technical stock analysis for Fri 23'rd Feb 2018
|Shorts||1.51% ( 2018-01-31 )|
|Cash||18 762.0 mill|
PayPal Holdings lies in the middle of a wide and 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 6.67% during the next 3 months and, with 90% probability hold a price between $78.06 and $92.96 at the end of this period.
Only positive signals in the chart today. PayPal Holdings holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $77.84 and $79.48. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday February 21, 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.
Relative Strength Index (RSI)
RSI14 is 59 and the stock is currently not being overbought or oversold
Support & Resistance
PayPal Holdings finds support from accumulated volume at $78.40. On the upside the stock meets some resistance just above today's level from accumulated volume at $80.42, $84.21 and $85.32.
The stock is about to test the resistance from accumulated volume at $80.42 and this may cause the stock to take a minor break or get into a more sideways move for a few days.
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 $2.31 between high and low, or 2.98%. For the last week, the stock has had a daily average volatility of 2.35%.
Our recommended stoploss: $75.77 (-4.92%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 2 days ago.)
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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.
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