PYPL
PayPal Report Exceeded Forecasts Due To Growth In Online SalesPaypal shows a clear uptrend. Formed a bullish flag. If it breaks through the key resistance level, then the next targets are the Fibonacci levels.
PayPal Holdings reported better-than-expected quarterly results due to increased online sales during the coronavirus quarantine, but the current quarter profit forecast disappointed analysts. The company's revenue increased by about 25% to $ 5.46 billion, beating the analyst consensus forecast of $ 5.43 billion.
A storm is brewing in the stock market until January 20. The name of this “weather phenomenon” is the US presidential election. The American economy is the largest in the world, so the world economy indirectly depends on what is happening in the United States.
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PYPL, was a top loser this week, declining -9.74%. PayPal Holdings (PYPL, $192.31) was a top weekly loser, falling -9.74% to $192.31 per share. Of the 50 stocks analyzed in the Data Processing Services Industry throughout the week of October 21 - 28, 2020, 9 of them (17.14%) exhibited an Uptrend while 41 of them (82.86%) were in a Downtrend. 90 similar cases when PYPL's price dropped 5% within one week were found. In 71 of those 90 cases, PYPL's price went up during the subsequent month. Based on these historical data, the odds of a Downtrend reversal for PYPL are 79%. Current price $189.54 crossed the resistance line at $183.23 and is trading between $193.32 resistance and $183.23 resistance lines. Throughout the month of 10/02/20 - 11/03/20, the price experienced a -6% Downtrend. During the week of 10/27/20 - 11/03/20, the stock fell -10%.
Bullish Trend Analysis
The Stochastic Indicator shows that the ticker has stayed in the oversold zone for 5 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
The 10-day Moving Average for PYPL crossed bullishly above the 50-day moving average on October 09, 2020. This indicates that the trend has shifted higher and could be considered a buy signal. Tickeron A.I. detected that in 16 of 18 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 89%.
Following a +6.50% 3-day Advance, the price is estimated to grow further. Considering data from situations where PYPL advanced for three days, in 248 of 348 cases, the price rose further within the following month. The odds of a continued upward trend are 71%.
PYPL may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. Tickeron A.I. detected that in 306 of 396 cases where PYPL Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 77%.
PAYPAL correction done?PayPal Holdings Inc. has been one of the biggest beneficiaries of the COVID-19 crisis, which has driven record usage of its payments platforms as more people shop online. Now the question is whether the company can keep this momentum going.
There is plenty of uncertainty ahead for PayPal PYPL, -4.23%, wrote MoffettNathanson analyst Lisa Ellis in a note titled, “Is this the end, or the beginning?” The company continues to face weakness in the travel and events vertical, it’s seeing a credit slowdown that could persist into next year, and former corporate cousin eBay Inc. EBAY, +2.19% is in the midst of moving from PayPal to its own managed payments platform, a transition that’s happening more quickly than expected.
PYPL Still Above Major Support LevelsPaypal looking bullish into the election. Price is still trading above some major support levels at 171.00 & 164.00 respectively. Look to buy into major support levels as risk/reward becomes very attractive. If the price manages to consolidate below 162.00 cut losses quickly. Any consolidation below 162.00 will be considered very bearish.
PYPL Bullish Cup and Handle pattern playing outLooks like a Cup and Handle pattern playing out on the Paypal (PYPL) chart. Upside target would be $251, but they report earnings on 2 November that could make or break this setup. I am not looking to play this setup until after the earnings report. I will post a video talking about this in more detail on my YouTube channel "Money Dad" soon.
PYPL, Made The Move Below Major Trendline, Next Steps Ahead!Hello Traders Investors And Community,
Welcome to this analysis where we are looking at the 4-hour timeframe perspective, the recent events, the current formational structure and what we can expect the next times. PYPL like many other stocks in the current situation provided heavy bearishness to the downside, the big question now for this stock is if it will continue or manages to reverse in the structure, as the major indices also looking seriously bearish with a bigger potential for continuation given as there is the gap between the real economy and stock market existing we can not take the bearish perspective out of sight here and there are some possible outcomes I detected properly fulfilling when the stock shows up with the proper price-action in its destinies.
Looking at my charting you can watch there this huge low-volatility-cycle established now for a longer time period, furthermore, the stock broke below major layers of support which are now resistance, these are firstly the ascending trendline marked in blue which was a fundamental step into following up with this bearish move secondly below the EMAs where also a bearish crossover formed, these EMAs are now serious resistance and it is possible that we see a consolidation where they properly confirm as resistance, when this happens we can expect the next movements to consolidate between the trendline and resistance when the grey trendlines are broken there will follow up bearish pressure with a high possibility given.
In this manner, thank you for watching, support for more market insight, good day to you, and all the best!
“The men on the trading floor may not have been to school, but they have Ph.D.’s in man’s ignorance.”
Information provided is only educational and should not be used to take action in the markets.
PAYPAL: one of the covid winners about to move againPAYPAL has gained more than 100% since Covid-19 hit the market
This stock has the potential to continue its growth due to worldwide digital payment adoption accelerated by the pandemic
Currently PAYPAL is at a buying zone after a pullback
We project a further impulse up to about 15% gain
Entry and target area as shown
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Signals for 13/07/2020Hey guys, I am back with some more signals for all who want them
EURUSD – the price is in an important support right now, expect an impulsive breakout, pullback and fractal, and then short with a target at 1.1265, or a false breakout, pullback and fractal, and then long with a target at 1.1345
GBPUSD – Same idea, the price is crawling towards a support at 1.2588, Again, either reversal pattern or breakout, long target at 1.266, short target at 1.252
USDCAD – the price is also having a party inside a level, realistically, wait for a breakout either way, long target 1.351, short target – 1.351
NZDUSD – the price is poking at a support right now, I’m thinking breakout on this one – impulse down, pullback fractal, all that jazz, target at 0.652, might be a bounce or false breakout though, so watch out for that fractal, if anything, long target at 0.659
XAUUSD – The price is jabbing at a dynamic resistance, and with how gold is, I really believe we’re getting a breakout soon. Is the price impulses out the resistance, long with a target at 1900
PYPL – like I said last time, it’s looking quite bullish, there will likely be a pullback to the level at 175, followed by either a bounce or false breakout, after that just long with a target at 192.
That’s about it guys, I hope you found this useful, have a good one.
PYPL is forming bird pattern:It breaks all the resistance and currently there is no resistance that PYPL conform that it will move down.
The stock will gravitate little downwards from current level and will continue move upwards.
The stock is bullish.
Smaller time frame for better understanding:
Above 175.48 level can move up-to 182.07
Down move can be till 164.11
Signals for 09/07/2020Hey guys, I’m here once again with some signals for you all.
EURUSD – it’s looking like a false breakout of an important resistance at 1.1350, I expect a downwards move after the pattern finishes, so put a target at 1.12, but there’s a chance that there’ll be an impulse upwards, above the level. If that happens, enter with a target at 1.14
GBPUSD – I expect a bounce or possibly a false breakout from 1.2633, target at 1.255
USDCAD – the price is just about floundering below the level at 1.35220, it will likely go down, in which case you can short with a target at 1.3420. What may also happen, although less likely, is an impulse up above the level, in which case enter a long with a target at 1.3550.
PYPL - I recommend a long, as soon as the price pulls back to 175, with a target at 190.
VISA – I recommend you long with a target at 200
DIS – there was a bullish breakout of a range recently. I’d wait for a pullback and long with a target at 122.
That’s about it, I hope you found this useful, have a good day.