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PAYPAL HOLDINGS INC

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PYPL trade ideas

PayPal (PYPL) – Cup-and-Handle Setup looks very BULLISHPayPal is showing a well-formed cup-and-handle pattern, with a currently consolidating handle. The stock is moving within an ascending channel, which helps project a path to the bullish target of $92.40 . However , this is an early-stage breakout setup and carries some risk . If the price breaks below the lower boundary of the ascending channel (currently around $72), it could invalidate the pattern. With the 150-day moving average far below and the RSI in overbought territory, any failure to hold support would suggest an overextended stock . On the upside, volume is increasing, and the market's current bullish trend gives PayPal a solid chance at breaking through the $74 resistance and heading toward the target. With pre-market price of ~$74 PayPal looks ready to test the $74 resistance. However, keep an eye on $72 support level for risk management, and wait for volume for breakout confirmation. Do you think PayPal can sustain this momentum, or is the stock too stretched for a breakout?
NASDAQ:PYPLLong
by elka_graph
2
PYPL Sept. 4, 2024Technical Overview Recent Price Action: The price has been trading in a range, consolidating after a previous downtrend. There was a recent test of the resistance at around $73.93, but it appears to have been rejected. The price is now hovering just above the $70.06 level, which acts as a significant support level. Volume Profile: The volume profile shows a high concentration of trading activity around the $71.79 to $73.93 range. This suggests that this area is a key battleground between buyers and sellers. Below the $70 level, there seems to be a gap in the volume profile, which could mean a swift move down if the price breaks below this level. Support and Resistance Levels: Immediate Support: Around $70.06, which is a crucial level to watch. A break below this could lead to further downside. Next Support: Around $67.13, followed by a more significant support zone around $56.97-$58. Immediate Resistance: Around $73.93, where the price was recently rejected. Next Resistance: If the price can break above $73.93, the next level to watch would be around $76.00. Stochastic RSI: The Stochastic RSI is currently in an oversold condition, which could indicate a potential short-term bounce. However, this should be taken with caution, especially if the broader trend is still downward. Market Context Macro Conditions: With concerns around interest rates, potential economic slowdown, and market-wide sell-offs (as seen with NVDA and others), investor sentiment is currently cautious. This impacts growth stocks like PYPL, especially in the tech and fintech sectors. Sector Weakness: The tech and fintech sectors have been under pressure recently, and any signs of continued weakness could exacerbate the downtrend in PYPL. Price Action and Forecast Bearish Bias: Given the recent rejection at resistance and the overall market sentiment, there is a bearish bias. A break below $70.06 could accelerate the decline, with $67.13 as the next key level, followed by the $56.97-$58 zone if selling pressure continues. Potential Bounce: If PYPL holds above $70, there could be a short-term bounce back toward the $71.79-$73.93 range. However, this would likely be met with resistance, and any rally might be short-lived unless accompanied by strong volume and positive market catalysts. Entry and Exit Points For Short Positions: Consider entering if PYPL breaks below $70.06 with a target around $67.13, and possibly lower to $58 if the downtrend continues. A stop loss could be placed above $73.93 to protect against a potential reversal. For Long Positions: If looking for a long position, it would be more conservative to wait for a confirmed breakout above $73.93 with strong volume, targeting $76 or higher. Alternatively, a long position could be considered near $67.13 if there's evidence of strong support and a potential bounce. Forecast Trend Near-Term: The trend appears bearish with potential support breaks leading to lower levels. Long-Term: For long-term investors, caution is advised. The broader market environment is uncertain, and it might be prudent to wait for clearer signs of stabilization or a confirmed reversal before committing to long positions.
NASDAQ:PYPL
by BullBearInsights
PayPal Recovering 42% From Recent LowsStrategic partnerships between major companies like PayPal and Adyen are enhancing consumer convenience with their new project, Fastlane by PayPal. Aimed at revolutionizing the checkout process for U.S. enterprise and marketplace users, Fastlane combines PayPal and Adyen's technologies to streamline guest checkout, significantly reducing purchase completion time. A key feature of Fastlane is its ability to remember users' payment and shipping details, facilitating quicker future transactions. According to PayPal's data from April to June 2024, Fastlane increased checkout conversion rates by over 80% and decreased checkout time by 32% compared to traditional methods, indicating a boost in customer satisfaction and retention. Adyen, recognized for its extensive fintech solutions, is the first payment processor partnering in the Fastlane initiative, which supports PayPal’s goal of global expansion. The service now includes more payment options like Venmo and various Buy Now, Pay Later schemes, accessible worldwide through Adyen’s platform, enhancing payment flexibility. The introduction of Fastlane might influence the financial sector and stock market, especially considering PayPal's stock recovery signs after a significant drop. Strategic developments such as Fastlane could be crucial for further growth as the stock challenges major resistance levels. If you enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
NASDAQ:PYPL
by Sublime_Trading
$PYPL | Allocated & Watchlist | Buy Limit & Buy Stop |Technical Confluences: - Stochastics are in Overbought conditions in the Daily Timeframe - Price is close to the top of the Parallel Channel and is currently in the Interest Zone - Price action bounced off the Mid of the Parallel Channel which strengthens a bullish trend - Fundamental Confluences: - Paypal is considered a market leader in digital payments space due to its extensive network, brand recognition and services - Revenue has been constantly increasing every quarter but lacking in revenue growth - Better EPS, good FCF and reduced operating expenses are good storylines - However, digital payment systems are facing alot of competition these days and Paypal being one of the initial pioneers will definitely need to step up and conquer back this space ----- I have previously allocated into Paypal previously at 58.80 (when it was bouncing off the 78% Fibo retracement line. I am still watching to continue to build up my NASDAQ:PYPL allocation. I will be looking to add more in the higher Buy Limit zone if the price breaks the Parallel Channel and goes above the Interest Zone. I will also look into buying again close to the 61% and 78% Fibo line; assuming price cannot break the parallel channel this round and retrace backs down. Will continue monitoring it. -----
NASDAQ:PYPLLong
by weekendanalyst
Technical Analysis on PayPal (PYPL)PayPal ( PYPL ) has experienced a medium-term negative trend, losing over 80% from its 2021 highs. This downtrend developed after the formation of a Double Top chart pattern. Currently, the price is near a key resistance area at $70 (marked as Res 1), highlighted in purple. In the past, this zone acted as support (green arrows), and more recently, it has been serving as resistance, with the price being rejected twice (red arrows). In the short term, the stock is showing a slightly positive formation, with an ascending triangle pattern taking shape. Additionally, the price is positioned above the main Point of Control (POC), considering the entire volume history. Bullish Scenario: To confirm a bullish scenario, the stock needs to break above the $70 resistance area (Res 1). If successful, it could progressively reach $100 and subsequently $120. Above this level, there are inefficient zones with low volume where the stock could potentially extend further. Bearish Scenario: If the stock fails to break the first resistance and falls below the POC area, it could resume its downtrend, targeting the first support area around $40 in stages.
NASDAQ:PYPL
by Giovanni_Bandini
PayPal (PYPL): Time to Secure Profits After Hitting New HighsWe’ve noticed that PayPal isn’t getting much attention lately, but since our entry, the stock has surged to a new high, the highest since April 2024. However, amidst the potential hype surrounding PayPal, we must remain focused and closely monitor the chart. The gap from August 2023 has now fully closed, and the RSI is beginning to look concerning. In response, we’ve decided to take some profits off the table and raise our stop-loss to just below the triple EQL at around $56.88. With this new stop-loss and the profits we've secured, we’re protected from potential downturns but still positioned to look for another entry in PayPal. Stay tuned for updates on the next possible setup. ✅
NASDAQ:PYPL
by freeguy_by_wmc
PayPal’s stock climbs following strategic partnership with AdyenPayPal Holdings, Inc. has entered into a promising partnership with the Dutch payment company Adyen, introducing the innovative Fastlane feature to streamline the checkout process for corporate and marketplace customers in the US. This collaboration is poised to significantly boost PayPal’s revenue, potentially adding 1-1.5 billion USD to its transaction margin. This strategic alliance strengthens PayPal’s competitive edge in the online payments sector and sets the stage for expansion both in the US and globally. Financial experts project a potential increase in PayPal’s stock value, targeting a near-term price of 90 USD, bolstered by the operational benefits and enhanced market positioning derived from the partnership with Adyen. Technical analysis of PayPal Holdings, Inc. (NASDAQ: PYPL) Examining potential trading opportunities based on recent movements in PayPal’s stock: Timeframe : Daily (D1) Current trend : the stock has exited the descending channel present since mid-2022, signalling a potential end to the medium-term bearish trend Key resistance level : initially at 68.00 USD, which has been surpassed with consolidation above this point First target : 78.00 USD, with a breakout above this level potentially leading towards 90.00 USD RSI indicator : the breakdown of the resistance line on the RSI supports a bullish outlook Potential negative scenario : a drop below 55.00 USD could signal a re-entry into the descending channel, possibly leading to a further decline towards 45.00 USD Investors should closely monitor PayPal, particularly in light of its strategic manoeuvres and the potential for increased market share driven by the partnership with Adyen. While technical indicators suggest a bullish outlook, vigilance is advised due to the possibility of fluctuations that could test new support levels. — Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews. The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments. Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65.68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
NASDAQ:PYPL
by RoboMarkets
Paypal - LongYou could take a shot on Paypal here, we are taking a small position. Here is why: Bullish Variables - We have broken out of a bullish wedge and successfully backtested the breakout. - It is showing accumulation, with the higher low and now same low. - It survived earnings - impressing. - Indicators showing bullish convergence and volume is slightly increasing. - Easy to size up, clear stop loss, below our level we are looking for 40$ Why we remain cautious and are opening a small position - It is still below key support, in the middle of a range. For the best chances you want assets that are above their levels. - Although the indicators aren't bearish, they aren't showing bullish divergence either. - Paypal has been in a bearish trend since 2021, you'd want to trade assets that are in a trend. Overall it looks ok, hence why we are long, but an asset like BABA is far stronger technically, so if it was an option of the two I'd go with the latter.
NASDAQ:PYPLLong
by SynergyTradingSetups