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.
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Paypal
$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
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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.
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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.
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. ✅
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.
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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.
PayPal’s Stellar Q2 Report: Revenue & Earnings Beat ExpectationsPayPal Holdings (PYPL) has reported impressive second-quarter results, with earnings and revenue surpassing analyst expectations. The digital payments giant’s robust performance has led to a positive market response, with its stock climbing over 7% following the announcement. Here’s an in-depth look at PayPal’s Q2 achievements, strategic moves, and future prospects under the leadership of new CEO Alex Chriss.
Q2 Financial Highlights
- Earnings and Revenue: Under new accounting rules, PayPal’s earnings for Q2 rose 36% to $1.19 per share on an adjusted basis. Revenue increased by 8% to $7.9 billion, exceeding the FactSet consensus of 98 cents per share on $7.82 billion in revenue. This marks a significant turnaround for the company, which had seen its stock fall by 4% in early 2024.
- Transaction Gross Profit: The transaction gross profit grew 6.5% to $3.2 billion, beating analyst estimates by 1%.
- Total Payment Volume (TPV): The total payment volume processed from merchant customers increased by 11% to $416.8 billion, just shy of the $417.5 billion analysts had projected.
Strategic Moves and Leadership Changes
New CEO Alex Chriss has been proactive in steering PayPal towards sustainable growth amidst rising competition from tech giants like Apple and Google. Despite fears of market share erosion, PayPal’s branded checkout business has outperformed, easing competition worries.
- Maintaining Market Share: Chriss highlighted that PayPal has maintained its market share in desktop/web checkouts, which constitute 40-50% of all checkouts, over the past four years despite the competitive landscape.
- Profit Forecast Upgrade: For the second time this year, PayPal has raised its forecast for full-year adjusted profit, now expecting a "low to mid-teens percentage" increase in 2024, up from the "mid-to-high single-digit" growth forecasted in April.
Key Performance Metrics
PayPal’s Q2 results have demonstrated the effectiveness of its strategic initiatives and operational efficiencies:
- Adjusted Earnings Per Share: The company’s adjusted earnings per share rose to $1.19, up from 87 cents in the same period last year.
- Revenue Growth: Revenue climbed 9% to $7.89 billion on a foreign exchange-neutral basis.
- Transaction Margin Dollars: Transaction margin dollars surged by 8% to $3.61 billion, far exceeding expectations of a nearly 1% gain.
- Operating Margins: Adjusted operating margins expanded by 231 basis points to 18.5%, driven by cost-cutting measures and restructuring efforts.
Branded Checkout and Key Business Segments
PayPal’s branded checkout, Braintree, and Venmo have all contributed to the highest transaction margin dollars growth rate since 2021. CFO Jamie Miller emphasized that the company is focusing on high-quality profitable growth, which involves prioritizing higher-margin transactions over sheer volume.
- Branded Checkout Growth: Despite investor concerns, branded checkout grew by approximately 6% in the second quarter.
- Braintree and Venmo: Both platforms have seen significant improvements in profitability and user growth. Venmo, in particular, continues to be a major growth driver.
Future Outlook
Looking ahead, PayPal is betting on the resilience of American consumer spending, especially during key shopping seasons such as back-to-school and the holidays. The company’s strategic focus on maintaining market share, enhancing profitability, and driving user growth is expected to yield positive results.
- Profitability Focus: PayPal’s plan to prioritize high-quality, profitable growth is evident from its strategic moves and financial performance in Q2.
- Market Confidence: The market’s positive response to PayPal’s Q2 earnings report underscores confidence in the company’s ability to navigate competitive pressures and drive long-term growth.
Conclusion
PayPal’s impressive Q2 performance, underpinned by strong earnings, revenue growth, and strategic leadership, has set a positive tone for the rest of 2024. With CEO Alex Chriss at the helm, the company is well-positioned to leverage its strengths, navigate market challenges, and continue delivering value to its shareholders.
As PayPal ( NASDAQ:PYPL ) continues to adapt and innovate in the dynamic digital payments landscape, its focus on high-quality growth and operational efficiency will be crucial in sustaining its competitive edge and achieving long-term success.
PayPal (PYPL) - Approaching Potential Reversal ZonePayPal has reached our anticipated zone for Wave (ii), respecting the $59 to $57 range. The price action suggests a possible bottom formation, making it a candidate for a potential entry point.
Key observations indicate that the support and reversal zone between $59 and $57 has held and build an EQL there, indicating a possible end to the correction phase. If the price revisits the Point of Control, it could offer another attractive entry point for long-term positions.
However, PayPal remains in a range, making the situation somewhat risky as it hasn't broken out decisively yet. There is a risk that the price could revisit the lower bound around $55.77. Falling below this level would invalidate our bullish outlook.
We are monitoring PayPal closely and will consider entering long positions if the current support holds and the price action confirms a reversal. The Point of Control remains a key level to watch for another potential entry.
Bullish on PayPalNarrowed down my entry with Paypal.
After multi-timeframe analysis, I'm looking to hold this bad boy.
Exit as you wish, I mentioned some key levels in the vid.
Enjoy the background noise from my mom and my mother in-law in the background 😂 They're whippin up some breakfast before we go out to explore El Salvador
PayPal Holdings (PYPL): Will $55.77 Hold?At the request of one of our members, we're taking a closer look at PayPal Holdings, which we haven't reviewed for a while. PayPal is currently in a sideways movement, respecting the top of Wave ((ii)) at $68.21. Although there was a wick above this level, no significant breakthrough has occurred.
We have developed a bearish divergence with the RSI, indicating potential downward pressure. While still within this range, we expect the price to eventually sell off towards the Point of Control and the 78-88.2% Fibonacci retracement levels, potentially completing Wave ((ii)).
It is crucial that the price does not fall below the range low of $55.77. If it does, we could see levels around $50 to $52. As long as the price remains above $55.77, we are considering this range for potential entry points.
Trade Like A Sniper - Episode 22 - PYPL - (7th June 2024)This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis using ICT's Concepts in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful planning, discipline, and taking your shot at the right time in the best of conditions.
A couple of things to note:
- I cannot see news events.
- I cannot change timeframes without affecting my bias due to higher-timeframe candles revealing its entire range.
- I cannot go to a very low timeframe due to the limit in amount of replayed candlesticks
In this session I will be analyzing PayPal (PYPL), starting from the 6-Month chart.
SOLUSD: Snapping Back to $210 | 70.70% Probability!BINANCE:SOLUSD has been drawing a lot of attention in the crypto space in the past few days due to its integration with NASDAQ:PYPL
Let's have a technical analysis breakdown:
BINANCE:SOLUSD According to my Free Probability Indicator , There's a 70.00% chance it could climb back over $210 and beyond, which is pretty much encouraging!
If you're thinking about trading LINK, here's what you should consider:
Entry:
Wait for clear signs that the price is going up again.
Once you're confident the trend is changing, consider buying LINK.
I'm currently looking at the 8H Equilibrium to get positioned.
Exit:
To protect yourself from drawdowns, consider setting a "trailing stop-loss." This will automatically trigger a sell order if the price starts dropping again after you buy, securing your running profits.
Risk Management:
Ensure you're not risking more money than you can afford to lose.
Only invest what you're comfortable with and consider how much you're willing to lose if things don't go as planned.
This isn't financial advice, just some insights to help you make informed decisions. Always do your own research before investing in anything.
Nice entry point for PYPL Paypal - Long termPayPal was bearish since Sep 2021 till Oct 2023 (2 full years).
It seems like it has hit the bottom at $50 area, and now making a bullish trend (higher low, higher high).
It broke the down trend line from Aug 2022, and currently making a confirmation.
$63 price at the beginning of June 2024 is a good entry point for the long run with relatively short stop-loss (less than 5%)
Target points are as below:
6 months : +21%
1 year later : +48%
1.5 years later : +84%
2.5 years later : +175%
4 years later : +359%
So, we can check with PayPal every 0.5 year (6 months).
GL
PayPal USD (PYUSD) Goes Live On SolanaPayPal USD ( SEED_DONKEYDAN_MARKET_CAP:PYUSD ) has gone live on the Solana blockchain, marking a significant expansion beyond the Ethereum ecosystem. This collaboration between PayPal and Solana ( CRYPTOCAP:SOL ) offers millions of users guaranteed access to the token with guaranteed speed. The integration allows PayPal to leverage Solana ( CRYPTOCAP:SOL ) and the token extension to serve over 30 million merchants globally while offering transactions at a lower cost. This marks a milestone for USD-pegged stablecoin as it is its first move beyond the Ethereum ecosystem.
PYUSD is also expanding its utilization as a payment method for small and daily purchases. PayPal USD has found new ways to evolve in a bid to compete with dominant alternatives like Tether ( CRYPTOCAP:USDT ) and USD Coin ( CRYPTOCAP:USDC ). Xoom, PayPal's cross-border money transfer service, recently launched a new funding option that allows U.S. users to finance international transfers using PYUSD. Users are exempt from paying transaction fees when using PayPal USD to fund eligible transfers to recipients in over 160 countries.
Solana's speed and low cost may impact the PYUSD market outlook positively. Over time, Solana ( CRYPTOCAP:SOL ) known to process over 5,000 transactions per second, costing only about $0.0025. Compared to Ethereum's 15 transactions per second with higher fees, Solana offers significantly cheaper fees. PayPal's senior vice president of blockchain, Jose Fernandez da Ponte, stated that making PYUSD available on the Solana Blockchain furthers their mission of enabling a digital currency with a stable value designed for commerce and payments.
Despite the fundamental, Solana ( CRYPTOCAP:SOL ) is still trading with a weak Relative Strength Index (RSI) of 54.89 signifying a bullish reversal trend in the long term.
PYPL FALLING WEDGE PATTERNPYPL has formed a falling wedge pattern, suggesting a potential bullish breakout. We're currently awaiting confirmation from the price. As long as the price stays above the highlighted support, there's anticipation for a bullish reversal, considering previous price actions.
Former PayPal Chief Predicts Bitcoin Lightning as the FutureFormer PayPal ( NASDAQ:PYPL ) Chief David Marcus has predicted that Bitcoin Lightning Network will become the world's most widely used payment network. Marcus believes Bitcoin ( CRYPTOCAP:BTC ) is a neutral platform ideal for transactions, making it a prime candidate for integration into daily financial operations. The Lightning Network, an overlay on the Bitcoin blockchain, aims to expedite transactions and lower costs, making them more economical and appealing to both individuals and businesses.
Marcus's vision for Bitcoin Lightning suggests a significant enhancement in payment methods, ensuring broader access and integration of cryptocurrency into the global economy. Coinbase, a leading U.S. cryptocurrency exchange, has already adopted the Lightning Network, demonstrating the industry's shift towards faster and more efficient blockchain technologies. Before this integration, Bitcoin transactions on Coinbase were processed directly on the blockchain, taking anywhere from 10 minutes to two hours and incurring high fees during peak periods.
Viktor Bunin, a protocol specialist at Coinbase, believes this integration will expedite Bitcoin transactions and enhance its utility and accessibility globally. Marcus has previously been supportive of Bitcoin, suggesting it could become the preferred currency of Artificial Intelligence (AI) systems, placing BTC at the forefront of future technological advancements and highlighting its potential role in the new digital economy. The combination of Bitcoin and AI technologies could lead to innovative applications and efficiencies in transaction processes, solidifying Bitcoin's position within the tech industry.
PayPal - Is the stock dead?Hello Traders and Investors, today I will take a look at PayPal.
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Explanation of my video analysis:
With the Covid-Crash in 2020 we saw a beautiful bullish break and retest on PayPal in confluence with a retest of an ascending trendline. This retest was followed by a rally of +200% towards the upside. From there, PayPal stock declined more than 80% and it is likely that we will never ever see the previous highs again. If you decide to take a trade though, make sure to properly manage your risk.
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Keep your long term vision,
Philip (BasicTrading)
PayPal's Earnings Surge Under New Reporting MethodIn a surprising move, PayPal Holdings ( NASDAQ:PYPL ) has unveiled a revamped accounting methodology, sending shockwaves through the financial sector. The digital payments giant's first-quarter earnings report, released earlier than usual, revealed a staggering 27% surge in profits, much to the delight of investors. However, what truly sets this announcement apart is the impressive numbers and the strategic shift in reporting standards, promising a new era of transparency and investor confidence.
The Accounting Revolution:
Under the new accounting framework, PayPal ( NASDAQ:PYPL ) now factors in stock-based compensation expense and related employer payroll taxes, providing a more comprehensive view of its financial health. This recalibration showcases the company's commitment to transparency and aligns its reporting practices with the industry's best standards. By recasting adjusted financial results for the past three years, PayPal ( NASDAQ:PYPL ) is not just rewriting its financial narrative but also laying the groundwork for sustainable growth.
Earnings Soar, Outlook Brightens:
The numbers speak for themselves – PayPal's first-quarter earnings jumped to $1.08 per share on an adjusted basis, surpassing analyst expectations. Revenue climbed 9% to $7.7 billion, signaling robust growth in its core business operations. Moreover, management's decision to hike its 2024 profit outlook underscores a newfound confidence in its trajectory. With adjusted EPS growth projected in the "mid to high single-digit percentage," PayPal ( NASDAQ:PYPL ) is poised to unlock new avenues of value creation for shareholders.
Strategic Investments Pay Off:
Behind PayPal's stellar performance lies a series of strategic investments and operational efficiencies. The surge in total payment volume processed from merchant customers, coupled with a substantial share repurchase program, underscores the company's relentless pursuit of value creation. The appointment of new CEO Alex Chriss and CFO Jamie Miller further highlights PayPal's commitment to leadership excellence and innovation. As the digital payments landscape evolves, PayPal remains at the forefront, driving meaningful change and redefining industry norms.
Navigating Competitive Waters:
While PayPal ( NASDAQ:PYPL ) basks in the glory of its earnings triumph, the competitive landscape remains fiercely contested. Rivals such as Apple and Square-parent Block continue to raise the stakes, challenging PayPal's market dominance. However, with a proven track record of innovation and adaptability, PayPal ( NASDAQ:PYPL ) is well-positioned to weather the storm and emerge stronger than ever. By leveraging its technological prowess and customer-centric approach, PayPal remains a formidable force in the digital payments arena.
Investor Sentiment and Future Prospects:
Following the earnings announcement, investor sentiment towards PayPal ( NASDAQ:PYPL ) has been largely positive, with shares initially surging before stabilizing. Despite facing headwinds in the past year, PayPal's strategic initiatives and forward-looking guidance have reignited optimism among stakeholders. As the company forges ahead into uncharted territories, investors can expect a compelling narrative of growth, resilience, and value creation.
Technical Outlook
Paypal stock ( NASDAQ:PYPL ) is trading above the 200-day Moving Average (MA) with a Relative Strength Index (RSI) of 68.96 which is moderately on the overbought region.
PYPL ( PayPal ) is breaking out of the descending price channelStock : PYPL ( PayPal Inc )
Date : 27 Mar 2024
Trend : Up
preferred Transaction : Buy ( 66.50 $ )
Reasons : The stock has broken out above the resistance level of the upper line of the descending price channel
Technical Analysis success at level : zone ( 87 $ to 91 $ )
Technical Analysis fail at level : 60.40 $
Two new trading ideas and quick update for old onesNIU and GOTU are showing nice trading setups. We can enter NIU right now and wait for GOTU for better entry.
PYPL, XINYI and SBSW are starting to give me the signal that my analysis was right. Glad that I entered at these prices. Let's wait and see and hope price doesn't reverse.
🔥HOT STOCKS: PYPL & ASANA - Like Monday.com but BETTER📉Hi Traders, Investors and Speculators of Charts📈
There are a few stocks on my immediate radar.
1) Asana - NYSE:ASAN
If you're working in a large, dynamic team you're probably using a workflow management tool like Monday.com ... or Asana.
Asana is a fantastic tool, I use it on a daily basis. It's easy to use, user-friendly and it has a wide range of easy-to-understand functionalities. BONUS - it has HUGE upside potential.
2) Paypal - NASDAQ:PYPL
Who doesn't know Paypal. PYPL has come a long way since inception, and it has improved exponentially from a user perspective experience. Paypal remains the nr1 choice for many people buying and selling online, as well as for many business. What does it have in common with Asana? - it has HUGE upside potential.
3) Alibaba - NYSE:BABA
Don't be hasty to buy just yet. Although Alibaba is still one of the biggest online retailers, Shein and Temu is starting to eat away at its market cap. For BABA, there is big upside potential but I am not convinced the price has bottomed just yet. When I spot a reliable bottom pattern, I'll accumulate a position and look for modest TP points.
4) Xiamoi - OTC:XIACF
Remember those cute little home camera's that let you watch your pet/child and even speak to them from anywhere in the world? Don't sleep on this one. AI automation, home security and... cars?
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