SOFI flat to slightly negative YTD LONGSOFIR showed here on the 30 -minue chart has had great volatility in going no where since
the start of the year. Volatility can be harnessed for profit. This is the essence of swing
trading. With an intermediate term anchored VWAP band and line setup, it can be readily
seen that price first was resisted by the second lower band line in purple then broke out
through the band lines to meet resistance at the second upper band line ( again in purple)
and broke down through the band lines to get support at the first lower band and then
reversed and returned to the second upper band where it was rejected and fell into the
support of the second lower band from which it is now bouncing. This is a VWAP band
oscillation pattern which can be traded. I will take a long trade of SOFI here, first
targeting the mean VWAP at 8.05 and then 8.6 below the first band and finally 9.05
below the second upper band. Partial closures at 25%, 50% and 25% respectively.
I see this as a way to exploit SOFI volatity in swing trade profits which can also setup as
short trades.
PYPL
EXFY a fintech penny stock at 5% of the ATH LONGEXFY recently had an earnings beat and has bullish momentum. While on a sixty minute chart it
may appear to be overextended, in the context of an all-time-high of about $50 perhaps it
has as much as 20X upside. EXFY rose from the earnings beat and then retraced and reversed the
retracement. I see it as a long wing trade perhaps until the approach to the next earnings.
The volume and volatility indicators suggest bullish momentum is strong and may continue.
PYPL tries down ward resistance and failsPYPL continues to fail at breaking through its downward trend even selling off roughly after trying.
Breaks through its smaller upward trend
Fails twice to break its long term down ward trend
Sells off dramatically shortly after the failed attempts to break through.
Market overall is starting to go into a decline.
We should expect more selling to continue in a longer term time frame.
Interesting data being formed in long term charts $CSCO $PYPL +Have been looking at a ton of some setups looking for UNDERVALUED & UNDER LOVED #equities.
Have been opening them up to Weekly & Monthly charts.
What has been found is quite INTERESTING.
Here's 4 (only NASDAQ:PYPL shown here - Please see profile for more data)
NASDAQ:CSCO forming a head & shoulder pattern.
NYSE:AAP severely beaten up but improving technical data.
NASDAQ:PYPL money flow is improving. (nibbling here for entry position)
NASDAQ:INTC improved, kind of like CSCO, dropped & rallied. (Spoke on Intel some time ago & has performed well).
$PYPL Short Idea We see the NASDAQ:PYPL has gapped down after earnings and breaking our upward trendline. It is currently retesting that trendline as resistance and if rejected this name can be taken short under $55.
Its also notable to mention that the moving averages have crossed signaling downward momentum.
PYPL PayPal Holdings Options Ahead of EarningsPYPL had some events in the past 2 years that determined its price action.
Went down after its CFO left for Walmart:
Had a technical rebound buy opportunity after reaching the 2017 support:
and determined a lot of users leaving their platform after announcing a $2.5K fine for spreading misinformation:
Now analyzing the options chain and the chart patterns of PYPL PayPal Holdings prior to the earnings report this week,
I would consider purchasing the 60usd strike price Calls with
an expiration date of 2024-6-21,
for a premium of approximately $8.20.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
$PYPL - Target Price $45 with Bearish ChannelThe downward bearish channel is still intact. There are resistances every time the stock price touches the top of the channel creating opportunities to short. Watch for continuation of selling pressure heading into the gap area which will eventually be filled at around $45. Another strong support is at the $42.58 area.
Chainlink and Paxos Forge Alliance to Boost PayPal USD AdoptionChainlink and Paxos have joined forces to bolster the utilization of PayPal USD ( SEED_DONKEYDAN_MARKET_CAP:PYUSD ). This strategic alliance aims to leverage Chainlink's robust infrastructure and Paxos' expertise in stablecoin issuance to propel SEED_DONKEYDAN_MARKET_CAP:PYUSD into the forefront of on-chain transactions. By introducing the SEED_DONKEYDAN_MARKET_CAP:PYUSD Chainlink Price Feed on the Ethereum mainnet, the partners are set to revolutionize the landscape of tokenized real-world assets (RWAs) and pave the way for scalable on-chain finance solutions.
Integration of Chainlink Price Feed:
The integration of Chainlink's Price Feed for SEED_DONKEYDAN_MARKET_CAP:PYUSD heralds a new era of transparency, reliability, and decentralization in accessing market data for the PayPal USD stablecoin. With a focus on delivering highly accurate insights, this alliance empowers users with the necessary tools to engage in online transactions securely. By harnessing data from premium aggregators and deploying secured node operators, Chainlink ensures the integrity of PYUSD data on-chain, thereby laying the groundwork for widespread adoption and liquidity generation.
Advancing Tokenized Real-World Assets:
Beyond facilitating seamless transactions, the collaboration between Chainlink and Paxos underscores a shared commitment to advancing tokenized real-world assets. By providing a trusted framework for integrating SEED_DONKEYDAN_MARKET_CAP:PYUSD into decentralized ecosystems, the partners are poised to unlock new opportunities for billions of users worldwide. Moreover, the utilization of Chainlink Price Feeds not only enhances the credibility of SEED_DONKEYDAN_MARKET_CAP:PYUSD but also strengthens the broader ecosystem of stablecoin-based initiatives.
Navigating Regulatory Challenges:
While the launch of SEED_DONKEYDAN_MARKET_CAP:PYUSD marks a significant milestone in the evolution of stablecoins, it is not without its regulatory challenges. Amid concerns from U.S. lawmakers regarding the absence of a comprehensive crypto regulatory framework, the path to mainstream adoption remains fraught with uncertainties. However, the collaborative efforts of Chainlink and Paxos exemplify a proactive approach towards addressing regulatory concerns and fostering a conducive environment for innovation in the crypto payments landscape.
Driving Interoperability with CCIP:
In tandem with their efforts to promote PYUSD adoption, Chainlink continues to champion interoperability within the crypto ecosystem. Through initiatives such as the Cross-Chain Interoperability Protocol (CCIP), Chainlink has forged strategic partnerships with industry leaders like Circle to facilitate seamless cross-chain transfers. By integrating Circle's Cross-Chain Transfer Protocol (CCTP) into CCIP, Chainlink is bridging the divide between disparate blockchain networks, thereby unlocking new avenues for collaboration and growth.
Conclusion:
The collaboration between Chainlink and Paxos represents a pivotal moment in the evolution of stablecoin adoption and on-chain finance. By harnessing the power of Chainlink's Price Feeds and Paxos' stablecoin expertise, the partners are poised to redefine the future of online transactions and tokenized real-world assets. As regulatory frameworks continue to evolve, initiatives like PYUSD underscore the transformative potential of stablecoins in reshaping the global payments landscape. With Chainlink leading the charge towards interoperability and Paxos driving innovation in stablecoin issuance, the stage is set for a new era of decentralized finance powered by collaboration and technological innovation.
PayPal's Innovation Drive and Strong Earnings Outlook
In a recent surge, PayPal ( NASDAQ:PYPL ) shares experienced a 6% rally during the last trading session, closing at $65.82. This upward movement is credited to significant trading volume, indicating increased investor interest. The company's robust performance is not confined to the stock market alone; it extends to operational strengths and strategic innovations. As the digital payments giant gears up for its upcoming earnings report, all eyes are on the impressive trajectory it has been following.
Riding the Momentum:
PayPal's sustained rally is fueled by the strength of its diverse portfolio. The company is not merely a payment platform but a technological powerhouse, offering a range of services from core peer-to-peer transactions to the increasingly popular buy-now-pay-later services. The company's Checkout experiences and growing customer engagement are pivotal factors contributing to its success.
According to recent data, PayPal is expected to post quarterly earnings of $1.36 per share, reflecting a commendable year-over-year change of +9.7%. Revenues are projected to reach $7.88 billion, marking a 6.7% increase from the previous year's quarter. The positive trends in earnings estimate revisions over the last 30 days indicate a potential for further stock price appreciation, underscoring the optimistic outlook for PayPal ( NASDAQ:PYPL ).
New Leadership, New Initiatives:
PayPal's ( NASDAQ:PYPL ) new Chief Executive, Alex Chriss, has wasted no time in driving innovation within the company. An upcoming online presentation is set to showcase the innovations PayPal plans to introduce in 2024, creating anticipation in the market. Chriss and the new Chief Financial Officer, Jamie Miller, are expected to unveil conservative 2024 guidance during the earnings report on Feb. 7.
A notable aspect of PayPal's evolution is its shift from being a mere online checkout site to a comprehensive mobile shopping and person-to-person payments platform. Under Chriss's leadership, PayPal ( NASDAQ:PYPL ) is set to expand its services in the small- and medium-sized business market with the introduction of "PayPal Complete Payments." The company's strategic move towards a more integrated e-commerce platform reflects a forward-thinking approach to meet the evolving needs of consumers and merchants.
AI-Powered Growth:
RBC Capital analyst Daniel Perlin speculates that PayPal's innovation event will focus on its robust data assets, leveraging artificial intelligence (AI) to enhance authorization rates for merchants. The CEO's mention of the use of AI to address increasing advertising costs for small and medium-sized businesses suggests a comprehensive solution that integrates PayPal's two-sided ecosystem into a cohesive e-commerce platform.
Conclusion:
As PayPal ( NASDAQ:PYPL ) continues to assert its dominance in the digital payments landscape, the convergence of technological innovation, strategic leadership, and positive earnings outlook positions the company for sustained growth. Investors and industry enthusiasts alike will be closely monitoring the upcoming earnings report and innovation event for further insights into PayPal's trajectory in 2024 and beyond.
PAYPAL NEEDS TO STAY ABOVE WATER NOW (200 Day MA)PAYPAL - NASDAQ:PYPL
✅PUSHING ABOVE THE 200 DAY
Price failed here and rolled over in Feb and Aug 2023 but this has a very different feel to it. Hoping we break well above it and then bounce off the 200 for confirmation.
Lets see can we keep out head above water
PUKA
PYPL - 1D - Crucial momentHi guys,
Let's have another look at Paypal on the daily TF.
This is linked to my previous idea on the weekly TF supposing the downtrend was coming to an end.
If we focus on the daily, we can notice a typical inverse h&s pattern coming to a conclusion.
Three potential scenarios :
- We break the neckline with a good conviction and volumes => First target at around 74$
- We consolidate a bit more under the neckline then break it => same target
- The price fail breaking the neckline and go back inside the falling wedge => next target is 45$
We are in a crucial zone. Can't wait to see how will the price develop.
Like if you share :)
NFA
PayPal's Resilience, Innovation, and Strategic Leadership
PayPal Holdings, Inc. (NASDAQ: NASDAQ:PYPL ) has emerged as a stalwart with a resilient foundation, solid brand recognition, and a user base that signifies unwavering loyalty. Despite facing challenges in the past year, PayPal remains a preferred payment method for over 70% of the adult American population, positioning the company for strategic growth in the U.S. payment ecosystem.
Challenges and Optimism:
Undoubtedly, PayPal witnessed a 17% decline in stock value over the past year, reflecting the volatility and uncertainties prevalent in the market. However, the company draws optimism from potential economic improvements, leveraging the loose monetary policy that benefited them in 2020. As consumer spending rebounds, PayPal is poised to capitalize on its dual role, serving both consumers and merchants.
Financial Strength and Strategic Initiatives:
In his inaugural earnings call as PayPal's CEO, Alex Chriss outlined the company's initiatives for achieving online and in-person ubiquity, emphasizing the use of data, scale, and brand with the integration of artificial intelligence. Third-quarter highlights showcase double-digit year-over-year growth in transactions per active account and a substantial 13% year-over-year growth in total payments volume to $388 billion.
Noteworthy is the 25% of total payment volumes derived from peer-to-peer transactions, underscoring the importance of seamless and user-friendly payment solutions. Venmo, a subsidiary of PayPal, reported a 7% rise in total payments volume to $58 billion, further solidifying PayPal's presence in the digital payments landscape.
Global Leadership Strengthened:
A pivotal moment in PayPal's journey occurred on December 6 when Suzan Kereere was appointed as the President of Global Markets, effective January 1, 2024. With an illustrious 30-year career, including leadership roles at Fiserv, Visa, and American Express, Kereere brings a wealth of experience in global merchant sales and acquisition. As the new President, she is tasked with overseeing PayPal's worldwide businesses, emphasizing seamless execution and profitable growth.
The appointment of Kereere reflects PayPal's commitment to global expansion and strategic leadership. Alex Chriss, PayPal's President and CEO, commended her success in driving transformation, sales, and customer initiatives, underlining her ability to foster inclusivity and growth.
Conclusion:
Investors in PayPal ( NASDAQ:PYPL ) have much to anticipate as the company navigates through operational challenges with a focus on innovation, financial strength, and global leadership. The robust financials, strategic initiatives, and the appointment of Suzan Kereere signal a resilient future for PayPal as it continues to evolve in the ever-changing landscape of digital payments. As the company capitalizes on its strong brand recognition and user loyalty, the horizon looks promising for those who choose to invest in the journey of PayPal.
PayPal to $76PayPal is signaling bullish reversal at a great value. After a two-year long hemorrhage in stock value, multiple indicators and patterns forecast a recovery. A descending wedge can be found on the 1D chart and as we are nearing the final squeeze of the wedge, an inverse head and shoulders has formed.
Utilizing Fibonacci retracement levels supported by bullish trading patterns and indicators (OBV & MFI), the ascent to $76 appears both realistic and only the beginning of a long awaited rally. Should my projections prove accurate, I believe there will be one more opportunity to profit from put options as the right shoulder peaks around the $57-$59 range.
NASDAQ:PYPL
Paypal Weekly ChartGrowth Story: with algorithms
Global Reach: Over 426 million active accounts across 200 markets, spanning diverse regions and demographics.
Platform Expansion: Beyond its core peer-to-peer payments, PayPal offers branded checkout solutions, merchant services, and even credit products, broadening its appeal.
Mobile Focus: Investing heavily in mobile payments technologies like Venmo and Braintree, capturing the shift towards mobile transactions.
Fundamentals:
Revenue Growth: Solid track record, exceeding 7% y-o-y growth, despite a slight dip in 2023.
Profitability: While not yet consistently profitable, margins are improving.
Valuation: Trading at a moderate valuation compared to past highs, potentially offering value.
PayPal - Unleashing Potentials 💥PayPal takes center stage, but caution is advised. A potential Wave C or II with a correction below 78.6% Fibonacci is evident. While the recent surge resembles a Wave (i), the triple top might indicate an imminent downtrend.
If $50 marks the bottom, consider a generous stop-loss at $49.80. Wave 3 could target the $76 level.
The future? Uncertain! Yet, a short-term upswing might be on the horizon. Keep your eyes open, stay flexible, and enjoy the ride! 🎢📈✨
Is the PayPal bottom finally in? My bet is yes.After an excruciating 82%+ drawdown from all-time highs made 2 years ago, PayPal is finally showing some signs of bottoming action following the company's recent earnings report.
The new CEO Alex Chriss has got all of the right talking points and focused on the right areas of the business. The true growth areas of the company are still in question, but from a value stand-point the stock trades at some of the cheapest levels in the company's history.
From a technical perspective, the stock is holding the recent earnings gap up and is starting to form higher highs and higher lows on the daily. A breakout up and over this $59 area should bring a fresh wave of momentum buyers as the stock attempts to reverse its longer-term downtrend.
I recently acquired a long position for my longer-term investments portfolio and am looking for higher prices over the next several quarters and full year. (disclosure: long)
PYPL - time to buy?We can clearly see that PYPL found a support at 50.32$ (green line)
Honestly, if looking on W chart, of course 1st what we can notice that the index is super oversold. But, what pays my attention is that High probably that it will be really a good price zone to buy. It reminds me somehow about Meta when it dropped till 86 - 89$ and then you can see now its around 300$
Just keep in mind, as long as the index stands above Green Zone that I highlighted on the chart, the chances for a good bounce will increase.
PYPL is a good company with good perspectives.
But let me continue with Technical part.
Important to see a breakout above that fray resistance line and see that the price is moving towards to its 1st strong resistance line at 66.34$, where is 4 W FVG level.
Personally think that it will manage to break through that price. And after that will bounce until 92.07$ price level where we can expect some correction. (n.1)
For the continuation of the uptrend of course we should see the D or W close at around 92-95$, only after that the price can be pushed higher. (N.2)
Also I have higher resistance zones where I will recommend to pay extra attention. And its 182 - 190$ price zone.