PYPL - Bullish to $66ishPaypal has bounced and I'm bullish up to $66ish, which coincidentally, is the .618 fib on the move down AND the 200 SMA Daily. That will also complete the inverted H & S on the daily pattern.
PYPL trade ideas
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)
PayPal entry loading...PayPal is a company that has experienced an over-reactive sell-off in its stock price. We are expecting a good earnings report for Q4 that will be attributed to the festive season. If technicals will push the stock to $40, we will be waiting. If not, PayPal will head to $80 and break out higher in 2024 as the market anticipates a rate cut.
$PYPL - Can it breakout?NASDAQ:PYPL PayPal is currently trading against the 50 DMA resistance. Once it gets past the 50 DMA, it could see further upside and touch the upper trendline of the descending wedge.
Upside targets:
$59.60
$64.65
$69
$72
Downside risk:
$51
PYPLThe current price of PayPal has reached levels seen in 2017, but back then, the revenue was around $11 billion with a net profit margin of 12%, while now it's nearly $29 billion with a profit margin of 14%.
PayPal's shares have significantly underperformed the broader market this year, despite a promising recent report.
The company holds a high revenue growth forecast of 24% for the next two years, and it's currently trading at a Price to Free Cash Flow ratio of 18.
A risky counter-trend trade based on the end-diagonal trading strategy.
PYPL - time to buy?We can clearly see that PYPL found a support at 50.32$ (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.
Potential Bearish Flag in PayPalPayPal has skidded lower for more than two years. Now, after a rebound, bears may return to the payments stock.
The first pattern on today’s chart is the series of higher lows since late October. PYPL closed below that line yesterday -- a potential bear-flag breakdown.
Second, the recent peak occurred at the 50-day simple moving average. That may suggest the intermediate-term direction continues to the downside.
Third, stochastics are dipping from an overbought condition.
Finally, a series of lower weekly highs since September may confirm it remains in a longer-term downtrend.
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
Important Information
TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means.
This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates.
Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
64 and then 74?Looks like time has come to buy this stock. As long as it remains above that bottom trend line and stays above 52, it could very well hit 64 where it will meet its first resistance. If it stays around 64 and crosses it, next stop would be at 74.
Probable a V shape restart on Paypal The analysis issued on NASDAQ:PYPL more than a week ago has been confirmed by the market that, with the break up of 56.72 dollars, allows the wave t+1/t+2i to continue extend the raise.
From the 24th of November, investors and traders need to be aware of a potential new begin of a T+3i wave. If confirm, we expect an harsh retracement.
As Plan B, if price will continue to extend gain, the T+3i in focus will be positioned on Wednesday 11 October, therefore the raise of the price can continue till at most February 2024.
We can not yet exclude a W shape restart, as far as the price will not reach and cross 59.64 dollars
Is PayPal (PYPL) Poised for a Comeback? - A Comprehensive Analys
PayPal Holdings, Inc. (PYPL) has been experiencing increased investor interest and has returned +3.7% over the past month, outperforming the Zacks S&P 500 composite's +3.3% change. Let's delve deeper into the fundamental and technical factors that could shape PayPal's performance in the near term.
Earnings Estimate Revisions: Analysts are projecting PayPal to post earnings of $1.37 per share for the current quarter, representing a year-over-year change of +10.5%. Over the last 30 days, the Zacks Consensus Estimate has changed -1.9%, showing a potential impact on the stock. For the current fiscal year, the consensus earnings estimate of $4.97 points to a change of +20.3% from the prior year. Over the last 30 days, this estimate has changed +0.8%, indicating continued positive momentum.
Revenue Growth Forecast: The consensus sales estimate for the current quarter of $7.88 billion indicates a year-over-year change of +6.8%. For the current and next fiscal years, $29.61 billion and $32.04 billion estimates indicate +7.6% and +8.2% changes, respectively. This positive revenue outlook aligns with the potential for sustained earnings growth.
Last Reported Results and Surprise History: In the last reported quarter, PayPal reported revenues of $7.42 billion, representing a year-over-year change of +8.4%. EPS of $1.30 for the same period compares favorably with $1.08 a year ago. With a history of surpassing consensus EPS estimates three times in the last four quarters, PayPal has shown consistent strong performance.
Valuation: PayPal is currently graded B on the Zacks Value Style Score, suggesting that it is trading at a discount to its peers. Consideration of valuation multiples such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF) supports the notion that PayPal may be currently undervalued relative to its industry peers.
Bottom Line: With a Zacks Rank #3 (Hold) and positive indicators across earnings estimates, revenue growth, surprise history, and valuation, PayPal presents a compelling case for potential upside. While monitoring ongoing developments is essential, the current analysis indicates that PayPal may be poised for a favorable price comeback.
For the most up-to-date recommendations, further details, and in-depth insights, consider accessing the original article on Zacks.com at the provided link.
Click here to see the values of some of the valuation metrics that have driven this grade.
Disclaimer: This message does not represent financial advice. Please conduct thorough research and, if necessary, consult with a financial advisor before making any investment decisions.
PayPal CallBuy Dec-01-23 56 Calls @ 0.85 Limit to Open
Long PayPal. Bouncing off a major support on larger timeframes, with a strong gap up, suggesting continual upwards movement.
PYPL LongNothing to say about pypl. I maintain a "Strong Buy". With conservative projections, It appears significantly undervalued, presenting a potential upside of over 100%. (For my future reference only, not financial advice)
V or W restart on paypal? watch out next week!This analysis is meant to make investors and traders aware that from Monday or Tuesday onwards there could be a significant retracement of the price.
There is still time to go up (best case scenario), but the monthly time frame is starting to run out.
From Monday/Tuesday onwards there will be 7 days to keep going up (16%) versus 37 days to go down (84%).
The strength of the retracement will have to be monitored over time.
Although it is the least likely possibility, we can not exclude a return of the price around 50 dollars, it is too early to consider terminated the multi year downtrend.
PAYPAL: SIGNIFICANT BULLISH DIVERGENCE FORMINGWhile the overall stock market has had one of its best years in a very long time, we can unfortunately see that Paypal has gotten no action in 2023 as this selloff has been ruthless for the stock
However, taking a look at the monthly chart, we can see the RSI on our Traders dynamic index reached a bottom on June 2022, & has been slowly advancing upwards since then, while price has moved lower
This means that BULLISH DIVERGENCE has been forming for the past 17 months & at some point, the stock under this pressure cooker has to rally substantially at some point
Currently paper trading some long calls exp. June 2024, might wait for price to go a little lower before entering positions...
There is a slight chance that Paypal's rally could be similar to Meta's, looking more like a U shape recovery rather than a V shaped recovery...
PAYPAL: $61.69 | For Takeover Spinoff Repackaging Qi earnings revenue are ok and positive
Adoption to Crypto seems to be working fine
Short Interest decreasing .. less short
yet
YET price or sentiment is negative
must be migration of float to new banker
for 2024 2025 run up cycle
reminds me of TESLA and recent PALANTIR
depression for CONTROL
as ebay the owner seems to be doin just fine
PYPL rejected at supply zonePYPL was immediately rejected on the local supply zone. This is likely a consolidation zone for another attempt at a breakout. I am long here but the chart reads neutral.
PYPL taking multiple resistancesPYPL is looking like a better call setup the more I stare at the chart. The stock has taken two important support zones, RSI is strong and its climbing to a local supply. Id take a 65$ price target on a call setup if I were to enter, I am thinking about it this am.
Paypal - Bullish and Bearish Scenario3 Panel Chart
Top Right Chart:
-Daily chart using bollinger bands. Both bands are open, and price has been dragging along the bottom band. Price has pierced the bottom band several times, which doesn't happen very often. Sometimes when price stabs through a band, that could be a signal the strength of the move has peaked and is now slowing down. A clue to know for sure is to look at how both bands appear. If both bands are vertical, then the move is powerful. In this case, the upper band appears to be flattening, meaning the move is weakening.
-Also Friday's candle printed a bearish engulfing candle. This can be a bearish signal for the short term.
Left Chart:
-This weekly chart concerns me. First, a death cross occurred on July of 2022, and the 50 ma (green line) has been acting as resistance and pushing price down.
-Also price has been bouncing around in a descending parallel channel. Last week price broke and closed below this channel (yellow arrow) and this is what concerns me the most.
-In 2022 price fell below this channel (yellow oval) and had trouble getting back into the channel. It took 91 days for a confirmation candle to get back in .
-Usually when price breaks below a channel, that line now becomes resistance. If Paypal fails to get itself back into this channel, we could see price drop significantly while it tries to battle its way back inside.
Right Bottom Chart:
-This is the 2 month chart. I like this chart because it's a big picture chart, and is more accurate than the lower time frames.
-With the bollinger bands pulling price down on the daily, and price breaking below the descending channel on the weekly, Paypal could fall between the $47-$40 level.(Orange Parallel Lines)
-Here's the warning: If Paypal falls below the $40 level, we need to monitor this carefully because you don't want a 2 month candle to close below $30. (Purple line) Thirty dollars is Paypal's all time low, and closing below this could be a death spiral, because there's no support below this.
This hasn't occurred yet, nor are we close to it, so no need to panic over it. It's just something you should be mindful about.
-On a bullish note, $47 is Paypal's support level. Currently price is at $50. If price can bounce up from here, the weekly candle could possibly get itself back into the descending channel in the left chart. And potentially start heading to the upper line of the descending parallel channel.
The key to watch is the weekly chart on the left:
-If price fails to get back into the channel, then the bottom line will act as resistance, and push price lower.
-If price is able to get back into the channel, then watch the stochastic rsi. (Orange circle)
If the stoch starts to point upwards with a cross, then price could be heading up towards the upper line of the descending channel.
-Never have your mind set on price going up or down.
There's always a bullish and bearish scenario. And be ready to adjust when things change.
The only guarantee is that there are no guarantees.
PYPL approaching prior support and supplyPYPL got clobbered this year finding a low of a ~ 9 Gap PE ratio which is pretty undervalued. The stock recently took a medium term resistance and approaches my golden support from a while ago. I drew a local supply that needs to be dipped into as well. The 50 SMA collides perfectly into this supply zone. I am looking to potentially long this stock with a 60 day out call setup.
Paypal - Heading for a new bull phase?Paypal's stock price seems to be forming a nice bullish chartist pattern, a falling wedge, which has been going on since the beginning of the year. If resistance is broken, NASDAQ:PYPL could return to a nice uptrend, after numerous DCA buy points have been given by our " Magic Bands (PMB) " indicator.
$PYPL - Bounced from the lower trendline.NASDAQ:PYPL Bounced from the lower trend line. As I mentioned, in Oct 26 post, for this bounce to turn into a sustainable reversal it needs to get above $62. Better yet $65.
$62 to $65 range represents the POC resistance zone.
Upside targets:
$60
$64
$75
$81
Downside risk:
$51
Paypal Long Position - New CEO + CFOMonday, January 22, 2024: $85
Monday, April 29, 2024: $130
The payment industry is undergoing significant change, and PayPal, a leading player, has faced challenges. The recent appointments of CEO Alex Chriss and CFO Jamie are pivotal in PayPal's journey. This thesis explores their strategies to revitalize the company in the dynamic payment ecosystem.
Leadership at PayPal:
Alex Chriss, the new CEO, brings a wealth of experience from his role at Intuit. His priorities include stabilizing PayPal's stock and enhancing its approach to small and mid-sized businesses. Jamie, the CFO, enters with a strong financial track record, expected to drive growth and operational efficiency.
Market Dynamics:
PayPal confronts competition from Apple and emerging payment forms, such as Venmo and cryptocurrencies. Consumers are increasingly adopting multiple payment methods, reflecting a dynamic landscape.
Strategies for Growth and Adaptation:
PayPal's strategies include addressing its stock decline, refining its services for small and mid-sized businesses, and embracing new payment methods like Venmo and cryptocurrencies to expand its market presence.
Conclusion:
The research offers insights into PayPal's response to changing industry dynamics. It highlights the potential for growth and transformation under the leadership of Alex Chriss and Jamie, positioning PayPal as a relevant and competitive player in the evolving payment landscape.
Paypal could flash a 10% earnings yield this yearPaypal is expected to earn 4.95 eps this year 2023 and yet the stock is lagging the sp500. If risk avoidance returns in the sp500, it is possible that paypal underperforms further if the paypal downtrend continues.
However, wouldnt that be a value buying opportunity? if paypal reaches the 50 level and paypal continues to grow its earnings power (as analysts expect), the earnings yield on paypal would be around 10% earnings yield.
Value investors would be happy to consider a stock earnings 10% which at the moment is almost twice the treasury rates and twice the AAA corporate bond yields.
Growth investors might also find paypal meeting PEG ratio buy parameters, since analysts expect 15-18% growth annually.
If paypal weakens further, a 50 handle would be tempting. Analysts still show a 21 $ eps for for 2032 which could warrant a valuation for future 2032 between 400-600 per share in good times, 9-10 years from now.
