PYPLBearish pattern could be completed, heading for another drop.
almost perfect setup with low risk.
trade with care use a stop loss
2PP trade ideas
Do not miss out on PYPL long to 70+PYPL on the way to cover short around 75 level. Excited to see this stock do well after bring shorted for so long.
PYPL looks ready to leave the stationThere was 83% drop from ATH on PYPL, which lasts for more than 2 years without any significant corrections.
Since the potential bottom has been formed, we are accumulating 280 days already.
Currently, the price is sitting on the verge of the channel breakout.
Potential targets are mentioned on chart.
Will change my mind in case if the support will be lost, and the price will fix under it.
DYOR
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.
$PYPL - Watching for a reloadNASDAQ:PYPL Closed most of my positions for a profit, during yesterday's run-up to the resistance area. It often pays to take profits near major resistance levels coz you never know how bad the rejections will be. I'll reload if it drops near or below $60 again.
$PYPL Bounce and BungeeTo be honest I am not as bullish biased as this project suggests with the succession of higher rectangles ending with the top bigger one, as I find this scenario if not unlikely at least less probable, but I still find the overall potential for this matrix a little intriguing especially if this longer rectangle in this starting position provides some decent follow up candles with a potential rebound at any of the next higher rectangles. If not, this could end up being a complete dud unless the price breaks the blue curve and retests it in coincidence fashion.
Worst case scenario the price ignores all the rectangles as proposed potential support/resistance zones in their specific time zone, and just goes for the top rectangle eventually.
Best boring scenario - absolutely nothing happens in regards to coincidences and synchronicities between the price action and the elements in the project and we can render this whole thing pure random gibberish splattered across the screen by a baby Buddhist monk having fun.
No trading advice but I actually closed my short and reversed the position in this spot. Spoiler alert: I am not a millionaire. Second spoiler alert: I don't own a hedge fund. Third spoiler alert: no hedge fund wants to hire me. (I never applied anyway). 4th spoiler alert: I love black holes and the math behind them and the math blueprint of the Universe.
Paypal ($PYPL) - close to done correcting?There are multiple ways to count the move up, I have two different possibilities on the chart. Either way, I think at this points it's enough to assume that was an impulse. On the correction side I propose a Zigzag, with the C wave as a contracting diagonale, that is missing the C-wave of the wave 5.
The volume profile shows very little volume between 55 and 58, so anything more than a tiny dip in that zone might very well lead to 55 and below.
Whether there will be a noteworthy retracement before the possibly last move down or not, we will have to see. It might just continue going down to finish. I'd be looking at 53-55 for a bottom, though the count will stay valid until around 47.
PAYPAL - Increased Probability of AppreciationPYPL has FiboClouds support, suggesting an increase in value within the 60' to Daily timeframe, sufficient to reach the first target and attempt the second, provided the loss is properly repositioned at the time of the first partial realization. The progression of the candles and the GAP that occurred in their progression present a significant challenge for stop loss placement. However, without expecting an early closure of the GAP (for no reason), we decided to place it at the base of the first candle following the GAP, which seems sufficient to protect the trade.
If this projection is confirmed and a partial realization occurs at the first target, the stop loss should be moved from its initial position to the same line where the position was opened.
This way, the journey toward the final target will proceed with reduced risk of losses and preservation of partial gains achieved so far.
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Three equally likely possibilitiesThree equally likely possibilities depending upon future earning growths or declines only time will tell.
PYPL. great earnings. now to rally?PEG - PYPL Trade Idea
Setup: PEG Continuation
Key Criteria:
- Market cap: $10 billion+
- High Relative Volume on Close (2Rvol+)
- Ideally, the price has hit a key daily/weekly support or resistance zone and has not gapped into a range (mid of a range).
- Stock is "in play" or on the verge of forming a new trend.
Trade Details:
- Position: Long
- Entry: $64.27
- Stop: $62.43
- Risk: 0.75% of account equity
- Order Type: Sell Stop Limit Order
- Risk per share: $1.84
Targets:
- $68.00 (2R) – This is the closest large level.
- $70.66 (3.5R) – This level is the pivot high of the breakout.
Exit Techniques:
- Scale 33% of original position size at 2R.
- Scale 33% of original position size at 3.5R.
- Exit the remaining 34% of original position size using the new 3-day low after new high method (ask if unsure).
Reasoning:
- PayPal (PYPL) is potentially at a pivotal breakout point from the trading range it has been in since mid-April 2023. The top of this range is around $70, with a bottom between $50 and $55. Currently, PYPL is pushing above a weekly bearish Fair Value Gap (FVG) and a significant volume point of control, which might indicate the start of a breakout.
- This setup is compelling due to PayPal’s recent earnings report, which shows a turnaround from -$350 million in free cash flow (FCF) to $1.4 billion, along with increased revenue, operating income, and payout volume—all while maintaining a static account base. This positive shift in fundamentals may not be fully reflected in the current price, providing an opportunity for the stock to gain momentum and move towards the $70 level.
Stop Loss:
- The stop loss will be updated after the first profit target (2R) is hit and shares are scaled out.
Additional Notes:
- Set orders to automatically scale out shares. If the take profit (TP) is hit and you are still holding the full position size, please manage your own risk accordingly.
- Any questions, please feel free to ask. I am here to support and help you understand how to be a consistent trader.
Position Sizing:
- I will be buying 203 shares, costing me $13,077.52.
- Risk on this trade is $374.40, aligning with 0.75% of equity (accounting for losses on all current trades).
stock breaking downtrend line, and ready for continuing higherIt is a nice point to think in buying this stock for swing trade, the bullbears _histogram showing that it is time for bulls to dominate the game
Neutral - watching gradual downtrend/50-week EMANot buying today despite the discount because a gradual downtrend has formed. As long as that pattern holds, it will continue to make lower highs and lower lows over time (doesn't sound fun). That said, if it can eventually break out of the downtrend (which is currently running next to the 50-week EMA), I would consider starting a position (even though it would be at a higher entry). Anyway, I'll keep an eye on for a weekly and/or monthly close decisively (with volume) above that level.
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.
$PYPL - ER tomorrow. Can it launch? NASDAQ:PYPL PayPal is scheduled to report tomorrow. The street has low expectations.
I believe it has the potential to launch to the $64 to $67 area after the earnings report. 🙏🚀
$PYPL - Damn! NASDAQ:PYPL Damn! Is this a broken stock or a broken business? Since Apple's WWDC Apple Pay announcement, the stock hasn't been able to catch a break from selling pressure, and it is getting worse.
After 3 years of selling, you would think the sellers would be gone.
$PYPL - It is dueNASDAQ:PYPL I think it is due, wouldn't you say? Watch $62 for a cup and handle confirmation. 👀
PainPal Trade the range until it breaks. We appear to be bouncing endlessly between $50-70. A nice retrace to the golden pocket, a good reaction and hence trade activated. Tight stop loss just in case the trade fails.
This is not financial advice, if you don’t like the idea then find something better to do with your life instead of trolling the comments
The bottom may now have been reached for this hard-tested stock.Technical Analysis of PayPal Holdings Inc. (ticker on Nasdaq: PYPL)
PayPal Holdings Inc. (PYPL) has shown a very weak development in recent years, but now several positive technical signals have been triggered for this hard-tested stock.
The share has broken out of a large falling wedge formation (cf. chart), and with that triggered positive technical signals for the further development going forward in the short and medium term.
Furthermore, the 50-day moving average has broken above the 200-day moving average, the so-called 'Golden Cross signal', which indicates that both the short-term and medium-term trend for the stock has now turned from negative to positive.
The share is also in the process of breaking above both the 200-day and 50-day moving averages, thereby providing further positive technical signals for further development going forward.
A large inverse head and shoulders formation has also been established for the stock, and where a break above a now important technical resistance level around USD 68.00 will trigger a strong technical buy signal for PayPal stock.
Then a further rise to around USD 120.00 will be signaled for the share in 3-6 months' time.
The PayPal share is currently around USD 61.80, and the share thus has the potential to double in the next 3-6 months.
What could possibly change the now positive technical picture for the PayPal share would be if it were to break below a now important technical support level for the share around USD 56.00.
With a share price today around USD 62.00, and with a stop-loss if it breaks below USD 56.00, and with a potential for the share in the 3-6 month term up to USD 120.00.
So the stock looks here today like a very interesting investment at today's price level, and with a very good risk-reward ratio.
Double SupportThe lows of 21st/22nd February and 5th till 87th March are the boarders of a support zone now.
The 14th November has built a still open window. I think that the present level is supported enough to wage a purchase.
Today's candle may well become a hammer.
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.
$PYPL Small Cap RallyJuly 1 2024 was the absolute best entry for NASDAQ:PYPL for Leaps.
NASDAQ:PYPL the next best entry is a pull back to $59.21, then $58.5. it didn't NASDAQ:PYPL react well from the June 12 CPI/PPI data... but a weak jump this past week. However, a H&S pattern is still in effect, if you believe in such things, but the measure move down on this active HnS patter is all the way down to 51 bucks... but this news may have invalidated it.. Time will tell. Hindsight for President
