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PayPal Holdings (Extended Hours)

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PYPL trade ideas

ayPal (PYPL): New Features and Market ImpactPayPal ( NASDAQ:PYPL ) is currently up 44% from our initial entry, demonstrating strong performance within a developing trend channel. While not entirely symmetrical, the addition of a smaller trend channel on the upper side showcases nearly perfect alignment, highlighting this stock’s potential for growth. Last Thursday, PayPal announced a new feature allowing customers to collect money from friends and family for shared expenses, available in the US, Germany, Italy, and Spain. While innovative, this announcement led to a 4% dip in PayPal’s stock, likely due to profit-taking by investors. From a technical standpoint, we expect a three-wave correction to finalize wave (iv). Currently, the key support zone lies at the 38.2% Fibonacci retracement level near $76, which aligns with the last level before a low-volume node. If this support fails, the 50% Fibonacci level becomes the next likely target. However, NASDAQ:PYPL should avoid prolonged trading below wave (i)’s range of $70 to maintain its bullish structure.
NASDAQ:PYPLLong
by freeguy_by_wmc
PayPal (PYPL): New Features and Market ImpactPayPal NASDAQ:PYPL is currently up 44% from our initial entry, demonstrating strong performance within a developing trend channel. While not entirely symmetrical, the addition of a smaller trend channel on the upper side showcases nearly perfect alignment, highlighting this stock’s potential for growth. Last Thursday, PayPal announced a new feature allowing customers to collect money from friends and family for shared expenses, available in the US, Germany, Italy, and Spain. While innovative, this announcement led to a 4% dip in PayPal’s stock, likely due to profit-taking by investors. From a technical standpoint, we expect a three-wave correction to finalize wave (iv). Currently, the key support zone lies at the 38.2% Fibonacci retracement level near $76, which aligns with the last level before a low-volume node. If this support fails, the 50% Fibonacci level becomes the next likely target. However, NASDAQ:PYPL should avoid prolonged trading below wave (i)’s range of $70 to maintain its bullish structure.
NASDAQ:PYPLLong
by freeguy_by_wmc
PayPal: No Hidden FeesPayPal continues to solidify its position as a global leader in digital payments, with a growing influence in e-commerce, financial technology, and consumer finance. PayPal's legacy of innovation, coupled with its strategic expansion into emerging markets and technologies, makes it a compelling investment for those looking to capitalize on the next wave of financial technology advancements. NASDAQ:PYPL Financial Performance: Revenue Growth: PayPal reported a 7% year-over-year increase in revenue for Q2 2024, largely driven by the success of its merchant services and consumer financial products, which together saw a robust 10% growth. This highlights PayPal's ability to adapt to changing market demands and expand its revenue streams. Earnings Beat: The company exceeded analyst expectations with an EPS of $1.45, outperforming the consensus estimate of $1.32. This marks PayPal's fifth consecutive quarter of earnings beats, showcasing its operational efficiency and strong market positioning. Cash Flow: PayPal's free cash flow improved to $6.8 billion for the first half of 2024, a 9% increase compared to the same period last year. This strong cash flow provides PayPal with the liquidity needed for continued innovation, strategic acquisitions, and potential shareholder returns. Fintech Leadership: Buy Now, Pay Later (BNPL) Expansion: In 2024, PayPal's BNPL offerings experienced a 20% increase in active users. This significant growth underscores the platform's appeal to both consumers and merchants seeking flexible payment solutions, particularly in a rising interest rate environment where credit accessibility is tightening. Cryptocurrency Integration: PayPal's cryptocurrency trading and payment services gained momentum in 2024, with a 15% increase in cryptocurrency transactions on its platform. As digital currencies become more mainstream, PayPal's early adoption positions it as a key player in this evolving market. Strategic Acquisitions: The acquisition of Paidy, a Japan-based BNPL firm, in late 2023 has already started to deliver positive results in 2024. This move enhances PayPal's presence in Asia, a region with immense growth potential, making PayPal a more formidable competitor in the global digital payments space. Partnerships: The expansion of PayPal's partnership with Shopify in 2024 is proving to be a win-win, delivering joint e-commerce and payment solutions that cater to global merchants. This collaboration further strengthens PayPal's role as a leading technology enabler in the e-commerce ecosystem. Technical Analysis: Stock Performance: As of August 23, 2024, PayPal's stock is trading at $70 per share, reflecting an 40% year-to-date increase. Despite this strong performance, the stock is still trading at a forward P/E ratio of 35x. This suggests that PayPal's stock may be undervalued relative to its peers, presenting a potential buying opportunity for investors. Price Target: Analysts remain bullish on PayPal's growth prospects, with a consensus price target of $220, representing a significant upside over the next 24 months. This optimistic outlook is supported by the continued expansion of PayPal's high-margin digital payment and fintech businesses, as well as its strategic moves in the BNPL and cryptocurrency spaces. Fundamental Perspective: While PayPal does not currently offer a dividend, its strong balance sheet, robust cash flow, and impressive growth potential make it an attractive investment for those looking to gain exposure to the rapidly evolving financial technology sector. The company's ability to consistently beat earnings expectations, coupled with its strategic focus on innovation and market expansion, underscores its potential to deliver long-term value to shareholders. Upcoming Earnings Dates: Q3 2024 Earnings: October 26, 2024 (preliminary) Q4 2024 Earnings: January 30, 2025 (measurable) PayPal's continued innovation and strategic growth make it a standout choice for investors looking to ride the wave of financial technology advancements. This revision emphasizes both the technical and fundamental aspects of PayPal's current position, highlighting why it remains a strong buy as of August 23, 2024. $71.80 NASDAQ:PYPL
NASDAQ:PYPLLong
by lognomics
PYPL eyes on $86.63: Golden Genesis barrier going into earningsFollow up to my previous plot to catch dip (click). Earning report due within the day of posting here. 2 golden fibs being tested, pair could top the wave. Recent break out fib is key support to try and hold. $ 84.51 is a local golden that wanted to end wave. $ 86.63 is a Golden Genesis fib, very likely to react. $ 78.41/42 is the first good support below if it dips. Previous Plot for dip entry: ================================================================== .
NASDAQ:PYPL
by EuroMotif
PYPL, one last call to seed on the bargain price now!PYPL net buying has been continuously active this past few days. Position takers are back after the stock touch a major order block support at 60 levels -- and touching 1.0 FIB levels. Initial target is at 75.0. The current price is already at a very discounted levels factoring in last quarter's (June 2023) rosy earnings report with revenues up by 7% at $7B, and a whopping 400% surge on its net income at $1B. Recent News: New Hopes for the company has surfaced as news of PayPal's new CEO could get investors excited as his background fits nicely into PayPal's best business segment. Seeding on this one is a no-brainer. PYPL, will definitely be your PAY pal. Spotted at 61.0 TAYOR. Safeguard fund always.
NASDAQ:PYPLLong
by JSAL
7
PayPal (PYPL): Elliott Wave update - final target in sightSince our entry in PayPal, the stock has performed exceptionally well, respecting the Elliott wave structure and currently providing us with a return of over 35%. This price action demonstrates how effectively PayPal follows the Elliott wave count, reinforcing our bullish outlook. We have now set our stop loss at break even, allowing us to safeguard our gains while continuing to benefit from potential upward movement. During the recent wave (4), we chose not to enter, but it's important to note that the price respected the 38.2% Fibonacci retracement level precisely, indicating a strong likelihood that similar levels will be respected in future corrections. PayPal is currently advancing through wave (5), and we anticipate this wave to conclude soon. Our target for the larger wave (iii) stands at $81, with wave (5) potentially reaching up to $84. However, there is a possibility that wave (5) may conclude before reaching the wave (iii) target. Therefore, we will closely monitor the situation, keeping our alerts ready to react as needed. Once PayPal moves into the $81 target area, we will look to secure additional profits. Should the price action align with our projections, we will consider re-entering at wave (iv) for further opportunities. Until then, we let our position continue running.
NASDAQ:PYPLLong
by freeguy_by_wmc
PayPal (PYPL): Ready for a pullback after hitting wave (iii)Plan the trade and trade the plan. That’s exactly what we’ve done with PayPal. In our last update a month ago, we stated: “We are going to take more profits once we are getting into the $81 area,” and now, we’ve done just that as NASDAQ:PYPL has reached the minimum target for Wave (iii) at $81. With the position now up 37%, we see more upside potential, but a pullback here could offer a prime second entry spot. Several factors are aligning in the chart, reinforcing our conviction for a good re-entry. First, we are seeing a bearish RSI divergence, suggesting a more significant drop than the minor one we've already seen. Ideally, we’d like to see the price dip below the last level before the low-volume node at $76. A low-volume node represents an area of little trading activity, which means the price tends to move quickly through these zones in the future. As for the entry, two key levels stand out to us. The high of the recent accumulation phase before the last leg up and the low of the same range, which aligns with the level of Wave (i). In theory, this level should not be breached. While we don’t strictly adhere to Elliott Wave theory, we prefer not to see the stock close below this level for an extended period. A wick below or consolidation around this zone would be valid for us. Additionally, the 38.2% Fibonacci retracement level sits in the middle of this accumulation phase, making it our targeted entry for Wave 4. Therefore, the level between $72.78 and $70.62 seems ideal for a re-entry. Given the upcoming election, it would be safer to play this setup with a wider stop-loss or soft stop-loss (manual stop-loss) to account for potential volatility or sudden price wicks. At the moment, we haven’t set a limit order but have activated alerts. Once the price dips below $76, we will activate our limit order and get ready for the next leg up. 🔥
NASDAQ:PYPLLong
by freeguy_by_wmc
Bulls are exhausted to push price higherNASDAQ:PYPL rally seems to be short-lived as the volume is up but bulls are exhausted. After the Fed's 50 Basis point interest cut, the market euphoria fueled this week's rally, which doesn't seem sustainable. I also see the culmination of Elliott impulse wave 12345. There are two gaps to fill and the gap at $66 is likely to fill soon, once the bears come in. I am looking for a $70 target short term and $58 in the medium term (3 Months). This is not a financial advice. Cheers!!
NASDAQ:PYPLShort
by Jay_Mata_Laxmi
8
$PYPL * PAYPAL HOLDINGS INC. EWP TC FIB MONTHLY TF ANALYSISToday's chart is a monthly time frame of PayPal Holdings, Inc. ( NASDAQ:PYPL ), showing an Elliott Wave count on the price action: 1. Elliott Wave Pattern: The chart suggests an impulse wave structure, with labels for the five-wave upward movement (labeled 1, 2, 3, 4, and 5), followed by a potential corrective wave (A). The impulse waves have been forming in an upward direction, but the current price action suggests that we are in a corrective phase (labeled as wave “A” and potentially moving towards wave “B” in the future). 2. Fibonacci Retracement Levels: The Fibonacci retracement levels are drawn from the ATH of wave 5 down to the low of wave 2 (around $38, the IPO price). These levels help predict potential support and resistance zones. Significant retracement levels are visible, indicating the areas where price could potentially reverse or consolidate. Price recently seems to be approaching the 0.236 level (around $70), which is a shallow retracement, suggesting that the market may not be fully correcting yet. 3. Price Targets: On the upside, there are extensions in the 0.618 / 0.65 Fibonacci zones (Golden Pocket), suggesting that PayPal could potentially reach price levels of around $155 if the trend in Wave B of this correction resumes. The downside targets for Wave C are lower, with strong support levels near the 0.786 Fibonacci level (around $50) and a potential ALGO TP at $33. 4. RSI (Relative Strength Index): The RSI is positioned around 48, which indicates neutral momentum. The RSI has previously shown both overbought (above 70) and oversold (below 30) conditions in previous cycles, and currently sits in a middle range, showing that the market is neither in a strong bullish nor bearish phase. 5. IPO Price Reference: The IPO price of $38 (highlighted on the chart) remains relevant. It is near the current key support level, and price revisiting this level could be seen as a potential bottom if the correction continues. Summary: Future price targets depend on how the corrective wave unfolds, but the structure suggests there could be further downside risk if the GZ SHORT at $155 holds.
NASDAQ:PYPLLong
by Anakyn
1