PayPal Holdings, Inc. (PYPL/NASD/S&P500)
15 September 2017, 12:56
| Scenario | |
|---|---|
| Timeframe | Intraday |
| Recommendation | BUY STOP |
| Entry Point | 62.45 |
| Take Profit | 63.00, 63.50, 64.00 |
| Stop Loss | 61.80 |
| Key Levels | 60.30, 61.00, 61.60, 62.40, 63.20 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 61.50 |
| Take Profit | 60.50, 60.00 |
| Stop Loss | 62.20 |
| Key Levels | 60.30, 61.00, 61.60, 62.40, 63.20 |
Industry: credit services
Current trend
PayPal is considering the purchase of the processing company Tio Networks, which can unblock the significant potential income of the company on the subscription video market. Tio Networks supports invoices of large North American public services, cable and wireless network providers.
Last week Goldman Sachs increased the forecast upon PayPal stocks to 72 USD per stock. The investment bank supposes the increased growth of the e-business of the company, supported by the growth of the market demand on the online payments and the PayPal novelty in the functionality and safety of the payment system field.
During the last week PayPal stocks grew by 2.80% against the growth of the S&P 500 index by 1.23%.
The comparative analysis between the indicators of the company and its competitors suggest the neutrality of its share prices.
Key levels
The “bullish” moods have been prevailing for a long time. At the moment the price is consolidating. Key support and resistance levels are 61.60 and 62.40 correspondingly. Indicators don’t give clear signals, but it’s better to open positions according to the current trend.
Resistance levels: 62.40, 63.20.
Support levels: 61.60, 61.00, 60.30.
Trading tips
If the price is set above the level of 62.40, it’s better to open long positions. Closing profitable positions is possible at the levels of 63.00, 63.50, 64.00. Stop loss is 61.80.
The correction is not excluded. If the price is set below the support level of 61.60, find entering points to open short positions with the targets at 60.50–60.00. Stop loss is 62.20.
Implementation period: 3 days.
Current trend
PayPal is considering the purchase of the processing company Tio Networks, which can unblock the significant potential income of the company on the subscription video market. Tio Networks supports invoices of large North American public services, cable and wireless network providers.
Last week Goldman Sachs increased the forecast upon PayPal stocks to 72 USD per stock. The investment bank supposes the increased growth of the e-business of the company, supported by the growth of the market demand on the online payments and the PayPal novelty in the functionality and safety of the payment system field.
During the last week PayPal stocks grew by 2.80% against the growth of the S&P 500 index by 1.23%.
The comparative analysis between the indicators of the company and its competitors suggest the neutrality of its share prices.
Key levels
The “bullish” moods have been prevailing for a long time. At the moment the price is consolidating. Key support and resistance levels are 61.60 and 62.40 correspondingly. Indicators don’t give clear signals, but it’s better to open positions according to the current trend.
Resistance levels: 62.40, 63.20.
Support levels: 61.60, 61.00, 60.30.
Trading tips
If the price is set above the level of 62.40, it’s better to open long positions. Closing profitable positions is possible at the levels of 63.00, 63.50, 64.00. Stop loss is 61.80.
The correction is not excluded. If the price is set below the support level of 61.60, find entering points to open short positions with the targets at 60.50–60.00. Stop loss is 62.20.
Implementation period: 3 days.
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