PayPal Holdings Inc. (PYPL/NASD): general review
18 May 2018, 11:18
| Scenario | |
|---|---|
| Timeframe | Intraday |
| Recommendation | BUY STOP |
| Entry Point | 80.10 |
| Take Profit | 82.00, 84.00, 85.00 |
| Stop Loss | 78.00 |
| Key Levels | 71.50, 74.00, 77.00, 80.00, 83.00, 86.00 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 76.90 |
| Take Profit | 74.00, 72.00 |
| Stop Loss | 79.00 |
| Key Levels | 71.50, 74.00, 77.00, 80.00, 83.00, 86.00 |
Current trend
PayPal has confirmed the purchase of a payment start-up from Sweden iZettle for USD 2.2 billion. This purchase will be the largest for PayPal in history. In 2018, iZettle plans to process payments in the amount of USD 6 billion, generating revenues of USD 165 million. PayPal expects that the purchase will reduce the forecasted annual earnings per share by USD 0.01.
PayPal and Visa reported on the expansion of strategic cooperation in Canada, which will speed up the processing of digital and mobile payments in the region.
During the previous week, PayPal shares grew by 0.02%. S&P 500 index went down by 0.19% during the same period.
Support and resistance
The company's shares demonstrate positive dynamics. Currently the price is testing the local resistance level of 80.00. The level of 77.00 is a "mirror" support level. #PYPL quotes have the potential to further growth. Indicators show the strength of the buyers. The price has consolidated above MA(50) and MA(200), MACD is in the positive zone and continues to grow. Positions are better to be opened in line with the current trend.
Comparing company's multiplier with its competitors in the industry, we can say that #PYPL shares are neutral.
Support levels: 77.00, 74.00, 71.50.
Resistance levels: 80.00, 83.00, 86.00.
Trading tips
If the price consolidates above the resistance level of 80.00, one should expect the company's shares to grow further. Potential profits should be locked in by orders at 82.00, 84.00 and 85.00 Stop-loss will be placed at 78.00.
If the price consolidates below the "mirror" support level of 77.00, one may consider selling #PYPL. The movement potential is aimed in the area of 74.00–72.00. Stop-loss should be placed at 79.00.
Implementation period: 3 days.
PayPal has confirmed the purchase of a payment start-up from Sweden iZettle for USD 2.2 billion. This purchase will be the largest for PayPal in history. In 2018, iZettle plans to process payments in the amount of USD 6 billion, generating revenues of USD 165 million. PayPal expects that the purchase will reduce the forecasted annual earnings per share by USD 0.01.
PayPal and Visa reported on the expansion of strategic cooperation in Canada, which will speed up the processing of digital and mobile payments in the region.
During the previous week, PayPal shares grew by 0.02%. S&P 500 index went down by 0.19% during the same period.
Support and resistance
The company's shares demonstrate positive dynamics. Currently the price is testing the local resistance level of 80.00. The level of 77.00 is a "mirror" support level. #PYPL quotes have the potential to further growth. Indicators show the strength of the buyers. The price has consolidated above MA(50) and MA(200), MACD is in the positive zone and continues to grow. Positions are better to be opened in line with the current trend.
Comparing company's multiplier with its competitors in the industry, we can say that #PYPL shares are neutral.
Support levels: 77.00, 74.00, 71.50.
Resistance levels: 80.00, 83.00, 86.00.
Trading tips
If the price consolidates above the resistance level of 80.00, one should expect the company's shares to grow further. Potential profits should be locked in by orders at 82.00, 84.00 and 85.00 Stop-loss will be placed at 78.00.
If the price consolidates below the "mirror" support level of 77.00, one may consider selling #PYPL. The movement potential is aimed in the area of 74.00–72.00. Stop-loss should be placed at 79.00.
Implementation period: 3 days.
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