PayPal Holdings Inc. (PYPL/NASD): general analysis
06 September 2018, 12:19
| Scenario | |
|---|---|
| Timeframe | Intraday |
| Recommendation | SELL STOP |
| Entry Point | 88.40 |
| Take Profit | 86.00, 84.00, 82.00 |
| Stop Loss | 90.50 |
| Key Levels | 82.00, 85.50, 88.50, 93.25 |
| Alternative scenario | |
|---|---|
| Recommendation | BUY STOP |
| Entry Point | 93.30 |
| Take Profit | 97.00, 99.00 |
| Stop Loss | 91.00 |
| Key Levels | 82.00, 85.50, 88.50, 93.25 |
Current trend
On September 4, PayPal shares were fixed at a new 52-week high. Since early August, the price has increased by 8.39%, since the beginning of 2018 by 20.96%. The growth is due to strong quarterly results and aggressive strategy of expansion on the world market due to investments in the purchase of new companies. In the last quarter, PayPal spent 2.7 billion US dollars on the acquisition of three companies, including a payment partner for small businesses iZettle.
During the last week, PayPal fell 1.72% against the decrease in the S&P 500 index by 0.26%.
Support and resistance
Yesterday, the instrument held the local supply zone at 92.00–93.25, which caused a price drop of more than 4%. The company's shares reached a key support of 88.50. There is potential for further correction. The indicators’ signals are ambiguous: the price was fixed above the MA (50) and MA (200); MACD histogram began to decline. It is better to open the positions from the key levels.
The comparative analysis of the indicators of the company and its competitors suggests the neutrality of its share prices.
Resistance levels: 93.25.
Support levels: 88.50, 85.50, 82.00.
Trading tips
Short positions can be opened after the price is set below the level of 88.50. The closing of the profitable positions is possible at the levels of 86.00, 84.00 and 82.00. Stop loss is 90.50.
Long positions can be opened after the price is set above the level of 93.25 with the targets at 97.00–99.00. Stop loss is 91.00.
On September 4, PayPal shares were fixed at a new 52-week high. Since early August, the price has increased by 8.39%, since the beginning of 2018 by 20.96%. The growth is due to strong quarterly results and aggressive strategy of expansion on the world market due to investments in the purchase of new companies. In the last quarter, PayPal spent 2.7 billion US dollars on the acquisition of three companies, including a payment partner for small businesses iZettle.
During the last week, PayPal fell 1.72% against the decrease in the S&P 500 index by 0.26%.
Support and resistance
Yesterday, the instrument held the local supply zone at 92.00–93.25, which caused a price drop of more than 4%. The company's shares reached a key support of 88.50. There is potential for further correction. The indicators’ signals are ambiguous: the price was fixed above the MA (50) and MA (200); MACD histogram began to decline. It is better to open the positions from the key levels.
The comparative analysis of the indicators of the company and its competitors suggests the neutrality of its share prices.
Resistance levels: 93.25.
Support levels: 88.50, 85.50, 82.00.
Trading tips
Short positions can be opened after the price is set below the level of 88.50. The closing of the profitable positions is possible at the levels of 86.00, 84.00 and 82.00. Stop loss is 90.50.
Long positions can be opened after the price is set above the level of 93.25 with the targets at 97.00–99.00. Stop loss is 91.00.
No comments:
Write comments