PayPal stock: buy or sell
Jun 22nd, 2021
PayPal stock brief
- PayPal closed on Monday at $283.10 after only changing a -0.10%.
- The price is currently over the upper Bollinger band, which usually indicates a near-term correction
- Last Thursday broke out above its latest top at $277.86
- The stock is configuring an uptrend pattern since last March, when it bottomed at $223.09. Up to date, shares made a 26.90% profit since the beginning of this rally. Last Thursday PayPal broke out above $277.86 giving an entry point
- PayPal Holdings, Inc. operates as a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants worldwide.
Should I buy PayPal stock?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $PYPL stock a buy?
In the current situation of PayPal there is just one buy setup eligible:
Uptrend buy setup
PayPal stock is in an uptrend since last March that so far has marked a gorgeous 27.00% gain. Price marked a pull back in this uptrend at $233.61 in mid-May, and since then it bounced off a 21.18%. Price just broke out above the buy point at $277.86, but it's still eligible. If price goes beyond $291.75, it would be better to wait to another pullback. If you decide to enter this trade, the suggested stop loss is at $250.07
|Buy setup||Buy point||Stop loss||Risk|
|Uptrend buy setup||$277.86||$250.07||10.00%|
Should I sell PayPal stock?
Knowing when to sell a stock is even more difficult than knowing when to buy it. Trading strategies allow us to avoid impulsive decisions based on our moods or the noise surrounding the market. When selling, as well as buying, detailed strategies are very easy to follow and are only applicable for selling stocks in your porfolio, not for shorting $PYPL stock
A guiding principle is that you should not keep an investment that shows a losses greater than those expected by the time of the buy. The timing to sell shares must always be determined by the stop-loss (automatic or manual)
Is it time to sell PayPal stock?
In the current situation of PayPal there is not any eligible sell setup, so PayPal stock holders with operations in green can keep their positions
We don't have any rating posted in the last 30 days for PayPal
PayPal stock analysis
PayPal shares started an uptrend last March, and gained a gorgeous 26.90%. The price action shows higher highs and higher lows, and along the way gave some buying opportunities for those who wanted to invest. Latest low was in mid-May, when price bounced at $233.61. PayPal broke out above $277.86 (its last top) last Thursday. That breakout was a good buying opportunity
Supports and resistances
The current resistance levels are:
The current supports are:
Price levels above or below the Bollinger Bands signal that the price has followed a strong trend that has led to extreme upward or downward values. For this case, the price is above the upper band, and that should mean a near-term correction (at least) until it is under the band
Relative strength index
When the stays for so long below 70 and above 30, without indicating moments of overbought and oversold, the indicator is of little use, and we currently are in one of these cases.
PayPal stock price history
PayPal started trading on Jul 6th, 2015 priced at $38.00 per share1. Since then, PYPL stock has risen by 645.00%, with an average of 129.00% per year. If you had invested thousand dollars in PayPal stock on Jul 2015, it would be valued $7,450.00 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for PayPal stock
How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations issue their analysis forecasting how a particular stock will performance in the future.
The following table shows the price forecasts released by analysts in the last month. If you are a small trader you don't have to buy or sell based on these forecasts.
In the previous 30 days we couldn't find any price target posted for PayPal stock.
Earnings and financials
In early May, PayPal ($PYPL) hosted the quarterly investors call and released the report. PayPal surpassed analysts estimates and presented of $1.22, that is a 20.79% surprise versus the initial estimates of $1.01. However, reported revenues of $6.0 billion were in line with consensus estimates.Same quarter last year, reported EPS was $0.66, so recently posted EPS means an improvement of 84.85%. Looking at revenues, figures skyrocketed a 30.64% compared to $46.2B year over year.
PayPal ($PYPL) is presenting Q2 financial report late next July. Market analysts analysts predict of $1.12, that is a 8.20% less than Q1.
Please read:The opinions contained in this article are personal and not recommendations for you to buy or sell shares. The author of this text does not have any knowledge of the individual positions of the reader, his or her finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are published for informational motives only
|Monday, June 21st, 2021|
|Day range||$276.73 - $284.3|
|Average true range||$7.32|
|50d mov avg||$260.88|
|100d mov avg||$259.00|
|200d mov avg||$233.91|
|Earnings date||July 28th, 2021|