PayPal stock: buy or sell
Updated on:
Apr 22nd, 2021
2
PayPal stock brief
- PayPal stock barely moved 0.17% to close at $264.89 on the stock market on Wednesday, breaking a streak of 3 sessions in negative.
- From the chart point view, price is drawing a scaled uptrend since early March with higher tops and higher bottoms. Up to date, price marked a 18.74% gain since the beginning of this rally
- Rosenblatt Securities posted a strong bullish rating for PayPal on Tuesday, targeting $350.00
- 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 not any eligible buy setup. This doesn't mean we expect a selloff for $PYPL in coming sessions, or that it may not climb higher. Simply, it doesn't match our recommended trading systems
Should I sell PayPal stock?
When you are a novel trader and you own stock shares with some profit, it's really difficult to decide the best moment to sell and get your profits. Much like when we have to buy shares, deciding when is appropiate to sell is not a whimsical decision, and we must use our own trading style. When selling, as well as buying, our strategies are very easy to follow but are only valid for selling stocks in your porfolio, not for shorting $PYPL stock
As a rule of thumb, you should never mantain a trading operation that yields losses greater than those expected upon the buy. The timing to sell your stock 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
PayPal ratings
In the last 30 days, 3 brokerage ratings were published for PayPal. General sentiment is bullish, with 3 out of 3 publishing optimistic forecasts
| Brokerage firm | Rating |
|---|---|
| Mar 30th, 2021 | |
| BTIG Research | |
| Apr 7th, 2021 | |
| Oddo Bhf | Buy |
| Apr 20th, 2021 | |
| Rosenblatt Securities | |
PayPal stock analysis
PayPal stock started an uptrend in early March, and gained an amazing 18.74%. The price line shows rising tops and bottoms, and along the way provided very few buy points for those who wanted to trade in. Latest low was in late March, when price bounced at $227.52. Now, the price moves in a consolidation between its last top ($277.86) and its last bottom ($227.52)
SMAs overview
Supports and resistances
The current resistance levels are:
The current support levels are:
Bollinger bands
Since the price surpassed the upper band on April 13, the price has been corrected downwards by 4.33%
Relative strength index
The RSI dropped below the overbought level of 70 last February after just crossing to the overbough zone for a single day (weak signal). The RSI value on Wednesday was 55.32. Since then, PayPal price sank a 10.87%
PayPal stock price history
PayPal went public on Jul 6th, 2015 priced at $38.00 per share1. Since then, PYPL stock surged by 597.08%, with an average of 119.42% per year. An investment of thousand dollars at that time would be valued $6,970.79 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 post their analysis forecasting how a stock will performance in the future.
The following table shows the price predictions released by analysts in the last 30 days. If you are a small investor you must not invest based on these price targets.
There are 2 price forecasts posted for PayPal that average $347.50. That is a 31.19% than the current price ($264.89).
| Brokerage firm | Price target |
|---|---|
| Mar 30th, 2021 | |
| BTIG Research | $345.00 |
| Apr 7th, 2021 | |
| Oddo Bhf | Not available |
| Apr 20th, 2021 | |
| Rosenblatt Securities | $320.00 → $350.00 |
Earnings and financials
PayPal ($PYPL) had the quarterly earnings call and presented the report last February. PayPal reported earnings of $1.08 per share on sales of $6.1 billion. The market estimate was $1.00 per share on revenue of $6.1 billion.
By comparison, the EPS for the same quarter last year was $0.86, so current EPS is a gain of 25.58%. Revenue exploded a 23.28% on an annualized basis in the , from $49.6B to $61.2B last quarter.PayPal ($PYPL) is hosting the quarterly earnings call next Wednesday. Analysts predict of $1.01, that is a 6.48% less than previous quarter.
PayPal performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| PayPal ($PYPL) | 7.90% | 7.40% | 31.70% |
Important note:
The thoughts given in this article are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this paper does not know the individual circumstances of the reader, his or her own financial statements 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 Opinions are provided for educative purposes onlyPayPal summary
| Wednesday, April 21st, 2021 | |
|---|---|
| Open | $261.41 |
| Close | $264.89 |
| Day range | $259.27 - $266 |
| Previous close | $264.43 |
| Session gain | 0.17% |
| Average true range | $9.75 |
| 50d mov avg | $259.37 |
| 100d mov avg | $246.90 |
| 200d mov avg | $219.16 |
| Earnings date | May 5th, 2021 |