New MomentumPaypal is gaining upward momentum again after having corrected the rise since March 27th.
Provided that we can overcome the MA there is a good chance to test this years highs again.
PYPL trade ideas
Paypal Asymmetry - The outlier of FintechPaypal has had many positive quarters lately and has maintained -by standards- the characteristics of a GROWTH company. Yet, it is not even valued properly. We have yet to reach the proper value, imagine when the market will realize again that they have been mispricing this growth company...
You may ask: ''why has the stock been beaten this much?'' It's all because of fintech horrible performance, IMO. None wants a part of fintech and so Paypal has paid the price of being in this sector.
The opportunity is time-bounded.
The trade is both a VALUE and a GROWTH play. DYOR.
Your PayPal is calling, pick up the phone $PYPL NASDAQ:PYPL Chart looks bottomed - we are expecting support to hold in the 63$ area for a trend reversal and major move to the upside.
Buy: 62$
Targets: 75$, 92$, 112$, 188.88$
Neutral - watching gradual downtrend/50-week EMANot buying today despite the discount because a gradual downtrend has formed. As long as that pattern holds, it will continue to make lower highs and lower lows over time (doesn't sound fun). That said, if it can eventually break out of the downtrend (which is currently running next to the 50-week EMA), I would consider starting a position (even though it would be at a higher entry). Anyway, I'll keep an eye on for a weekly and/or monthly close decisively (with volume) above that level.
PYPL ( PayPal ) is breaking out of the descending price channelStock : PYPL ( PayPal Inc )
Date : 27 Mar 2024
Trend : Up
preferred Transaction : Buy ( 66.50 $ )
Reasons : The stock has broken out above the resistance level of the upper line of the descending price channel
Technical Analysis success at level : zone ( 87 $ to 91 $ )
Technical Analysis fail at level : 60.40 $
PYPL still long way to fallHitting moving average and failed. RSI shows that the recent rally was a bear market rally. Good candidate to short with good RR. First target the yelow zone (although it can drop lower). Still a long way to fall. Long-term chart looks bad too. I will never long NASDAQ:PYPL
PayPal Set to Integrate PYUSD Integrate with XoomIn a significant stride towards reshaping the landscape of cross-border money transfers, PayPal's innovative approach has come to light with the integration of its stablecoin, PayPal USD ( SEED_DONKEYDAN_MARKET_CAP:PYUSD ), into its renowned cross-border money transfer service, Xoom.
The recent announcement by Xoom, PayPal's international money transfer arm, unveils a groundbreaking feature allowing American users to leverage PYUSD to fund payments across approximately 160 countries. This strategic move not only underscores PayPal's commitment to fostering mainstream adoption of cryptocurrencies but also addresses the growing demand for cost-effective and efficient cross-border payment solutions.
The introduction of PYUSD as a funding option marks a pivotal moment in the evolution of digital currencies, bridging the gap between traditional finance and the burgeoning crypto ecosystem. With PYUSD, users gain access to a stablecoin tethered to the value of the US dollar, ensuring stability and bolstering user confidence in digital transactions.
One of the key highlights of this integration is the elimination of transaction fees for transfers funded using PYUSD. This translates to tangible savings for consumers, especially in contrast to the global average cost of sending $200, which stands at over 6%, according to the World Bank's Q3 2023 report. By bypassing transaction fees, PayPal empowers users to make cross-border payments without incurring additional costs, thereby democratizing access to financial services on a global scale.
Furthermore, the seamless conversion of PYUSD into fiat currency prior to the transfer process streamlines the user experience, eliminating complexities associated with cryptocurrency conversions. Through a strategic partnership with Paxos Trust, PayPal ensures the integrity and reliability of PYUSD transactions, instilling trust among users and financial institutions alike.
Jose Fernandez da Ponte, Senior Vice President of the Blockchain, Cryptocurrency, and Digital Currency Group at PayPal, underscores the significance of this milestone, emphasizing the dual objectives of creating a stable-value asset while enhancing utility for commerce and payments. By enabling U.S. users of Xoom to utilize PYUSD as a funding source, PayPal reinforces its commitment to driving innovation in the realm of digital finance, heralding a new era of financial inclusivity and accessibility.
As the global economy continues to embrace the digital revolution, PayPal's integration of PYUSD with Xoom sets a precedent for future collaborations between traditional financial institutions and emerging blockchain technologies. This symbiotic relationship not only unlocks new avenues for financial innovation but also paves the way for a more interconnected and inclusive global financial ecosystem.
In conclusion, PayPal's integration of PYUSD with Xoom represents a monumental leap forward in the realm of cross-border payments, offering users a seamless, cost-effective, and secure means of transferring funds across borders. As the world embarks on a digital transformation journey, this partnership serves as a beacon of progress, heralding a future where borders are transcended, and financial opportunities are accessible to all.
What that peepall doIts been down trending for about 2 years or so. $65 seems to be a point of interest. If it holds above $65 and then clears up into the $70s, it could initiate an uptrend. But who knows dawg lol
$PYPL Possible Bullish pattern targeting 75$ SL 61Good risk/reward idea. Subject to RSI signal if break out then confirm bull wave targeting previous gap then fibo at 1.62% - stoploss will be at 61 which around 8% down from last closing Profit taken at 75$ will gives rewards by 16% approx . it can go higher but lets take it one by one as stock still on down trend since long time and can go lower to around 48-50 . better to strangle options with bullish view. good luck
PYPL - I don't buy itPYPL broke out of long-term channel two weeks ago, but I'm not confident it will get past $68.21 (for now). Looking for a fall-back to the $64ish area next week. The run up has had some strength, however. Will close short position if there's a close over $68.21.
GL
Buy Paypal?After a long bearish trend, paypal has had a second break out above the 200day ema which has me feeling bullish on this stock. Paypal owns several companies (see tinyurl.com for more reading ).
$PYPL - Double Top, Possible Retest of Trend Line at around $60Short term bearish Double Top with possible retest of the trend line at vertex. This pattern may form an Ascending Triangle. Short term may see some correction into a bullish Ascending Triangle Setup. Must break out over $68 with volume for consolidation breakout and break of downtrend
$PYPL: 🎯 Road to $77 🚀Hi everyone,
PayPal's stock appears bullish. Earlier this year, in January leading into February, the daily indicators tested the weekly ones but were rejected, causing a price drop. Recently, however, the daily indicators have successfully breached the weekly ones, propelling the price towards a potential monthly test. The immediate target is set at $77. A breach of this level could see the price aiming for the monthly target. The daily and weekly indicators will be closely watched for support, should there be any challenges in sustaining the upward momentum.
Good luck!
PYPL Weekly Chart Analysis: For educational purposes only, NFA PYPL Weekly Chart Analysis: For educational purposes only, NFA
Bullish case: March 28, 2024
1# Weekly EMA9/21 cross up.
2# Bullish Expanding Triangle
3# Inverted head and shoulder
Good Risk to Reward TradePYPL has not been participating in the rally that other tech stocks have benefited from. I am not sure why. Price recently hit a long term trend line and bounced. I am less convinced that there is meaningful follow through, but further upside is expected.
Not financial advice.
PayPal with a HUGE RSI DivPaypal moving on strong after suffering a massive stock dump.
Weekly RSI has been consistently climbing. Stock now starting to lift off the October bottom.
10%, 40% and 80% gains looks realistic from here imho.
PYPL upward trajectory comingNot as exciting as crypto but I have a position around $60 range.
Weekly 200ma gap fill around $140-150. bullish divergence with slowly trending down price and probably rising RSI (Can't RSI confirm because I didn't upgrade my tradingview to see more indicators haha). 20ma about to cross the 50ma for reverse death cross or whatever the technical name is.
Stock seems boring but revenue been trending up every quarter, EPS beat last couple quarters and most importantly.. i still use paypal quite a bit especially the fees I pay for international transfers. Minimum $140-150 but if fundamentals continue to improve there's no reason why it can't go back to $270+ ath.
Who knows how this will move short term but if long term more than a year out. It should be an easy 2x.
Will come back in a few years to see if this plays out =)
PAYPAL #PYPL --- Ready for recovery rallyObvious that the bear trend is clearly done
Paypal Hodlers should get relief and fresh positions could get rewarded quite nicely
It's not a bullish falling wedge, which is pattern I prefer.
But more of a regular descending channel ...
I think a move to $100 should be the minimum objective.
PayPal's Recovery: MACD Signal Line x-up Zero LineIt has been a few years (Aug 2021) since the PayPal weekly chart's MACD signal line is crossing up the zero line this week. We will observe if it recovers from the significant decline since it hit its high a few years ago.
Inverse Head and Shoulders has gained momentumAfter an 84% drop can this finally be a trend reversal? NASDAQ:PYPL still has a gap to fill at $150 and $72, but has a tough ice line to break at $68.
$PYPLPaypal's recent move up accompanied by declining volume indicates price going down upon reaching the 0.886 fib target. We might see it reach $75 if it breaks the initial target with convincing volume in the upcoming days/weeks.
