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PayPal Holdings, Inc.PayPal Holdings, Inc.PayPal Holdings, Inc.

PayPal Holdings, Inc.

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PYPL trade ideas

PayPal added to the watchlistShares of PayPal lost nearly 82% of their value since the top in July 2021, and judging solely by this metric, one could consider the stock cheap. Nonetheless, there is more to it. In 2022, PayPal saw its revenue increase by 8% on a yearly basis and transaction volume grow by 16%. In addition to that, the company processed 22.3 billion payments and $1.36 trillion in total payment volume, with active accounts rising by 2% YoY to 435 million. However, its operating margin dropped by 10% and net income by 42% (using GAAP accounting). In the first quarter of 2023, the company delivered better results compared to the first quarter of 2022, with net revenue growing 9% YoY, operating income by 41% YoY, earnings per share by 62% YoY, and net income by 56% YoY. As for the second quarter of 2023, the company reported a further increase in net revenues by 7% YoY, operating income by 48% YoY, and earnings per share by 414% YoY. In this quarter, PayPal generated $1.029 billion in net income compared to the loss of $341 million a year earlier. Based on some of the fundamental improvements and cheap valuation, we think PayPal is growing increasingly attractive and worth watching out for. However, we would like to emphasize that the stock keeps making lower lows and lower highs. Thus, entering the trade is still quite risky. One alternative to approach this situation is to wait for a price to break above the upper bound of the channel and place a long entry there with stop-loss below the bound. Illustration 1.01 Illustration 1.01 displays the daily chart of PayPal and its losses since the top in July 2021. Technical analysis gauge Daily time frame = Bearish Weekly time frame = Bearish *The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of RSI, MACD, Stochastic, DM+-, ADX, and moving averages. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
NASDAQ:PYPL
by Tradersweekly
5
PayPal=The ROCKET of 2023/2024Like my previous CRSPR post where I displayed clear TA on how the stock price was clearly in a accumulation phase and that we were going to spike up, which is exactly what happened. This idea I was a bit nervous to publish because the TA looks a bit weary. However my gut usually proves me right for the most part. PayPal stock is clearly showing bearish patterns all year. Even as of right now writing this idea I have to double take at these charts. However I feel comfortable making this long contract option around $60 because we seem to have great support at those levels. In addition PayPal insiders have been buying back shares. Making my thesis even more strong Now, with the new CEO Alex Chriss coming into effect sept 27th and the stablecoin PayPal is launching I think this stock has momentum to at least cross the $80 price point this year. As of today I have built my contract position that expires in March 2024. I am expecting PayPal to cross $90 by 2024 or even earlier. In conclusion= $60 support level + Alex Chriss Leadership + oversold wallstreet players dumping PayPal + PayPal launching their stablecoin before the Stablecoin bill (hmm) = IMO 30% move on PayPal from these levels
NASDAQ:PYPLLong
by kiashedgefund
Hope at last for PayPal? Falling wedge in sightIt has been a very, very rough past 2 years for $PYPL. After seeing highs of $300+ in July of 2021, the stock sits at a staggering 59.42 after seeing absolutely no recovery from the recent market bull run. But, there may be some hope… Although the company is currently facing many different issues, it’s not like PayPal is going away anytime soon. When was the last time you used PayPal or a service connected with PayPal? Can garuntee you’ve had some connection with it in the past 24hrs shopping online. With that all being said, it appears we may have a falling wedge pattern forming, bullish. If this pattern does play out, would first target $100 and then see if the stock can pull off a full recovery. This of course also depends on the overall market direction… I personally do like this stock though long term and believe a recovery should be coming soon.
NASDAQ:PYPLLong
by Flinttrades
2
PYUSD - The PayPal StablecoinHi Traders, Investors and Speculators of Charts📈📉 PayPal announced yesterday on August 7, 2023 that it has launched a U.S. dollar stablecoin, called PayPal USD (PYUSD) . PYUSD is fully backed by U.S. dollar deposits and short-term U.S. Treasuries, and is issued by Paxos Trust Company. It is available to PayPal customers in the United States with PayPal Balance accounts. PayPal has partnered with Paxos to launch PYUSD. Paxos is a leading blockchain infrastructure company that specializes in stablecoins. Paxos also issues the BUSD stablecoin, which is used by Binance. PYUSD was first announced in January 2022, but its launch was delayed due to regulatory concerns. However, PayPal has since received approval from the New York State Department of Financial Services to issue PYUSD. PYUSD is currently valued at $1.00 per token. It can be used to buy, sell, hold, and transfer funds on PayPal. It can also be used to make payments to merchants that accept PayPal. PayPal has been crypto-friendly for some time. In addition to PYUSD, PayPal also offers four other cryptos: Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. PayPal customers can buy, sell, hold, and transfer these cryptocurrencies on the PayPal platform. PayPal's launch of PYUSD is a significant development in the cryptocurrency space. It is the first major financial technology firm to launch its own stablecoin . PayPal's move is likely to boost the adoption of stablecoins and cryptocurrencies in general. 💭 It's interesting to see how the fundamentals tend to follow the chart or vice versa. When we analyze the PayPal chart, we see a definitive completion of a bearish trend / downward cycle. According to Wyckoff Method and other market phases, the next cycle is the upward cycle / bullish phase. And so, this news comes at just the right time to kickstart a new market cycle! _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck NASDAQ:PYPL
NASDAQ:PYPLLong
by CryptoCheck-
24
$PYPL Double Bottom Bullish closeNASDAQ:PYPL Double Bottom Bullish close It sounds like you're discussing technical analysis concepts in the context of trading. A "double bottom" is a bullish reversal pattern that occurs after a downtrend and is characterized by two consecutive lows at a similar price level, followed by a breakout above the pattern's neckline. This pattern suggests a potential reversal from the downtrend to an uptrend. A "false breakdown" occurs when a price breaks below a support level but quickly reverses and closes back above it. This can be interpreted as a bullish sign, indicating that the selling pressure wasn't sustained, and buyers stepped in to push the price back up. The idea that "the best moves come from failed moves" is a common adage in trading and investing. It suggests that when a market or a security initially breaks out or breaks down and then reverses, it can lead to strong price movements in the opposite direction. This is often attributed to the idea that traders who were positioned on the wrong side of the initial move are forced to close their positions, contributing to the momentum in the opposite direction. It's important to note that while these concepts are commonly discussed in trading circles, they are not foolproof strategies. Technical analysis is just one approach to understanding price movements in financial markets, and it should be used in conjunction with other forms of analysis and risk management strategies. Markets can be unpredictable, and there is no guarantee that any pattern or signal will always lead to a profitable outcome.
NASDAQ:PYPLLong
by AlgoTradeAlert
Hope at last for PayPal? Falling wedge in sightIt has been a very, very rough past 2 years for $PYPL. After seeing highs of $300+ in July of 2021, the stock sits at a staggering 59.42 after seeing absolutely no recovery from the recent market bull run. But, there may be some hope… Although the company is currently facing many different issues, it’s not like PayPal is going away anytime soon. When was the last time you used PayPal or a service connected with PayPal? Can garuntee you’ve had some connection with it in the past 24hrs shopping online. With that all being said, it appears we may have a falling wedge pattern forming, bullish. If this pattern does play out, would first target $100 and then see if the stock can pull off a full recovery. This of course also depends on the overall market direction… I personally do like this stock though long term and believe a recovery should be coming soon.
NASDAQ:PYPLLong
by Flinttrades
PayPal : A value buy and the reward is worth the riskTechnicals : From a pattern perspective, from April 2022 onwards, each time a major low was created, there was some sort of descending channel formation. Now it is a case of pattern inside a pattern and we can see the same formation even inside the internal pattern. I did take two entries at two major inflection points and the market rallied after both of them. But I didn't book any profits since I'm in it for the long game. Now the price is coming back to create a third inflection point. So I'll be taking a third and final entry in this levels expecting a high probability for a rally to at least the start of the larger descending channel, which is a move of about 60% from the current levels. The total allocation after this entry will sum up to 2.5% of my portfolio. But I also do consider the possibility for the price to not hold on to this level and crash further along with the broader market. If that happens 45 to 47 USD will be a level, which I'll consider adding on, depending upon the fundamentals and technicals at that time. There is a gap to be filled at those levels. Fundamentals : Pros : - Revenue and profitability is increasing. - There is good enough cash flow. - A large user base who trust the company with their services. - PayPal owns Venmo which is very popular among youngsters and the brand has become a verb. - Elon Musk has this idea to make x.com an all in one app and integrate payment services in it. So there is a possibility that in future Elon might even considering taking over PayPal since he also has a history with the company. Cons : - Highly competitive sector since major giants also offer payment services like Apple Pay, G Pay, Amazon Pay, Shopify Pay etc. - Effective September 27, 2023, senior Intuit executive Alex Chriss will become PayPal’s president and CEO, replacing current CEO Dan Schulman. Need to see how the new management is going to run the company and what major changes will be implemented from here on. Closing Statement : I believe that all the cons mentioned herewith are already factored in to the current valuation and hence at current levels PayPal is a value buy. I will update when I make any changes in my positions, underneath this post.
NASDAQ:PYPLLong
by Sniper-Traders
5