Paypal stock (PYPL) continues to pay off for investors in both ROI and opportunity. Turning briely to the business side, the key metric in determining PayPal’s health is call “Total Payment Volume” (TPV). It is now over 179 Billion, up nearly 27%. The recent news that they are now licensed to operate in China is, in the words of President Trump, HUGE. China is the world’s largest market and will only accelerate PayPal’s stock climb.
PayPal shares are trading at a monthly maximum, adding more than 10% after the publication of a strong quarterly report that exceeded market expectations on October 23. Revenue grew 19% YoY to $4.38 billion, adjusted earnings per share increased 5% YoY to $0.61. Since the beginning of the year, the issuer’s quotes have added more than 26.5% in value.
Over the past week, PayPal shares rose by 10.20%. Over the same period, the S&P 500 index rose by 1.40%.
Support and resistance
The company’s shares moved to growth and renewed the local highs. The issuer is currently consolidating. The key range is 104.00–108.00. There is potential for further recovery. Indicators do not give accurate signals: the price has fixed between MA (50) and MA (200); MACD is in the positive zone and continues to rise. It is better to open the positions from the key levels.
A comparative analysis of the multiples of the company and competing companies in the industry indicates the neutrality of #PYPL.
Resistance levels: 108.00, 111.50, 114.00.
Support levels: 104.00, 99.00, 95.00.
PayPal Stock Trading Ideas
PayPal is definitely [eafl id=”279680″ name=”finviz” text=”stock chart”]a “Buy,” but investors should be try to be strategic. Long positions may be opened after the price consolidates above the level of 108.00. The closing of the profitable positions is possible at the levels of 112.00, 116.00 and 119.00. Stop loss will be located at the level of 104.00.
Short positions may be opened after the price consolidates below the level of 104.00 with the targets at 98.00–94.00. Stop loss – 108.00.
Implementation period: 3 days.
Paypal Stock Recommendations
Sep-12-19 Upgrade Canaccord Genuity Hold → Buy
Aug-20-19 Initiated KeyBanc Capital Markets Buy
Aug-13-19 Upgrade Guggenheim Sell → Neutral
Jul-29-19 Downgrade Guggenheim Neutral → Sell
Jun-13-19 Reiterated BofA/Merrill Buy $123 → $131
Apr-17-19 Downgrade UBS Buy → Neutral $101 → $120
Mar-15-19 Reiterated BofA/Merrill Buy $102 → $116
Feb-25-19 Downgrade Buckingham Research Buy → Neutral $99
Feb-06-19 Downgrade Guggenheim Buy → Neutral
Feb-01-19 Downgrade Atlantic Equities Overweight → Neutral
Jan-31-19 Reiterated RBC Capital Mkts Outperform $103 → $105
Jan-31-19 Reiterated Oppenheimer Outperform $95 → $100
Jan-07-19 Reiterated Barclays Overweight $110 → $115
Oct-19-18 Upgrade BTIG Research Neutral → Buy
Oct-19-18 Reiterated BMO Capital Markets Outperform $112 → $119
Sep-14-18 Upgrade Raymond James Mkt Perform → Outperform
Sep-11-18 Reiterated KeyBanc Capital Mkts Overweight $100 → $105
Aug-30-18 Initiated Berenberg Buy $104
Jul-26-18 Reiterated Stifel Buy $99 → $102
Jun-21-18 Upgrade Atlantic Equities Neutral → Overweight