How the (PYPL) price action is used to our Advantage
April 28, 2024, 20:20 pm ET, BY Joseph H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for PYPL
- Buy PYPL slightly over 59.73 target 66.42 stop loss @ 59.56 Details
The technical summary data tells us to buy PYPL near 59.73 with an upside target of 66.42. This data also tells us to set a stop loss @ 59.56 to protect against excessive loss in case the stock begins to move against the trade. 59.73 is the first level of support below 65.96 , and by rule, any test of support is a buy signal. In this case, support 59.73 is being tested, a buy signal would exist.
- Short PYPL slightly under 66.42, target 59.73, stop loss @ 66.61 Details
The technical summary data is suggesting a short of PYPL as it gets near 66.42 with a downside target of 59.73. We should have a stop loss in place at 66.61though. 66.42 is the first level of resistance above 65.96, and by rule, any test of resistance is a short signal. In this case, if resistance 66.42 is being tested, a short signal would exist.
Swing Trading Plans for PYPL
- Buy PYPL slightly over 66.42, target n/a, Stop Loss @ 66.23 Details
If 66.42 begins to break higher, the technical summary data tells us to buy PYPL just slightly over 66.42, with an upside target of n/a. The data also tells us to set a stop loss @ 66.23 in case the stock turns against the trade. 66.42 is the first level of resistance above 65.96, and by rule, any break above resistance is a buy signal. In this case, 66.42, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short PYPL slightly near 66.42, target 64.21, Stop Loss @ 66.61. Details
The technical summary data is suggesting a short of PYPL if it tests 66.42 with a downside target of 64.21. We should have a stop loss in place at 66.61 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 66.42, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for PYPL
- Buy PYPL slightly over 66.42, target n/a, Stop Loss @ 66.27 Details
If 66.42 begins to break higher, the technical summary data tells us to buy PYPL just slightly over 66.42, with an upside target of n/a. The data also tells us to set a stop loss @ 66.27 in case the stock turns against the trade. 66.42 is the first level of resistance above 65.96, and by rule, any break above resistance is a buy signal. In this case, 66.42, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short PYPL slightly near 66.42, target 65.49, Stop Loss @ 66.57. Details
The technical summary data is suggesting a short of PYPL if it tests 66.42 with a downside target of 65.49. We should have a stop loss in place at 66.57 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 66.42, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Paypal Holdings Inc. (PYPL) available here: PYPL.
PYPL Ratings for April 28:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Weak |
Neutral |
| P1 |
0 |
0 |
53.44 |
| P2 |
64.05 |
61.94 |
59.73 |
| P3 |
65.49 |
64.21 |
66.42 |
AI Generated Signals for PYPL
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Paypal Holdings Inc. (NASDAQ: PYPL) data table below can help you with price action, and we have more details too. Trading plans for PYPL are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for PYPL:
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