Paypal weekly uptrend opportunity based On 1.00 Lot Calculation:
- Paypal Inc. is a financial services company that specializes in digital and mobile payments. It is best known for its use in e-commerce for online payment solutions, and as an e-wallet. Paypal also offers branded credit and debit cards. It has over 348 million active users and almost 30 million merchant accounts. It currently operates in over 200 markets around the globe. It processes over 15 billion transactions per year.
- Q4 EARNINGS REPORT (January 27) Paypal reported its 4th Quarter earnings this week and missed the consensus forecast by $0.01. Paypal also lowered its forward guidance for 2022. However, the company still expects to grow over 6% in the 1st Quarter. The stock has fallen over 28% since its earnings report. That is a large drop for a company that has positive earnings and still expects to grow in the next year.
- ANALYST OPINION: Paypal presently has 38 Buy ratings, 14 Hold ratings, and 1 Sell rating. The average target price is $193.55. J.P. Morgan rated the stock Overweight on February 3rd with a price target of $190. On February 2nd, both Morgan Stanley and Credit Suisse rated the stock Overweight and Outperform, respectively, also with an expectation of $190.
- STOCK PERFORMANCE, TECHNICAL ANALYSIS: Weekly technical indicators including the Relative Strength, the MACD, and the Stochastic indicators all indicate an oversold condition and the stock may be well poised for a reversal. Paypal’s stock made an all-time high of $310.16 in July 2021, over 150% higher than where it is priced today.
#Paypal, February 8, 2022
Current Price: 120.00
|
PayPal |
Weekly |
|
Trend direction |
|
|
156.00 |
|
|
144.00 |
|
|
132.00 |
|
|
110.00 |
|
|
100.00 |
|
|
90.00 |
Example of calculation base on weekly trend direction for 1.00 Lot*
|
PayPal |
||||||
|
Pivot Points |
||||||
|
Profit or loss in $ |
36,000.00 |
24,000.00 |
12,000.00 |
-10,000.00 |
-20,000.00 |
-30,000.00 |
|
Profit or loss in €** |
31,557.08 |
21,038.05 |
10,519.03 |
-8,765.86 |
-17,531.71 |
-26,297.57 |
|
Profit or loss in £** |
26,586.32 |
17,724.21 |
8,862.11 |
-7,385.09 |
-14,770.18 |
-22,155.26 |
|
Profit or loss in C$** |
45,737.28 |
30,491.52 |
15,245.76 |
-12,704.80 |
-25,409.60 |
-38,114.40 |
* 1.00 lot is equivalent of 1000 units
** Calculations for exchange rate used as of 15:40 (GMT) 08/02/2022
Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Client Manager regarding their use.
*** You may wish to consider closing your position in profit, even if it is lower than suggested one
**** Trailing stop technique can protect the profit – Ask your Client Manager for more details