Bank AI

Resistance

Billion

Daily

<ul class="list-ic vertical">
 <li><span>1</span> <a>PayPal Holdings’ stock price surged 1.47% in the last intraday session and closed at $51.80.&nbsp;&nbsp;&nbsp;</a></li>
 <li><span>2</span> <a>PayPal stock price tried to recover after sliding near a 6-year low.&nbsp;</a></li>
 <li><span>3</span> <a>PayPal Holdings Inc. is yet to announce quarterly results on Wednesday, 1st November.&nbsp;</a></li>
</ul>
<p>PayPal stock price gained over 1.47% on Tuesday and showed some signs of recovery after the price fell near a 6-year low price. The bulls are trying to defend the round level of $50.</p>
<p>Moreover, the bears are in complete dominance since the price fell below the 50-day EMA in mid-September. The price fell below the $59 level and kept on sliding, breaking below the 52-week low.&nbsp;</p>
<p>The recent decline has turned pre-earnings sentiments bearish. PayPal Holdings Inc. is yet to announce the current quarterly results which may turn the stock sentiments optimistic.&nbsp;&nbsp;</p>
<h2 class="wp-block-heading" id="strong-paypal-expected-to-deliver-positive-quarter-analysts-strong"><strong>PayPal Expected To Deliver Positive Quarter: Analysts</strong></h2>
<p>PayPal stock price slumped over 12% in October and turned bearish before the quarterly results. PayPal is expected to report its third quarterly earnings on Wednesday, 1st November. Investors might be eagerly watching whether the results align with the expectations or not.&nbsp;</p>
<p>Moreover, the Deutsche Bank (DB) analyst Bryan Keane seems to be optimistic about the company’s performance in the current quarter. He expects the results to outperform the Wall Street estimates and maintain a “buy” rating for the stock.&nbsp;</p>
<p>The Wall Street analysts are expecting the company to deliver a revenue of $7.368 Billion which indicates a gain of over 10% as compared to the last quarter. Moreover, the earnings are estimated at $1.229 per share with a rise of $0.09 per share.&nbsp;</p>
<h2 class="wp-block-heading" id="strong-paypal-stock-price-analysis-over-daily-chart-strong"><strong>PayPal Stock Price Analysis Over Daily Chart</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-us.googleusercontent.com/WSTF5RqCSnrPLasB-rP9ftcpAD10socEX-3jAW5_j6VVYR3L26zhULbGCMZyShxHeoX2iYK5gsIoPLCLrOK71gHFJaPDKs-8TVz-PCU-wpK7t_qg-aS21AmTxFDl7kVE7BBD6cfBReyzT9yTN3zSzbk" alt="PayPal Stock Price Near 6-Year Low, Can PYPL Price Turn Bullish?&nbsp;&nbsp;">
  <figcaption class="wp-element-caption">
   Source: PayPal&nbsp; 1D. NASDAQ By TradingView
  </figcaption>
 </figure>
</div>
<p>The price analysis of PayPal shows that the price exhibits a long-term bearish outlook in the current quarter. The price has dropped from a high of $70 to a low of $50 in the current quarter.<br><br>The technical indicators imply that the price fell below the 50-day and 200-day EMA signifying the dominance of bears in the short term as well as the long term.&nbsp;</p>
<p>Furthermore, the price has recently bounced back from the $50 level, indicating that the bulls are attempting to defend the round level of $50. PayPal Holdings Inc. is yet to announce quarterly results today after which the price trend may turn around. However, it requires the results to regain the trust of Investors.&nbsp;&nbsp;</p>
<h2 class="wp-block-heading" id="strong-paypal-stock-price-prediction-2024-strong"><strong>PayPal Stock Price Prediction 2024</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-us.googleusercontent.com/75lpYC-X-T_jl8xo_SQy7JeninMIyqmfXOmf-XGyNfMl0Y9Kx9tQVqOHTu8tULRxJuiwJ0WoOlLR__lFixhPX3pDcQkU9rGezMhH3_d1AKOxcxDSv3e2SNNWStbOWPfDl7iTHbnBkTVZSlT6Llo9d4k" alt="PayPal Stock Price Near 6-Year Low, Can PYPL Price Turn Bullish?&nbsp;&nbsp;">
  <figcaption class="wp-element-caption">
   Source: tradingview.com
  </figcaption>
 </figure>
</div>
<p>Analysts offering a 1-year price forecast for <a href="https://www.thecoinrepublic.com/2023/10/29/paypal-stock-hits-multi-year-low-pypl-stock-downfall-continues/" rel="noopener noreferrer nofollow">PayPal stock</a> have a bullish outlook about the price trend and see a potential of over 143.24% on the upside. The price could reach a maximum of $126 by the end of 2024. On the other hand, the minimum estimates of the analysts hope for a drawdown of 1.54% which could drag the price to a low of $51.&nbsp;</p>
<h3 class="wp-block-heading" id="strong-conclusion-strong"><strong>Conclusion</strong></h3>
<p>PayPal stock price recovered slightly on Tuesday after falling near a 6-year low of $50. The company is yet to announce its third-quarter earnings today, which may influence the stock sentiment. Deutsche Bank analyst Bryan Keane is optimistic about the company’s performance and has given a buy rating to the stock.&nbsp;</p>
<p>The Wall Street analysts predict a revenue of $7.368 Billion and an earnings of $1.229 per share. The technical indicators show a long-term bearish trend for the stock which needs positive results to regain investor confidence.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<ul>
 <li><strong>Support levels:</strong> $50.26 and $46.84</li>
 <li><strong>Resistance levels:</strong> $54.62 and $59.00</li>
</ul>
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4>
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.&nbsp;</p>

PayPal Stock Price Near 6-Year Low, Can PYPL Price Turn Bullish?

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Thecoinrepublic.com

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