TRENDING KEYWORDS
Paypal (PYPL, $236.54) will allow crypto checkout
PayPal Inc. said that it will allow customers to buy goods and services with cryptocurrencies at more than 29 million merchants globally.
The payment service company will enable users with a digital wallet to convert their cryptocurrencies into fiat currency at the point of purchase.
“As the use of digital payments and digital currencies accelerates, the introduction of Checkout with Crypto continues our focus on driving mainstream adoption of cryptocurrencies, while continuing to offer PayPal customers choice and flexibility in the ways they can pay using the PayPal wallet," said CEO Dan Schulman. "Enabling cryptocurrencies to make purchases at businesses around the world is the next chapter in driving the ubiquity and mass acceptance of digital currencies."
PYPL's Indicator enters downward trend
The Aroon Indicator for PYPL entered a downward trend on May 16, 2022. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 114 similar instances where the Aroon Indicator formed such a pattern. In 86 of the 114 cases the stock moved lower. This puts the odds of a downward move at 75%.
Current price $77.65 is below $280.55 the lowest support line found by A.I. Throughout the month of 04/13/22 - 05/16/22, the price experienced a -26% Downtrend. During the week of 05/09/22 - 05/16/22, the stock fell -2%.
The Moving Average Convergence Divergence Histogram (MACD) for PYPL turned negative on May 06, 2022. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 48 similar instances when the indicator turned negative. In 31 of the 48 cases the stock turned lower in the days that followed. This puts the odds of success at 65%.
The 10-day Moving Average for PYPL crossed bearishly below the 50-day moving average on April 19, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In 11 of 16 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 69%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where PYPL declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 63%.
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where PYPL's RSI Oscillator exited the oversold zone, 13 of 20 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 65%.
The Stochastic Indicator shows that the ticker has stayed in the oversold zone for 5 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
PYPL may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 70%. During the last month, the daily ratio of advancing to declining volumes was 1 to 2.48.
The Tickeron Valuation Rating of 92 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (4.431) is normal, around the industry mean (4.384). P/E Ratio (26.042) is within average values for comparable stocks, (80.319). Projected Growth (PEG Ratio) (0.986) is also within normal values, averaging (1.301). PYPL has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.039). P/S Ratio (3.608) is also within normal values, averaging (24.819).
The Tickeron Profit vs. Risk Rating rating for this company is 82 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. PYPL’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 81, placing this stock worse than average.
The Tickeron PE Growth Rating for this company is 81 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is 65 (best 1 - 100 worst), indicating steady price growth. PYPL’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is 62 (best 1 - 100 worst), indicating slightly weaker than average sales and a marginally profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Seasonality Score of 30 (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
A leasing company (e.g. United Rentals, Inc. ) is typically the legal owner of the asset for the duration of the lease, while the lessee has operating control over the asset while also having some share of the economic risks and returns from the change in the valuation of the underlying asset. Per capita disposable income and corporate earnings or cash flow could be some of the critical metrics for this business – the higher the values of these metrics, the potentially greater ability of consumers/businesses to afford apartments/office spaces for rent. Other finance companies include credit/debit card payment processing companies (e.g. Visa Inc. and Mastercard), private label credit cards providers (e.g. Synchrony Financial) and automobile finance companies (e.g. Credit Acceptance Corporation).
The average market capitalization across the Finance/Rental/Leasing Industry is 7.7B. The market cap for tickers in the group ranges from 10.3K to 428.7B. V holds the highest valuation in this group at 428.7B. The lowest valued company is CAFI at 10.3K.
The average weekly price growth across all stocks in the Finance/Rental/Leasing Industry was -2.18%. For the same Industry, the average monthly price growth was -7.8%, and the average quarterly price growth was -13.34%. IMPHP experienced the highest price growth at 68.32%, while SEZNL experienced the biggest fall at -74.93%.
- 5/4/22 8:26 AM: PayPal Holdings (PYPL, $90.71) was a top weekly gainer, with a +8.38% jump
- 3/16/22 5:12 AM: PayPal Holdings (PYPL, $100.46) was a top weekly gainer, with a +5.86% jump
- 2/26/22 6:56 AM: PayPal Holdings (PYPL, $110.94) was a top weekly gainer, with a +7.03% jump
The average weekly volume growth across all stocks in the Finance/Rental/Leasing Industry was 29.18%. For the same stocks of the Industry, the average monthly volume growth was 47.26% and the average quarterly volume growth was 48.93%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Stocks in the group have a Negative Outlook today, backed by the Aroon Indicator. Tickeron has a negative outlook on this group and predicts a further decline by more than 4.00% within the next month with a likelihood of 47%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.4.
45 stocks in the group of tickers confirmed the negative outlook based on the Declines indicator with average odds of 71%.
The most notable companies in this group are PayPal Holdings (NASDAQ:PYPL), Dropbox (NASDAQ:DBX), Bread Financial Holdings (NYSE:BFH).
The average market capitalization across the group is 9.3B. The market cap for tickers in the group ranges from 0 to 91.3B. PYPL holds the highest valuation in this group at 91.3B. The lowest valued company is ADFT at 0.
The average weekly price growth across all stocks in the group was 0.05%. For the same group, the average monthly price growth was -18.59%, and the average quarterly price growth was -36.7%. IBKKF experienced the highest price growth at 93.47%, while VENZF experienced the biggest fall at -28.15%.
- 5/14/22 4:23 AM: GDS Holdings (GDS, $29.47) was a top weekly gainer, with a +6.24% jump
- 5/12/22 5:38 AM: Automatic Data Processing (ADP, $208.53) was a top loser this week, declining -8.89%. Expect a Downtrend reversal
- 5/12/22 5:38 AM: Eqonex (EQOS, $1.41) is a top weekly loser for penny stocks, falling -35.91%
The average weekly volume growth across all stocks in the group was -36.97%. For the same stocks of the group, the average monthly volume growth was 35.01% and the average quarterly volume growth was 276.5%
- 5/13/22 4:50 AM: The volume for ZENDESK stock increased for one day, resulting in a record-breaking daily growth of 216% of the 65-Day Volume Moving Average
- 5/11/22 7:39 AM: The volume for Fluent stock increased for one day, resulting in a record-breaking daily growth of 204% of the 65-Day Volume Moving Average
- 4/29/22 5:43 AM: The volume for OptimizeRx stock increased for one day, resulting in a record-breaking daily growth of 212% of the 65-Day Volume Moving Average
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Latest blogs by Sarah Patel
Top Blogs
