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6 months special financing expansion sends PayPal stock down 1%
PayPal Holdings, Inc. unveiled greater flexibility for the PayPal Credit Card, making 6 months special financing available for purchases above $149 wherever Mastercard is accepted. The stock is down 1% on the day at $58.43.
PYPL price prediction
Current price:
$59.24
0.2800
0.47%
Closed
11/06
Daily range
58.86
59.81
59.81
Weekly range
58.19
60.86
60.86
Loading...
Highlights
- PayPal introduced 6 months special financing for PayPal Credit Card purchases of $149 or more at any Mastercard-accepting location.
- Shares of PayPal fell 1% to $58.43 despite the new credit card feature and with a market value near $50.53 billion.
- Technicals remain bullish above key supports, with PayPal shares likely to trade within $57.17 to $59.68 over the next week.
The PayPal Credit Card now offers 6 months special financing on purchases of $149 or more everywhere Mastercard is accepted. This update was announced directly by PayPal. The company operates in credit services and has a market value near $50.53 billion.
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Overbought RSI limits gains as price holds above all key averages
The daily move in PayPal stock runs counter to an overall bullish chart structure, as price holds above its MA-20, MA-50, and MA-200. The nearest support is the weekly low at $57.18, which helps define the lower boundary for the ongoing move. An RSI reading of 70.9 sits in overbought territory, marking a stretched condition that limits further upside for now.
Upside probability favored as traders watch for a close above resistance
Traders should watch whether buyers are ready to respond after the session opened with a gap down from $59.05 to $58.82. Over the next five trading days, upside probability stands at 78% and downside at 22%, with PayPal shares expected to trade between $57.17 and $59.68. While the recent move lower has shown a firm trend, from here a close above $59.98 would confirm buyers are regaining control, while a drop below $57.18 would indicate the move is being faded. On the weekly chart the longer-term picture stays mixed.
Previously it was reported that PayPal is integrating stablecoins more deeply into its core payments operations as part of a broader push to expand digital asset services. The latest credit card update adds a new dimension to the company's consumer offerings, and traders should watch for a decisive move above $59.98 or below $57.18 to signal the next trend in PayPal shares.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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