Paypal Stock Price Prediction 2023: Way to go for (NASDAQ: PYPL)

Paypal stock price prediction 2023 suggests that PYPL share price hold required potential and it may soar from 2017 lows.
PYPL stock price is trying to hold its position near 20-EMA but is still thriving to reach 50, 100 and 200-days Daily Moving Average.
An electronic replacement for conventional paper methods like checks and money orders, PayPal Holdings, Inc. is an American multinational financial technology firm that operates an online payments system in most countries that permit online money transfers.

Some potential of Paypal share price has been displayed throughout the week as PYPL soared around 3.34% during the period of the week. However, PYPL share has declined by 63% year to date. This indicates the struggle and sufferings of PYPL stock over the daily time frame chart.

Paypal stock price was at $70.30 and has dropped by 0.37% in its market capitalization in the past 24-hour. Trading volume needs to be increased as the accumulation rate is currently low and needs to be increased. This demonstrates that PYPL investors are trying to provide the share price a good start.

Paypal share price is currently trading at 2017 lows and has been declining over the daily time frame chart. PYPL share price needs to break out of the consolidation phase and soar above $90 price rate.

PYPL stock price has been consolidating inside the consolidation phase between the price range of $65 and $90. However, trading volume is currency below average and needs to grow for PYPL stock to keep up investors faith. Meanwhile, PYPL stock price is trying to hold its position near 20-EMA but is still thriving to reach 50, 100 and 200-days Daily Moving Average.

Paypal Stock Price Prediction 2023:

Paypal stock price prediction 2023 suggests that the price of PayPal will reach $100 by the end of 2023 and then $125 by the middle of 2024, according to the most recent long-term prediction. Within 2025, PayPal will increase to $150, then to $200 in 2026, $250 in 2029, and $300 in 2033.

Technical Indicators are ‘Pretty Divergent’!

Long term Consolidation phase which has been basically a roller-coaster ride experience of paypal stock price. PYPL stock price has been trying to regain the uptrend momentum to soar from the lower level of horizontal range-bound area over the daily price chart. Technical indicators seem pretty divergent as RSI and MACD exhibit two different stories.

Relative Strength Index showcases the downtrend momentum of Paypal stock price. RSI is at 39 and is heading towards oversold territory. MACD exhibits the uptrend momentum of PYPL share price. The MACD line is ahead of the signal line over the daily chart.

Summary

Paypal stock price prediction 2023 showcases that PYPL share is trying to recover after facing backlashes from sellers throughout the year. Paypal Inc stock price must soar towards its recovery phase and must gain with utmost potential over the daily time frame chart. Paypal stock price prediction 2023 suggests that the price of PayPal will reach $100 by the end of 2023 and then $125 by the middle of 2024, according to the most recent long-term prediction. Technical indicators seem pretty divergent as RSI and MACD exhibit two different stories. PYPL share price needs to break out of the consolidation phase and soar above $90 price rate. The MACD line is ahead of the signal line over the daily chart.

Technical Levels

Support Levels: $65.00 and $60.00

Resistance Levels: $75.00 and $90.00

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing