Annual Forecast for Paypal (2019)

Paypal stock (NASDAQ:PYPL) is in a bullish trend, which has been in place since December 2018. In spite of the current pullback in the market, the outlook on it remains bright.

In the chart, the Williams’ % Range period 20 is around the overbought region and will soon become more overbought than it currently is.

Price is also above the EMA 21, supporting the bullish outlook. So, the current pullback is just a good opportunity to enter the market at a relatively cheaper rates.

For this year, PYPL is supposed to continue trending upwards, reaching the distribution territories at 100.00, 110.00 and 120.00.

 

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