Is PayPal A good stock to buy on Monday, October 28, 2024 10:10 AM

**PayPal's technical indicators suggest a positive outlook.** The stock has shown recent positive momentum, with a 1-week percentage change of 3.08% and a closing price that was 1.65% higher on October 28, 2024. The 5-day and 10-day moving averages are $81.61 and $80.98, respectively, indicating a short-term upward trend. The stock's resistance level is at $83.38, which is slightly above the closing price, suggesting that there is potential for the stock to break out and continue its upward trend. The Moving Average Convergence Divergence (MACD) is -0.22, which could indicate a potential bottom divergence and a bullish trend reversal. Furthermore, the stock's Bollinger Bands are $77.11, $79.97, and $82.83, with the closing price near the mid-value, suggesting that the stock is neither overbought nor oversold. In terms of short-term trend forecasts, there is no available data, but the forecast price for the next twenty trading days starts at $80.11 and goes up to $82.53, indicating a potential for the stock to increase in value. However, it's important to note that options are for speculation and can be risky. It's always a good idea to do your own research and consider your investment goals and risk tolerance before making any investment decisions.