PayPal - PayPal expected to report an EPS of $1.36 on revenue of $7.88bn (tomorrow)

PayPal’s shares currently trading at around $63.12 a share. PayPal is yet another name in focus after the company has been struggling to catch a bid even with the market tailwinds of 2023. The CEO has recently announced the new plans to help its stock, including job cuts and AI innovation. From a technical perspective, the stock has managed to break above its 200-day moving average and is now trying to establish support along it. The resistance here is now the level of $64.49 followed by $68.46. A break and close above $68.46 would in theory be a bullish indication and would then shift the focus to the resistance of $76.93. Regarding the support, the first psychological support sits along the 200MA, reading $62.51 and then along the supportive trendline, reading $60.38. Looking at the technical indicators the MACD is slightly negative on the daily but the RSI is almost positive as it reads 54. The stock is currently up 2.6% on the day.