PayPal is due to report earnings after the US market hours. It is expected to report earnings of $1.1 on revenue of $6.98bn.

Taking a look at PayPal as the company is expected to report earnings today after the US market hours. Its stock is currently trading at around $75.78 a share, but looking at the weekly timeframe it seems like it is trying to form a base with potential towards the upside. Support sits at $70.60, a break below this point could see the price fall lower towards the key support sitting at $66.25. A positive report could really see the price of PayPal head higher from current levels after the hammering it had in the last 16 months. Hence, towards the upside, resistance sits at $77.96 then a tough point at $88.62. A break above $88.62 could see a stretch towards $95, although this is more likely in the longer term. PayPal has beat analysts’ expectations in the last 4 out of 5 earnings releases and they are still operating at high-profit margins, especially when compared to the last 5 financial years. Over to the indicators, the MACD is pretty flat right now and the RSI is neutral as it reads 46.