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blue-chip

Watch Out for This NYSE- Listed Financial Services Stock- Global Payments Inc.

May 22, 2023 | Team Kalkine
Watch Out for This NYSE- Listed Financial Services Stock- Global Payments Inc.

Section 1: Company Fundamentals

1.1 Company Overview:

Global Payments Inc. (NYSE: GPN) is a payments technology company that delivers software and services. The Company operates through three segments: Merchant Solutions, Issuer Solutions and Business, and Consumer Solutions.

Kalkine’s US Daily Report covers the Company Overview, Summary Table, Business updates and insights into company recent financial results, Key Risks & Outlook, Price performance and technical summary, and Recommendation on the stock.

Stock Performance:

  • The stock has corrected by 12.33% in the last three months as well as 16.49% in the last year.
  • The stock is leaning towards the lower band of its 52-week range of USD 136.88 and 52-week low price of USD 92.27. The price is currently consolidating in the levels of USD 98- USD 110.
  • The price is currently trading below both its short-term (50-day) SMA and long-term (200-day) SMA, with the current RSI of 45.30, with the expectation of a consolidation or further correction to 52-week low levels.

1.2 Summary Table

Section 2: Global Payments Inc (“Watch” at the current market price of USD 102.02, as of May 22, 2023, at 06:40 am PDT)

2.1 Company Details

2.2 Technical Guidance and Stock Recommendation

Markets are trading in a highly volatile zone currently due to certain macroeconomic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels is May 22, 2023. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 4: The report publishing date is as per the Pacific Time Zone.

Technical Indicators Defined: -

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.

 Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.

 Stop-loss: It is a level to protect against further losses in case of unfavorable movement in the stock prices.