Corpay (NYSE: CPAY) STOCK RECOMMENDATION
| Idea | BUY |
| Buy Range | 326 – 332 |
| Target | 345 – 348 |
| StopLoss* | below 315 |
| Duration | 14-15 Trading Days |
| Potential Returns | 4% – 5% |
| Idea | Buy Range | Target | StopLoss* | Duration | Potential Returns |
| BUY | 326 – 332 | 345 – 348 | below 315 | 14-15 Trading Days | 4% – 5% |
* Once the first target hit, reset the StopLoss at your buying price.
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Corpay (NYSE: CPAY) STOCK OVERVIEW
Corpay, Inc. is a payments firm that aids businesses and consumers in managing vehicle expenses, lodging costs, and corporate payments in the United States, Brazil, the United Kingdom, and worldwide. The company offers vehicle payment solutions, including fuel, tolls, parking, fleet maintenance, and long-haul transportation services, as well as prepaid food and transportation vouchers and cards. It also provides corporate payment solutions such as accounts payable automation, virtual cards, cross-border solutions, and purchasing and travel and entertainment card products. Corpay facilitates lodging payments for employees on business trips, traveling crews, stranded airline and cruise passengers, and insurance policyholders affected by disasters. Additionally, the company offers gift and payroll cards. Its clients include businesses, merchants, consumers, and payment networks. Formerly known as FLEETCOR Technologies, Inc., the company rebranded to Corpay, Inc. in March 2024. Established in 1986, it is based in Atlanta, Georgia.
| Stock Data | |
| NYSE Symbol | CPAY |
| Sectoral Index | Consumer Discretionary |
| 52 Weeks High | 333.34 |
| 52 Weeks Low | 220.39 |
Corpay (NYSE: CPAY) - RELATIVE STRENGTH
Relative Performance - Last 1 Year
Corpay — NYSE —
Corpay (NYSE: CPAY) - DAILY TECHNICAL ANALYSIS
- The stock price encountered significant resistance near the 320 level, leading to a subsequent decline.
- This drop brought the price down to the 247 level, where it found support.
- Afterward, the stock price recovered and neared its previous resistance level, only to be rejected again.
- However, following a short pullback, the price managed to break through the resistance zone and has maintained its position above the breakout level.
- Currently, the price is trading at an all-time high and is expected to keep rising.
Corpay (NYSE: CPAY) - RSI
- Current RSI of this stock is 74.53, which indicates the strength of buyers.
Corpay (NYSE: CPAY) - MACD
- MACD line has just crossed the signal line from the below, generates bullish signal.
Corpay (NYSE: CPAY) - ADX & DI
- Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.
CONCLUSION - Corpay (NYSE: CPAY) STOCK PRICE FORECAST
Based on our stock trading advice in USA, Corpay stock price target will be USD 345 – USD 348 in the next 14-15 trading sessions.
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