By Mill Chart
Last update: Dec 6, 2023
Growth investors are on the lookout for stocks displaying robust revenue and EPS growth. In this analysis, we'll assess whether PAYLOCITY HOLDING CORP (NASDAQ:PCTY) aligns with growth investing criteria, especially as it consolidates and signals a possible breakout. As always, investors should conduct their own research, but PAYLOCITY HOLDING CORP has surfaced on our radar for growth with base formation, warranting further examination.
Every stock receives a Growth Rating from ChartMill, ranging from 0 to 10. This rating assesses various growth aspects, including historical and projected EPS and revenue growth. NASDAQ:PCTY boasts a 9 out of 10:
ChartMill assigns a Health Rating to every stock. This score ranges from 0 to 10 and evaluates the different health aspects like liquidity and solvency, both absolutely, but also relative to the industry peers. NASDAQ:PCTY scores a 7 out of 10:
ChartMill's Profitability Rating offers a unique perspective on stock analysis, providing scores from 0 to 10. These ratings consider a wide range of profitability metrics and margins, both in comparison to industry peers and on their own merits. For NASDAQ:PCTY, the assigned 8 is a significant indicator of profitability:
Next to the Technical Rating, the Setup Rating of a stock determines to which extend the stock is consolidating. This score also ranges from 0 to 10 and is updated daily. The setup score evaluates various short term technical indicators. For NASDAQ:PCTY this score is currently 7:
PCTY has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 159.89. Right above this resistance zone may be a good entry point.
More Strong Growth stocks can be found in our Strong Growth screener.
Our latest full fundamental report of PCTY contains the most current fundamental analsysis.
For an up to date full technical analysis you can check the technical report of PCTY
Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.
PAYLOCITY HOLDING CORP
NASDAQ:PCTY (2/21/2024, 7:00:38 PM)After market: 173.45 0 (0%)
PAYLOCITY HOLDING CORP (NASDAQ:PCTY): a strong growth stock preparing for the next leg up?.
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