PAYFARE INC (PAY.CA) Stock Technical Analysis
TSX:PAY • CA70437C1095
Overall PAY gets a technical rating of 7 out of 10. Although PAY has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
- PAY is one of the better performing stocks in the Financial Services industry, it outperforms 100% of 27 stocks in the same industry.
- In the last month PAY has a been trading in the 3.77 - 4.00 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been consolidating recently, this may present a good entry opportunity.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- When comparing the yearly performance of all stocks, we notice that PAY is one of the better performing stocks in the market, outperforming 84% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
- PAY is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PAY is lagging the market.
Although PAY has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
3.70
We found 1 important support area.
- A support zone ranging from 3.74 to 3.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 4.01 to 4.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for PAY.CA is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PAY.CA is up. |
| ChartMill Relative Strength | 84.2 | POSITIVE | PAY.CA has a high relative strength, it outperformed 84.2% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PAY.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PAY.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PAY.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 68.12 | NEUTRAL | The RSI value for PAY.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests PAY.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 95.45 | OVERBOUGHT | The high Stochastics value suggests PAY.CA may be overbought. |
| Average True Range in percent/ATR (20) | 1.04 | LOW VOLATILITY | The low ATR as a percentage value for PAY.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 34.45 | POSITIVE | The high ADX value value for PAY.CA suggests a strong trend. |
TSX:PAY (3/4/2025, 7:00:00 PM)
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PAYFARE INC / PAY.CA FAQ
What is the ChartMill technical rating of PAYFARE INC (PAY.CA) stock?
ChartMill assigns a technical rating of 7 / 10 to PAY.CA.
Can you provide the trend direction for PAYFARE INC?
The current trend direction for PAYFARE INC (PAY.CA) is Bearish.
Can you provide the RSI signal for PAYFARE INC?
PAYFARE INC (PAY.CA) has an RSI value of 68.1238. This indicates that the stock is currently neutral.
What is the buy/sell signal for PAYFARE INC (PAY.CA) stock?
The buy/sell signal for PAYFARE INC (PAY.CA) is hold as the short term and long term trends are mixed.
Can you provide the support and resistance levels for PAYFARE INC?
PAYFARE INC (PAY.CA) has a support level at 3.84 and a resistance level at 4.01. Check the full technical report for our detailed analysis of PAY.CA support and resistance levels.