PAYFARE INC (PAY.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:PAY - CA70437C1095 - Common Stock
We assign a technical rating of 7 out of 10 to PAY. In the past year, PAY was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
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
When analyzing the support we notice one important 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.
When analyzing the resistance we notice one important 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)
4
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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.
What is the current trend direction of PAYFARE INC (PAY.CA) stock?
The current trend direction for PAYFARE INC (PAY.CA) is Bearish.
What is the RSI signal for PAY stock?
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 PAY stock?
The buy/sell signal for PAYFARE INC (PAY.CA) is hold as the short term and long term trends are mixed.
What are the support and resistance levels for PAYFARE INC (PAY.CA) stock?
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.