PAYMENTUS HOLDINGS INC-A (PAY) Stock Technical Analysis
USA - NYSE:PAY - US70439P1084 - Common Stock
We assign a technical rating of 7 out of 10 to PAY. PAY was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
Although PAY has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
27.53
We found 2 important support areas.
- A support zone ranging from 28.40 to 28.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @27.81 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @37.81 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 38.93 to 38.94. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A resistance zone ranging from 39.84 to 39.85. This zone is formed by a combination of multiple trend lines in the daily time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for PAY is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PAY is neutral. |
| ChartMill Relative Strength | 82 | POSITIVE | PAY has a high relative strength, it outperformed 82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PAY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of PAY is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PAY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.55 | NEUTRAL | The RSI value for PAY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.66 | POSITIVE | The MACD value suggests PAY has a positive trend. |
| Stochastics (14,3) | 68.68 | NEUTRAL | The Stochastics value for PAY is a neutral value. |
| Average True Range in percent/ATR (20) | 4.11 | MEDIUM VOLATILITY | The ATR as a percentage value for PAY suggests some volalility. |
| Average Directional Index/ADX (14) | 24.89 | NEUTRAL | The ADX value for PAY suggests a possible start of a new trend. |
35.47
-0.63 (-1.75%)
PAYMENTUS HOLDINGS INC-A / PAY FAQ
What is the ChartMill technical rating of PAYMENTUS HOLDINGS INC-A (PAY) stock?
ChartMill assigns a technical rating of 7 / 10 to PAY.
What is the current trend direction of PAYMENTUS HOLDINGS INC-A (PAY) stock?
The current trend direction for PAYMENTUS HOLDINGS INC-A (PAY) is Bearish.
What is the RSI signal for PAY stock?
PAYMENTUS HOLDINGS INC-A (PAY) has an RSI value of 65.5514. This indicates that the stock is currently neutral.
What is the support and resistance level for PAY stock?
PAYMENTUS HOLDINGS INC-A (PAY) has a support level at 28.78 and a resistance level at 37.81. Check the full technical report for our detailed analysis of PAY support and resistance levels.