PAYMENTUS HOLDINGS INC-A (PAY) Stock Technical Analysis
NYSE:PAY • US70439P1084
We assign a technical rating of 0 out of 10 to PAY. PAY scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 86% of all other stocks performed better in the past year than PAY.
- PAY is one of the lesser performing stocks in the Financial Services industry. 72% of 98 stocks in the same industry do better.
- PAY is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month PAY has a been trading in the 22.02 - 29.49 range, which is quite wide. It is currently trading near the lows of this range.
- Volume is considerably higher in the last couple of days.
The technical rating of PAY is bad and it also does not present a 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.
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22.87
When analyzing the support we notice one important area.
- A support zone ranging from 23.10 to 23.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
7 important resistance areas can be observed.
- A resistance zone ranging from 25.06 to 25.31. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 25.92 to 25.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @26.54 from a trend line in the daily time frame.
- Resistance @36.02 from a trend line in the weekly time frame.
- Resistance @37.81 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 38.93 to 38.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @39.84 from a horizontal line 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 | DOWN | NEGATIVE | The long term trend for PAY is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PAY is down. |
| ChartMill Relative Strength | 14.95 | NEGATIVE | PAY has a low relative strength, it was outperformed by 85.05% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PAY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PAY is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PAY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 39.43 | NEUTRAL | The RSI value for PAY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests PAY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 51.05 | NEUTRAL | The Stochastics value for PAY is a neutral value. |
| Average True Range in percent/ATR (20) | 5.81 | HIGH VOLATILITY | The high ATR as a percentage value for PAY suggests high volalility. |
| Average Directional Index/ADX (14) | 46.39 | POSITIVE | The high ADX value value for PAY suggests a strong trend. |
24.18
-0.49 (-1.99%)
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 0 / 10 to PAY.
Can you provide the trend direction for PAYMENTUS HOLDINGS INC-A?
The current trend direction for PAYMENTUS HOLDINGS INC-A (PAY) is Bearish.
Can you provide the RSI signal for PAYMENTUS HOLDINGS INC-A?
PAYMENTUS HOLDINGS INC-A (PAY) has an RSI value of 39.4285. This indicates that the stock is currently neutral.
What is the buy/sell signal for PAYMENTUS HOLDINGS INC-A (PAY) stock?
The buy/sell signal for PAYMENTUS HOLDINGS INC-A (PAY) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for PAYMENTUS HOLDINGS INC-A?
PAYMENTUS HOLDINGS INC-A (PAY) has a support level at 23.1 and a resistance level at 25.06. Check the full technical report for our detailed analysis of PAY support and resistance levels.