PAYMENTUS HOLDINGS INC-A (PAY) Stock Technical Analysis
NYSE:PAY - New York Stock Exchange, Inc. - US70439P1084 - Common Stock - Currency: USD
Overall PAY gets a technical rating of 10 out of 10. Both in the recent history as in the last year, PAY has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that PAY is one of the better performing stocks in the market, outperforming 97% of all stocks.
PAY is one of the better performing stocks in the Financial Services industry, it outperforms 97% of 99 stocks in the same industry.
PAY is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so PAY is leading the market.
In the last month PAY has a been trading in the 33.46 - 40.43 range, which is quite wide. It is currently trading near the high of this range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Besides having an excellent technical rating, PAY also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 38.35, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
24.03
40.12
When analyzing the support we can see 3 important areas.
- A support zone ranging from 36.85 to 38.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 25.47 to 25.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @24.27 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 | UP | POSITIVE | The long term trend for PAY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PAY is up. |
| ChartMill Relative Strength | 97.09 | POSITIVE | PAY has a high relative strength, it outperformed 97.09% 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) | UP | POSITIVE | The current price of PAY is above the rising 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) | 69.12 | NEUTRAL | The RSI value for PAY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.26 | NEGATIVE | The MACD value suggests PAY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 65.91 | NEUTRAL | The Stochastics value for PAY is a neutral value. |
| Average True Range in percent/ATR (20) | 4.09 | MEDIUM VOLATILITY | The ATR as a percentage value for PAY suggests some volalility. |
| Average Directional Index/ADX (14) | 28.53 | POSITIVE | The high ADX value value for PAY suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 40.04 | 36.84 | 3.19 (7.98%) | 12.53% |
| An entry @40.03. This is a Buy Stop order right above the 10 day high. | An exit @36.84. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.19 points, which is 7.98%. | For a 1.00% total portfolio risk, you can invest 12.53% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
39.72
+1.53 (+4.01%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryFinancial Services
Performance
% Chg4.01%
1 Week6.89%
2 Weeks2.03%
1 Month14.93%
3 Month50.68%
6 Month14.76%
12 Month103.69%
2 Year276.14%
3 Year197.08%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.69
ATR(20)%4.09%
ATR Inc26.12%
Range Today2.25
ADR(20)1.58
ADR(20)%3.97%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.09
Mansfield3.85
10 Day High40.03
10 Day Low35.39
20 Day High40.43
20 Day Low33.46
52 Week High40.43
52 Week Low16.94
CS1 End38.35
CR1 StartN/A
Volume & EV
DER(3)2.14%
DER(5)0.3%
Volume878.20K
Volume Incr5.88%
Vol(5)624.64K
Vol(50)501.02K