PAYC Technical Analysis - PAYCOM SOFTWARE INC

Technical Rating and Analysis

We assign a technical rating of 1 out of 10 to PAYC. PAYC has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

In the last month PAYC has a been trading in the 198.19 - 227.49 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.

PAYC is part of the Professional Services industry. There are 82 other stocks in this industry. PAYC outperforms 71% of them.

When comparing the performance of all stocks over the past year, PAYC turns out to be only a medium performer in the overall market: it outperformed 49% of all stocks.

PAYC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PAYC is lagging the market.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

PAYCOM SOFTWARE INC / PAYC Weekly stock chart

PAYCOM SOFTWARE INC / PAYC Daily stock chart

Setup Rating and Analysis

The technical rating of PAYC is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

199.37

236.42

We can see 2 important resistance areas.

A resistance zone ranging from 216.83 to 226.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @234.08 from a horizontal line in the daily time frame.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

Technical Indicator Signal Analysis

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 PAYC is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for PAYC is down.
ChartMill Relative Strength	49.91	NEUTRAL	PAYC is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of PAYC is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of PAYC is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of PAYC is below a declining SMA(200).
Relative Strength Index/RSI (14)	32.34	NEUTRAL	The RSI value for PAYC is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-1.62	NEGATIVE	The MACD value suggests PAYC has a negative trend.
Stochastics (14,3)	6.07	OVERSOLD	The low Stochastics value suggests PAYC may be oversold.
Average True Range in percent/ATR (20)	2.56	MEDIUM VOLATILITY	The ATR as a percentage value for PAYC suggests some volalility.
Average Directional Index/ADX (14)	17.75	NEGATIVE	The low ADX value for PAYC suggests a weak or negative trend.