PAYCOM SOFTWARE INC (PAYC) Stock Technical Analysis
NYSE:PAYC - New York Stock Exchange, Inc. - US70432V1026 - Common Stock - Currency: USD
Overall PAYC gets a technical rating of 7 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
PAYC is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Looking at the yearly performance, PAYC did better than 89% of all other stocks. On top of that, PAYC also shows a nice and consistent pattern of rising prices.
PAYC is one of the better performing stocks in the Professional Services industry, it outperforms 90% of 81 stocks in the same industry.
PAYC is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so PAYC is lagging the market slightly.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
PAYC has an excellent technical rating, but the quality of the setup is only medium 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
197.78
268.38
4 important support areas can be observed.
- A support zone ranging from 222.78 to 227.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @216.78 from a trend line in the weekly time frame.
- Support @208.30 from a trend line in the daily time frame.
- Support @199.78 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @261.50 from a horizontal line in the daily time frame.
- A resistance zone ranging from 265.72 to 265.72. 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 | UP | POSITIVE | The long term trend for PAYC is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PAYC is down. |
| ChartMill Relative Strength | 89.69 | POSITIVE | PAYC has a high relative strength, it outperformed 89.69% off all stocks 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) | UP | MIXED | The current price of PAYC is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PAYC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.34 | NEUTRAL | The RSI value for PAYC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.89 | NEGATIVE | The MACD value suggests PAYC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 25.94 | NEUTRAL | The Stochastics value for PAYC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.75 | MEDIUM VOLATILITY | The ATR as a percentage value for PAYC suggests some volalility. |
| Average Directional Index/ADX (14) | 31.7 | POSITIVE | The high ADX value value for PAYC 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)
233.8
+2.4 (+1.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryProfessional Services
Performance
% Chg1.04%
1 Week-0.53%
2 Weeks-5.12%
1 Month-9.92%
3 Month18.02%
6 Month14.69%
12 Month64.69%
2 Year-36.6%
3 Year-29.26%
5 Year-17.78%
10 Year630.63%
15 YearN/A
Volatility
ATR(14)6.41
ATR(20)%2.75%
ATR Inc-12.28%
Range Today7.38
ADR(20)6.34
ADR(20)%2.71%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.69
Mansfield0.66
10 Day High246.68
10 Day Low221.15
20 Day High267.76
20 Day Low221.15
52 Week High267.76
52 Week Low139.5
CS1 End222.78
CR1 Start234.16
Volume & EV
DER(3)-1.22%
DER(5)-1.16%
Volume913.10K
Volume Incr24.31%
Vol(5)772.74K
Vol(50)603.64K