PAYCOM SOFTWARE INC (PAYC) Technical Analysis
NYSE:PAYC • US70432V1026
Current stock price
PAYC Technical Rating and Analysis
Taking everything into account, PAYC scores 1 out of 10 in our technical rating. PAYC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 90% of all other stocks performed better in the past year than PAYC.
- PAYC is part of the Professional Services industry. There are 87 other stocks in this industry, of which 60% are performing better than PAYC.
- PAYC is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so PAYC is lagging the market.
- PAYC has an average volume of 1730030 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month PAYC has a been trading in the 112.93 - 138.86 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
PAYC Weekly and Daily overview Charts
PAYC Setup Rating and Analysis
PAYC has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 135.42. Right above this resistance zone may be a good entry point.
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PAYC Support and Resistance Analysis
124.45
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 135.42 to 138.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @145.75 from a trend line in the daily time frame.
PAYC 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 | 10.69 | NEGATIVE | PAYC has a low relative strength, it was outperformed by 89.31% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of PAYC is below the rising 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) | 43.01 | NEUTRAL | The RSI value for PAYC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.77 | POSITIVE | The MACD value suggests PAYC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 55.59 | NEUTRAL | The Stochastics value for PAYC is a neutral value. |
| Average True Range in percent/ATR (20) | 4.86 | MEDIUM VOLATILITY | The ATR as a percentage value for PAYC suggests some volalility. |
| Average Directional Index/ADX (14) | 25.59 | POSITIVE | The high ADX value value for PAYC suggests a strong trend. |
PAYC Chart- and CandleStick Pattern Analysis
PAYC Technicals: Chart, Performance Metrics, Trend & Indicators
125.71
-0.91 (-0.72%)
PAYCOM SOFTWARE INC / PAYC TA FAQ
What is the technical rating for PAYC stock?
ChartMill assigns a technical rating of 1 / 10 to PAYC.
Can you provide the trend direction for PAYCOM SOFTWARE INC?
The current trend direction for PAYCOM SOFTWARE INC (PAYC) is Bearish.
What is the RSI signal for PAYCOM SOFTWARE INC (PAYC) stock?
PAYCOM SOFTWARE INC (PAYC) has an RSI value of 43.0089. This indicates that the stock is currently neutral.
What is the buy/sell signal for PAYCOM SOFTWARE INC (PAYC) stock?
The buy/sell signal for PAYCOM SOFTWARE INC (PAYC) is sell as both the short term and long term trends are negative.
What are the support and resistance levels for PAYCOM SOFTWARE INC (PAYC) stock?
PAYCOM SOFTWARE INC (PAYC) has a resistance level at 135.42. Check the full technical report for our detailed analysis of PAYC support and resistance levels.