PAYCOM SOFTWARE INC (PAYC) Technical Analysis
NYSE:PAYC • US70432V1026
Current stock price
PAYC Technical Rating and Analysis
Taking everything into account, PAYC scores 2 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. PAYC was also a bad performer in the overall market in the last year.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- 91% of all other stocks performed better in the past year than PAYC.
- PAYC is one of the lesser performing stocks in the Professional Services industry. 69% of 86 stocks in the same industry do better.
- PAYC 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.
- PAYC has an average volume of 1955590 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 110.49 - 136.97 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
PAYC Weekly and Daily overview Charts
PAYC Setup Rating and Analysis
PAYC has a poor technical rating and the quality of the setup is also not perfect 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
PAYC Support and Resistance Analysis
112.45
We found 1 important support area.
- A support zone ranging from 113.59 to 114.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 124.58 to 126.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 129.30 to 130.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @132.99 from a horizontal 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 | NEUTRAL | NEUTRAL | The short term trend for PAYC is neutral. |
| ChartMill Relative Strength | 9.42 | NEGATIVE | PAYC has a low relative strength, it was outperformed by 90.58% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PAYC is above the rising 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) | DOWN | NEGATIVE | The current price of PAYC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.5 | NEUTRAL | The RSI value for PAYC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.87 | POSITIVE | The MACD value suggests PAYC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 60.65 | NEUTRAL | The Stochastics value for PAYC is a neutral value. |
| Average True Range in percent/ATR (20) | 4.61 | MEDIUM VOLATILITY | The ATR as a percentage value for PAYC suggests some volalility. |
| Average Directional Index/ADX (14) | 16.2 | NEGATIVE | The low ADX value for PAYC suggests a weak or negative trend. |
PAYC Chart- and CandleStick Pattern Analysis
PAYC Technicals: Chart, Performance Metrics, Trend & Indicators
123.72
-1.78 (-1.42%)
PAYCOM SOFTWARE INC / PAYC TA FAQ
What is the technical rating for PAYC stock?
ChartMill assigns a technical rating of 2 / 10 to PAYC.
Can you provide the trend direction for PAYCOM SOFTWARE INC?
The current trend direction for PAYCOM SOFTWARE INC (PAYC) is Bearish.
Can you provide the RSI signal for PAYCOM SOFTWARE INC?
PAYCOM SOFTWARE INC (PAYC) has an RSI value of 48.4982. This indicates that the stock is currently neutral.
What is the short term momentum for PAYC stock?
The short term momentum for PAYCOM SOFTWARE INC (PAYC) is neutral.
What is the support and resistance level for PAYC stock?
PAYCOM SOFTWARE INC (PAYC) has a support level at 114.43 and a resistance level at 124.58. Check the full technical report for our detailed analysis of PAYC support and resistance levels.