PAYCOM SOFTWARE INC (PAYC) Technical Analysis
NYSE:PAYC • US70432V1026
Current stock price
PAYC Technical Rating and Analysis
Taking everything into account, PAYC scores 0 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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, PAYC is a bad performer in the overall market: 90% of all stocks are doing better.
- PAYC is part of the Professional Services industry. There are 87 other stocks in this industry, of which 69% 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.
- In the last month PAYC has a been trading in the 116.31 - 138.86 range, which is quite wide. It is currently trading near the lows of this range.
- PAYC has an average volume of 2136330 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Considerably lower volume is observed in the last couple of days.
PAYC Weekly and Daily overview Charts
PAYC Setup Rating and Analysis
Although the technical rating is bad, PAYC does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 124.91. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 114.71, a Stop Loss order could be placed below this zone.
More info and screens
PAYC Support and Resistance Analysis
113.29
We found 1 important support area.
- A support zone ranging from 114.43 to 114.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 124.91 to 125.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 138.02 to 138.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 10.77 | NEGATIVE | PAYC has a low relative strength, it was outperformed by 89.23% 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) | 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) | 47.47 | NEUTRAL | The RSI value for PAYC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests PAYC has a positive trend. |
| Stochastics (14,3) | 43.47 | NEUTRAL | The Stochastics value for PAYC is a neutral value. |
| Average True Range in percent/ATR (20) | 4.47 | MEDIUM VOLATILITY | The ATR as a percentage value for PAYC suggests some volalility. |
| Average Directional Index/ADX (14) | 23.96 | NEUTRAL | The ADX value for PAYC suggests a possible start of a new trend. |
PAYC Chart- and CandleStick Pattern Analysis
PAYC Technicals: Chart, Performance Metrics, Trend & Indicators
123.56
+2.76 (+2.28%)
PAYCOM SOFTWARE INC / PAYC TA FAQ
What is the technical rating for PAYC stock?
ChartMill assigns a technical rating of 0 / 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 47.474. 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 negative.
What is the support and resistance level for PAYC stock?
PAYCOM SOFTWARE INC (PAYC) has a support level at 114.71 and a resistance level at 124.91. Check the full technical report for our detailed analysis of PAYC support and resistance levels.