PAYSIGN INC (PAYS) Stock Technical Analysis
NASDAQ:PAYS • US70451A1043
We assign a technical rating of 0 out of 10 to PAYS. PAYS's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- 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, PAYS is a bad performer in the overall market: 70% of all stocks are doing better.
- PAYS 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.
- In the last month PAYS has a been trading in the 3.25 - 4.73 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.
- PAYS is an average performer in the Financial Services industry, it outperforms 54% of 97 stocks in the same industry.
The technical rating of PAYS is bad and it also does not present a quality setup 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
3.36
When analyzing the resistance we notice 3 important areas.
- Resistance @4.29 from a trend line in the weekly time frame.
- A resistance zone ranging from 4.70 to 4.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @4.97 from a trend line in the daily time frame.
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 PAYS is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PAYS is down. |
| ChartMill Relative Strength | 30.87 | NEUTRAL | PAYS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PAYS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PAYS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of PAYS is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 23.89 | OVERSOLD | The low RSI value suggests PAYS may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests PAYS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 8.97 | OVERSOLD | The low Stochastics value suggests PAYS may be oversold. |
| Average True Range in percent/ATR (20) | 6.09 | HIGH VOLATILITY | The high ATR as a percentage value for PAYS suggests high volalility. |
| Average Directional Index/ADX (14) | 52.33 | POSITIVE | The high ADX value value for PAYS suggests a strong trend. |
3.39
+0.07 (+2.11%)
PAYSIGN INC / PAYS FAQ
Can you provide the ChartMill technical rating for PAYSIGN INC?
ChartMill assigns a technical rating of 0 / 10 to PAYS.
What is the trend direction for PAYS stock?
The current trend direction for PAYSIGN INC (PAYS) is Bearish.
What is the RSI signal for PAYSIGN INC (PAYS) stock?
PAYSIGN INC (PAYS) has an RSI value of 23.8922. This indicates that the stock is currently oversold.
What is the short term momentum for PAYSIGN INC (PAYS) stock?
The short term momentum for PAYSIGN INC (PAYS) is negative.
What is the buy/sell signal for PAYSIGN INC (PAYS) stock?
The buy/sell signal for PAYSIGN INC (PAYS) is sell as both the short term and long term trends are negative.