We assign a technical rating of 0 out of 10 to PAYX. PAYX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, PAYX does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 112.08. Right above this resistance zone may be a good entry point.
More info and screens
107.38
When analyzing the support we notice one important area.
- Support @108.46 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 112.08 to 112.11. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @116.55 from a trend line in the daily time frame.
- Resistance @140.39 from a horizontal 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 PAYX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PAYX is down. |
| ChartMill Relative Strength | 14.77 | NEGATIVE | PAYX has a low relative strength, it was outperformed by 85.23% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PAYX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PAYX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PAYX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 39.57 | NEUTRAL | The RSI value for PAYX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.62 | POSITIVE | The MACD value suggests PAYX has a positive trend. |
| Stochastics (14,3) | 62.98 | NEUTRAL | The Stochastics value for PAYX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.1 | MEDIUM VOLATILITY | The ATR as a percentage value for PAYX suggests some volalility. |
| Average Directional Index/ADX (14) | 47.68 | POSITIVE | The high ADX value value for PAYX suggests a strong trend. |
111.69
+0.28 (+0.25%)
PAYCHEX INC / PAYX FAQ
Can you provide the ChartMill technical rating for PAYCHEX INC?
ChartMill assigns a technical rating of 0 / 10 to PAYX.
What is the trend direction for PAYX stock?
The current trend direction for PAYCHEX INC (PAYX) is Bearish.
What is the RSI signal for PAYCHEX INC (PAYX) stock?
PAYCHEX INC (PAYX) has an RSI value of 39.5742. This indicates that the stock is currently neutral.
What is the short term momentum for PAYCHEX INC (PAYX) stock?
The short term momentum for PAYCHEX INC (PAYX) is negative.
What is the buy/sell signal for PAYCHEX INC (PAYX) stock?
The buy/sell signal for PAYCHEX INC (PAYX) is sell as both the short term and long term trends are negative.