PAYCHEX INC (PAYX) Stock Technical Analysis
NASDAQ:PAYX - US7043261079 - Common Stock
139.455 USD
+0.74 (+0.53%)
139.455 USD
0 (0%)
We assign a technical rating of 1 out of 10 to PAYX. PAYX'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.
75% of all other stocks performed better in the past year than PAYX.
PAYX has an average volume of 2539380 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
PAYX is an average performer in the Professional Services industry, it outperforms 65% of 81 stocks in the same industry.
PAYX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PAYX is lagging the market.
In the last month PAYX has a been trading in a tight range between 134.81 and 141.89.
PAYX has a bad technical rating, but it does show a decent setup pattern. 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 140.66. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 139.06, a Stop Loss order could be placed below this zone.
More info and screens
129.51
161.38
When analyzing the support we can see 3 important areas.
- A support zone ranging from 138.25 to 139.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 134.99 to 135.86. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @130.82 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 140.66 to 143.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 159.78 to 159.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 25.44 | NEGATIVE | PAYX has a low relative strength, it was outperformed by 74.56% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PAYX is above the rising 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) | 47.31 | NEUTRAL | The RSI value for PAYX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.36 | POSITIVE | The MACD value suggests PAYX has a positive trend. |
| Stochastics (14,3) | 61.6 | NEUTRAL | The Stochastics value for PAYX is a neutral value. |
| Average True Range in percent/ATR (20) | 1.47 | LOW VOLATILITY | The low ATR as a percentage value for PAYX suggests low volalility. |
| Average Directional Index/ADX (14) | 23.11 | NEUTRAL | The ADX value for PAYX suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
139.455
+0.74 (+0.53%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryProfessional Services
Performance
% Chg0.53%
1 Week-0.96%
2 Weeks0.87%
1 Month0.08%
3 Month-11.69%
6 Month-8.05%
12 Month6.29%
2 Year14.09%
3 Year13.07%
5 Year82.37%
10 Year212.26%
15 Year460.29%
Volatility
ATR(14)2.14
ATR(20)%1.47%
ATR Inc-46.18%
Range Today1.15
ADR(20)1.99
ADR(20)%1.43%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS25.44
Mansfield-1.2
10 Day High141.19
10 Day Low137.23
20 Day High141.89
20 Day Low134.81
52 Week High161.24
52 Week Low128.92
CS1 End139.06
CR1 Start140.66
Volume & EV
DER(3)1.02%
DER(5)0%
Volume1.72M
Volume Incr-6.51%
Vol(5)2.06M
Vol(50)2.54M