PAYX Technical Analysis - PAYCHEX INC

Technical Rating and Analysis

Overall PAYX gets a technical rating of 0 out of 10. 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.

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, PAYX is a bad performer in the overall market: 82% of all stocks are doing better.

PAYX is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.

In the last month PAYX has a been trading in the 129.33 - 141.19 range, which is quite wide. It is currently trading near the lows of this range.

PAYX has an average volume of 2216720 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 54% of 82 stocks in the same industry.

Volume is considerably higher in the last couple of days.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

Setup Rating and Analysis

PAYX has a poor technical rating and the quality of the setup is also only medium 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

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

128.69

149.48

When analyzing the support we notice one important area.

A support zone ranging from 129.99 to 129.99. 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 133.06 to 135.46. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A resistance zone ranging from 139.15 to 140.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 148.00 to 148.00. This zone is formed by a combination of multiple trend lines in multiple time frames.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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 PAYX is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for PAYX is down.
ChartMill Relative Strength	18.28	NEGATIVE	PAYX has a low relative strength, it was outperformed by 81.72% 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)	32.74	NEUTRAL	The RSI value for PAYX is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.35	NEGATIVE	The MACD value suggests PAYX has a negative trend.
Stochastics (14,3)	13.41	OVERSOLD	The low Stochastics value suggests PAYX may be oversold.
Average True Range in percent/ATR (20)	1.82	LOW VOLATILITY	The low ATR as a percentage value for PAYX suggests low volalility.
Average Directional Index/ADX (14)	30.86	POSITIVE	The high ADX value value for PAYX suggests a strong trend.