PAYCHEX INC (PAYX) Stock Technical Analysis
NASDAQ:PAYX - Nasdaq - US7043261079 - Common Stock - Currency: USD
Overall PAYX gets a technical rating of 1 out of 10. PAYX has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
In the last month PAYX has a been trading in the 138.22 - 148.11 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
PAYX has an average volume of 2372150 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
When compared to the yearly performance of all other stocks, PAYX outperforms 47% of them, which is more or less in line with the market.
PAYX is part of the Professional Services industry. There are 82 other stocks in this industry, PAYX did better than 67% of them.
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.
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
128.86
161.39
When analyzing the support we can see 2 important areas.
- A support zone ranging from 135.86 to 139.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @130.16 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 141.87 to 147.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 159.79 to 159.79. 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 | NEUTRAL | NEUTRAL | The long term trend for PAYX is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PAYX is down. |
| ChartMill Relative Strength | 47.18 | NEUTRAL | PAYX is not amongst the best or worst performers 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) | 42.38 | NEUTRAL | The RSI value for PAYX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.24 | NEGATIVE | The MACD value suggests PAYX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 20.66 | NEUTRAL | The Stochastics value for PAYX is a neutral value. |
| Average True Range in percent/ATR (20) | 1.6 | LOW VOLATILITY | The low ATR as a percentage value for PAYX suggests low volalility. |
| Average Directional Index/ADX (14) | 23.12 | 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)
141.19
+0.67 (+0.48%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryProfessional Services
Performance
% Chg0.48%
1 Week1.33%
2 Weeks-4.59%
1 Month-1.47%
3 Month-6.9%
6 Month-3.78%
12 Month13.44%
2 Year15.51%
3 Year14.47%
5 Year84.63%
10 Year216.14%
15 Year467.26%
Volatility
ATR(14)2.36
ATR(20)%1.6%
ATR Inc-21.24%
Range Today1.63
ADR(20)2.17
ADR(20)%1.54%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS47.18
Mansfield-1.01
10 Day High148.11
10 Day Low138.22
20 Day High148.11
20 Day Low138.22
52 Week High161.24
52 Week Low123.13
CS1 End139.33
CR1 Start141.87
Volume & EV
DER(3)1.47%
DER(5)2.04%
Volume1.37M
Volume Incr-13.46%
Vol(5)1.93M
Vol(50)2.37M