PAYCHEX INC (PAYX) Stock Technical Analysis
NASDAQ:PAYX • US7043261079
Taking everything into account, PAYX scores 0 out of 10 in our technical rating. 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, PAYX is a bad performer in the overall market: 87% 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 91.70 - 111.92 range, which is quite wide. It is currently trading near the lows of this range.
- PAYX has an average volume of 3667040 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- PAYX is part of the Professional Services industry. There are 89 other stocks in this industry, PAYX did better than 46% of them.
The technical rating of PAYX is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
91.55
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 98.24 to 99.03. 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 106.87 to 108.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @113.39 from a horizontal line in the daily time frame.
- Resistance @116.70 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 | 13.39 | NEGATIVE | PAYX has a low relative strength, it was outperformed by 86.61% 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) | 21.49 | OVERSOLD | The low RSI value suggests PAYX may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.67 | NEGATIVE | The MACD value suggests PAYX has a negative trend. |
| Stochastics (14,3) | 13.53 | OVERSOLD | The low Stochastics value suggests PAYX may be oversold. |
| Average True Range in percent/ATR (20) | 2.98 | MEDIUM VOLATILITY | The ATR as a percentage value for PAYX suggests some volalility. |
| Average Directional Index/ADX (14) | 45.5 | POSITIVE | The high ADX value value for PAYX suggests a strong trend. |
92.47
-2.37 (-2.5%)
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 current trend direction of PAYCHEX INC (PAYX) stock?
The current trend direction for PAYCHEX INC (PAYX) is Bearish.
What is the RSI signal for PAYX stock?
PAYCHEX INC (PAYX) has an RSI value of 21.4937. This indicates that the stock is currently oversold.
What is the short term momentum for PAYX stock?
The short term momentum for PAYCHEX INC (PAYX) is negative.
Can you provide the support and resistance levels for PAYCHEX INC?
PAYCHEX INC (PAYX) has a resistance level at 98.24. Check the full technical report for our detailed analysis of PAYX support and resistance levels.