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.
- 85% of all other stocks performed better in the past year than PAYX.
- PAYX is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month PAYX has a been trading in the 107.80 - 116.67 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- PAYX has an average volume of 3239930 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 44% of 88 stocks in the same industry.
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 support zone below the current price at 108.60, a Stop Loss order could be placed below this zone.
More info and screens
107.38
When analyzing the support we notice one important area.
- A support zone ranging from 108.46 to 108.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 111.47 to 112.40. 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 115.45 to 116.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 | 15.15 | NEGATIVE | PAYX has a low relative strength, it was outperformed by 84.85% 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) | 45.8 | NEUTRAL | The RSI value for PAYX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests PAYX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 39.34 | NEUTRAL | The Stochastics value for PAYX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.08 | MEDIUM VOLATILITY | The ATR as a percentage value for PAYX suggests some volalility. |
| Average Directional Index/ADX (14) | 20.87 | NEUTRAL | The ADX value for PAYX suggests a possible start of a new trend. |
111.18
+0.67 (+0.61%)
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 45.8038. This indicates that the stock is currently neutral.
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 support level at 108.6 and a resistance level at 111.47. Check the full technical report for our detailed analysis of PAYX support and resistance levels.