PCTY Technical Analysis - PAYLOCITY HOLDING CORP

Technical Rating and Analysis

Taking everything into account, PCTY scores 0 out of 10 in our technical rating. PCTY'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.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

77% of all other stocks performed better in the past year than PCTY.

PCTY 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 PCTY has a been trading in the 163.59 - 182.83 range, which is quite wide. It is currently trading near the lows of this range.

PCTY is part of the Professional Services industry. There are 82 other stocks in this industry, PCTY did better than 62% of them.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

PAYLOCITY HOLDING CORP / PCTY Weekly stock chart

PAYLOCITY HOLDING CORP / PCTY Daily stock chart

Setup Rating and Analysis

The technical rating of PCTY is bad and it also does not present a quality setup 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

162.58

198.12

We can see 3 important resistance areas.

A resistance zone ranging from 173.06 to 173.81. 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 177.10 to 187.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @196.16 from a horizontal line in the daily time frame.

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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 PCTY is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for PCTY is down.
ChartMill Relative Strength	23.99	NEGATIVE	PCTY has a low relative strength, it was outperformed by 76.01% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of PCTY is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of PCTY is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of PCTY is below a declining SMA(200).
Relative Strength Index/RSI (14)	32.92	NEUTRAL	The RSI value for PCTY is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.82	NEGATIVE	The MACD value suggests PCTY has a negative trend, although the MACD value is rising.
Stochastics (14,3)	6.27	OVERSOLD	The low Stochastics value suggests PCTY may be oversold.
Average True Range in percent/ATR (20)	2.16	MEDIUM VOLATILITY	The ATR as a percentage value for PCTY suggests some volalility.
Average Directional Index/ADX (14)	21.35	NEUTRAL	The ADX value for PCTY suggests a possible start of a new trend.