PAYLOCITY HOLDING CORP (PCTY) Stock Technical Analysis
NASDAQ:PCTY - Nasdaq - US70438V1061 - Common Stock - Currency: USD
Taking everything into account, PCTY scores 1 out of 10 in our technical rating. PCTY 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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the performance of all stocks over the past year, PCTY turns out to be only a medium performer in the overall market: it outperformed 63% of all stocks.
PCTY is an average performer in the Professional Services industry, it outperforms 69% of 82 stocks in the same industry.
PCTY is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PCTY is lagging the market.
In the last month PCTY has a been trading in the 172.34 - 186.30 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
PCTY has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 182.25. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 180.06, a Stop Loss order could be placed below this zone.
More info and screens
170.80
215.93
We found 2 important support areas.
- A support zone ranging from 177.99 to 180.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 172.53 to 174.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 182.25 to 184.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 187.86 to 190.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 194.78 to 196.16. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 201.05 to 201.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 211.16 to 213.79. 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 | 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 | 63.41 | NEUTRAL | PCTY is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of PCTY is above 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) | UP | MIXED | The current price of PCTY is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.77 | NEUTRAL | The RSI value for PCTY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.42 | POSITIVE | The MACD value suggests PCTY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 55.97 | NEUTRAL | The Stochastics value for PCTY is a neutral value. |
| Average True Range in percent/ATR (20) | 2.63 | MEDIUM VOLATILITY | The ATR as a percentage value for PCTY suggests some volalility. |
| Average Directional Index/ADX (14) | 24.18 | NEUTRAL | The ADX value for PCTY 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)
180.39
+3.23 (+1.82%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryProfessional Services
Performance
% Chg1.82%
1 Week-1.89%
2 Weeks0.46%
1 Month-0.87%
3 Month-1.95%
6 Month-8.43%
12 Month26.2%
2 Year-20.48%
3 Year-12.4%
5 Year35.43%
10 Year402.2%
15 YearN/A
Volatility
ATR(14)5.14
ATR(20)%2.63%
ATR Inc18.14%
Range Today4.31
ADR(20)4.61
ADR(20)%2.56%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS63.41
Mansfield-0.97
10 Day High186.3
10 Day Low175.45
20 Day High186.3
20 Day Low172.34
52 Week High223.8
52 Week Low140.06
CS1 End180.06
CR1 Start182.25
Volume & EV
DER(3)-0.56%
DER(5)0.43%
Volume313.90K
Volume Incr-31.6%
Vol(5)418.80K
Vol(50)501.29K