PAYLOCITY HOLDING CORP (PCTY) Stock Technical Analysis
NASDAQ:PCTY - Nasdaq - US70438V1061 - Common Stock - Currency: USD
Overall PCTY gets a technical rating of 8 out of 10. In the last year, PCTY was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
The long and short term trends are both positive. This is looking good!
PCTY is one of the better performing stocks in the Professional Services industry, it outperforms 76% of 82 stocks in the same industry.
PCTY is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so PCTY is performing more or less in line with the market.
PCTY is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
When comparing the yearly performance of all stocks, we notice that PCTY is one of the better performing stocks in the market, outperforming 84% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
Besides having an excellent technical rating, PCTY also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 194.78, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
170.80
220.05
When analyzing the support we can see 4 important areas.
- A support zone ranging from 193.15 to 194.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 189.60 to 189.68. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @182.41 from a trend line in the weekly time frame.
- A support zone ranging from 172.53 to 176.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 198.67 to 199.96. 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 213.79 to 217.87. 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 | UP | POSITIVE | The long term trend for PCTY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PCTY is up. |
| ChartMill Relative Strength | 84.52 | POSITIVE | PCTY has a high relative strength, it outperformed 84.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PCTY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PCTY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PCTY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.42 | NEUTRAL | The RSI value for PCTY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.37 | POSITIVE | The MACD value suggests PCTY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.67 | OVERBOUGHT | The high Stochastics value suggests PCTY may be overbought. |
| Average True Range in percent/ATR (20) | 2.65 | MEDIUM VOLATILITY | The ATR as a percentage value for PCTY suggests some volalility. |
| Average Directional Index/ADX (14) | 10.99 | NEGATIVE | The low ADX value for PCTY suggests a weak or negative 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 200.24 | 193.09 | 7.15 (3.57%) | 25.00% |
| An entry @200.24. This is a Buy Stop order right above the resistance zone. | An exit @193.09. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 7.15 points, which is 3.57%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.89%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
196.91
+0.37 (+0.19%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryProfessional Services
Performance
% Chg0.19%
1 Week-1.15%
2 Weeks1.74%
1 Month4.46%
3 Month-3.86%
6 Month-4.08%
12 Month28.16%
2 Year13.99%
3 Year12.61%
5 Year51.46%
10 Year488.14%
15 YearN/A
Volatility
ATR(14)4.32
ATR(20)%2.65%
ATR Inc-32.89%
Range Today2.32
ADR(20)5.11
ADR(20)%2.59%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.52
Mansfield0.8
10 Day High201.97
10 Day Low192.71
20 Day High201.97
20 Day Low180.33
52 Week High223.8
52 Week Low129.94
CS1 End194.78
CR1 Start198.34
Volume & EV
DER(3)-1.03%
DER(5)0.08%
Volume405.40K
Volume Incr-15.36%
Vol(5)340.78K
Vol(50)391.01K