PAYLOCITY HOLDING CORP (PCTY) Stock Technical Analysis
NASDAQ:PCTY - Nasdaq - US70438V1061 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to PCTY. Although PCTY is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
In the last month PCTY has a been trading in the 180.88 - 201.62 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
When comparing the yearly performance of all stocks, we notice that PCTY is one of the better performing stocks in the market, outperforming 78% of all stocks.
PCTY is one of the better performing stocks in the Professional Services industry, it outperforms 76% of 82 stocks in the same industry.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
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.
The technical rating of PCTY 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
170.80
215.93
When analyzing the support we can see 3 important areas.
- Support @181.94 from a trend line in the weekly time frame.
- Support @178.35 from a trend line in the daily time frame.
- 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 3 important areas.
- A resistance zone ranging from 189.59 to 196.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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.
- Resistance @213.79 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 | NEUTRAL | NEUTRAL | The long term trend for PCTY is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PCTY is down. |
| ChartMill Relative Strength | 78.6 | POSITIVE | PCTY has a high relative strength, it outperformed 78.6% 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) | UP | MIXED | The current price of PCTY is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 35.21 | NEUTRAL | The RSI value for PCTY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.43 | NEGATIVE | The MACD value suggests PCTY has a negative trend. |
| Stochastics (14,3) | 10.57 | OVERSOLD | The low Stochastics value suggests PCTY may be oversold. |
| Average True Range in percent/ATR (20) | 2.26 | MEDIUM VOLATILITY | The ATR as a percentage value for PCTY suggests some volalility. |
| Average Directional Index/ADX (14) | 16.21 | 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)
181.98
-4.1 (-2.2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryProfessional Services
Performance
% Chg-2.2%
1 Week-6.06%
2 Weeks-3.83%
1 Month-8.77%
3 Month-2.29%
6 Month-9.09%
12 Month30.7%
2 Year-1.38%
3 Year4.33%
5 Year24.74%
10 Year407.62%
15 YearN/A
Volatility
ATR(14)4.6
ATR(20)%2.26%
ATR Inc-6.1%
Range Today5.27
ADR(20)4.04
ADR(20)%2.22%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.6
Mansfield-0.45
10 Day High197.32
10 Day Low180.88
20 Day High201.62
20 Day Low180.88
52 Week High223.8
52 Week Low129.94
CS1 End181.94
CR1 Start189.59
Volume & EV
DER(3)-0.38%
DER(5)0.36%
Volume528.90K
Volume Incr36.88%
Vol(5)556.94K
Vol(50)436.40K