PAYLOCITY HOLDING CORP (PCTY) Stock Technical Analysis
USA - NASDAQ:PCTY - US70438V1061 - Common Stock
We assign a technical rating of 0 out of 10 to PCTY. 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.
Although the technical rating is bad, PCTY does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 146.12. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 141.67, a Stop Loss order could be placed below this zone.
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137.03
When analyzing the support we can see 2 important areas.
- A support zone ranging from 141.26 to 141.67. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @138.41 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 6 important areas.
- A resistance zone ranging from 146.12 to 148.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 154.31 to 155.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @167.97 from a trend line in the weekly time frame.
- Resistance @171.04 from a trend line in the daily time frame.
- A resistance zone ranging from 183.21 to 185.20. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @196.16 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 PCTY is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PCTY is down. |
| ChartMill Relative Strength | 14.12 | NEGATIVE | PCTY has a low relative strength, it was outperformed by 85.88% 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) | 44.67 | NEUTRAL | The RSI value for PCTY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.13 | POSITIVE | The MACD value suggests PCTY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 71.18 | NEUTRAL | The Stochastics value for PCTY is a neutral value. |
| Average True Range in percent/ATR (20) | 3.23 | MEDIUM VOLATILITY | The ATR as a percentage value for PCTY suggests some volalility. |
| Average Directional Index/ADX (14) | 27.01 | POSITIVE | The high ADX value value for PCTY suggests a strong trend. |
145.32
-2.73 (-1.84%)
PAYLOCITY HOLDING CORP / PCTY FAQ
What is the ChartMill technical rating of PAYLOCITY HOLDING CORP (PCTY) stock?
ChartMill assigns a technical rating of 0 / 10 to PCTY.
Can you provide the trend direction for PAYLOCITY HOLDING CORP?
The current trend direction for PAYLOCITY HOLDING CORP (PCTY) is Bearish.
What is the RSI signal for PAYLOCITY HOLDING CORP (PCTY) stock?
PAYLOCITY HOLDING CORP (PCTY) has an RSI value of 44.6674. This indicates that the stock is currently neutral.
What is the short term momentum for PCTY stock?
The short term momentum for PAYLOCITY HOLDING CORP (PCTY) is negative.
What are the support and resistance levels for PAYLOCITY HOLDING CORP (PCTY) stock?
PAYLOCITY HOLDING CORP (PCTY) has a support level at 141.67 and a resistance level at 146.12. Check the full technical report for our detailed analysis of PCTY support and resistance levels.