PAYCOM SOFTWARE INC (PAYC)
US70432V1026 - Common Stock
We assign a technical rating of 9 out of 10 to PAYC. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, PAYC is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
PAYC is one of the better performing stocks in the Professional Services industry, it outperforms 88% of 81 stocks in the same industry.
PAYC is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
PAYC 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 PAYC is one of the better performing stocks in the market, outperforming 86% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
Although PAYC has an excellent technical rating, the quality of the presented setup is not ideal 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.
More info and screens
165.05
233.41
3 important support areas can be observed.
- A support zone ranging from 216.91 to 219.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 169.83 to 170.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @166.72 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 228.76 to 231.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.65
Mansfield1.23
10 Day High231.1
10 Day Low213.07
20 Day High233.69
20 Day Low163.75
52 Week High233.69
52 Week Low139.5
Performance
1 Week1.05%
2 Weeks-0.07%
1 Month37.44%
3 Month39.08%
6 Month33.01%
12 Month27.19%
2 Year-33.05%
3 Year-48.11%
5 Year-17.99%
10 Year689.64%
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-1.01
RSI(14)72.73
LBB212.28
UBB234.67
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 |
|---|---|---|---|
| 231.11 | 216.90 | 14.21 (6.15%) | 16.26% |
| An entry @231.11. This is a Buy Stop order right above the resistance zone. | An exit @216.90. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 14.21 points, which is 6.15%. | For a 1.00% total portfolio risk, you can invest 16.26% of your capital in this trade. |
- 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.
PAYCOM SOFTWARE INC
NYSE:PAYC (11/21/2024, 8:04:00 PM)
After market: 227.02 0 (0%)227.02
+7.24 (+3.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryProfessional Services
Performance
% Chg3.29%
1 Week1.05%
2 Weeks-0.07%
1 Month37.44%
3 Month39.08%
6 Month33.01%
12 Month27.19%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)6.03
ATR(20)%3.59%
ATR Inc
Range Today6.76
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High231.1
10 Day Low213.07
20 Day High233.69
20 Day Low163.75
52 Week High233.69
52 Week Low139.5
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume396.80K
Volume Incr-39.19%
Vol(5)464.92K
Vol(50)646.35K