PAYCOM SOFTWARE INC (PAYC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:PAYC - US70432V1026 - Common Stock
We assign a technical rating of 1 out of 10 to PAYC. PAYC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, PAYC does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 166.62. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 164.33, a Stop Loss order could be placed below this zone.
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157.61
When analyzing the support we notice one important area.
- A support zone ranging from 159.20 to 164.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 166.62 to 166.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 179.86 to 182.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @187.06 from a trend 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 PAYC is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PAYC is down. |
| ChartMill Relative Strength | 11.19 | NEGATIVE | PAYC has a low relative strength, it was outperformed by 88.81% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PAYC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PAYC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PAYC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.79 | NEUTRAL | The RSI value for PAYC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.79 | POSITIVE | The MACD value suggests PAYC has a positive trend. |
| Stochastics (14,3) | 66.59 | NEUTRAL | The Stochastics value for PAYC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.35 | MEDIUM VOLATILITY | The ATR as a percentage value for PAYC suggests some volalility. |
| Average Directional Index/ADX (14) | 28.92 | POSITIVE | The high ADX value value for PAYC suggests a strong trend. |
166.61
+0.53 (+0.32%)
PAYCOM SOFTWARE INC / PAYC FAQ
What is the ChartMill technical rating of PAYCOM SOFTWARE INC (PAYC) stock?
ChartMill assigns a technical rating of 1 / 10 to PAYC.
What is the trend direction for PAYC stock?
The current trend direction for PAYCOM SOFTWARE INC (PAYC) is Bearish.
What is the RSI signal for PAYCOM SOFTWARE INC (PAYC) stock?
PAYCOM SOFTWARE INC (PAYC) has an RSI value of 45.7921. This indicates that the stock is currently neutral.
Can you provide the short term momentum for PAYCOM SOFTWARE INC?
The short term momentum for PAYCOM SOFTWARE INC (PAYC) is negative.
Can you provide the buy/sell signal for PAYCOM SOFTWARE INC?
The buy/sell signal for PAYCOM SOFTWARE INC (PAYC) is sell as both the short term and long term trends are negative.