We assign a technical rating of 2 out of 10 to PCTY. In the past year, PCTY was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
Although the technical rating is bad, PCTY does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 152.85. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 149.28, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
137.03
3 important support areas can be observed.
- A support zone ranging from 147.30 to 149.28. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 141.26 to 143.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @138.41 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 152.85 to 153.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @163.08 from a trend line in the weekly time frame.
- Resistance @183.21 from a horizontal line 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 | UP | POSITIVE | The short term trend for PCTY is up. |
| ChartMill Relative Strength | 19.02 | NEGATIVE | PCTY has a low relative strength, it was outperformed by 80.98% 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) | DOWN | MIXED | The current price of PCTY is above 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) | 61.15 | NEUTRAL | The RSI value for PCTY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.76 | POSITIVE | The MACD value suggests PCTY has a positive trend. |
| Stochastics (14,3) | 69.96 | NEUTRAL | The Stochastics value for PCTY is a neutral value. |
| Average True Range in percent/ATR (20) | 2.27 | MEDIUM VOLATILITY | The ATR as a percentage value for PCTY suggests some volalility. |
| Average Directional Index/ADX (14) | 15.53 | NEGATIVE | The low ADX value for PCTY suggests a weak or negative trend. |
152.84
+1.15 (+0.76%)
PAYLOCITY HOLDING CORP / PCTY FAQ
What is the ChartMill technical rating of PAYLOCITY HOLDING CORP (PCTY) stock?
ChartMill assigns a technical rating of 2 / 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 61.1529. 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 positive.
What are the support and resistance levels for PAYLOCITY HOLDING CORP (PCTY) stock?
PAYLOCITY HOLDING CORP (PCTY) has a support level at 149.28 and a resistance level at 152.85. Check the full technical report for our detailed analysis of PCTY support and resistance levels.