PAYCHEX INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

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Type:	Stocks
Ticker:	PAYX
ISIN:

PAYCHEX INC. - Daily - Technical analysis published on 02/28/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

50%

17%

33%

My opinion

Bullish above 116.03 USD

My targets

124.94 USD (+1.67%)

127.86 USD (+4.04%)

My analysis

The bullish trend is currently very strong on PAYCHEX INC.. As long as the price remains above the support at 116.03 USD, you could try to benefit from the boom. The first bullish objective is located at 124.94 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 127.86 USD as an objective. Crossing it would then enable buyers to target 133.37 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

6.4

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

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Additional analysis

Quotes

PAYCHEX INC. rating 122.89 USD. On the day, this instrument lost -0.01% and was traded between 122.39 USD and 123.40 USD over the period. The price is currently at +0.41% from its lowest and -0.41% from its highest.

122.39

123.40

122.89

Here is a more detailed summary of the historical variations registered by PAYCHEX INC.:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of PAYCHEX INC. in Daily shows a strongly overall bullish trend. 85.71% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, only 9 technical indicators out of 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	107.20	116.03	121.93	122.89	124.94	127.86	133.37
Change (%)	-12.77%	-5.58%	-0.78%	-	+1.67%	+4.04%	+8.53%
Change	-15.69	-6.86	-0.96	-	+2.05	+4.97	+10.48
Level	Intermediate	Major	Intermediate	-	Intermediate	Intermediate	Major

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	120.77	121.53	122.22	122.98	123.67	124.43	125.12
Camarilla	122.50	122.63	122.77	122.90	123.03	123.17	123.30
Woodie	120.73	121.51	122.18	122.96	123.63	124.41	125.08
Fibonacci	121.53	122.09	122.43	122.98	123.54	123.88	124.43

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	120.70	121.73	123.19	124.22	125.68	126.71	128.17
Camarilla	123.96	124.18	124.41	124.64	124.87	125.10	125.33
Woodie	120.91	121.84	123.40	124.33	125.89	126.82	128.38
Fibonacci	121.73	122.69	123.27	124.22	125.18	125.76	126.71

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	109.13	112.53	116.69	120.09	124.25	127.65	131.81
Camarilla	118.77	119.46	120.16	120.85	121.54	122.24	122.93
Woodie	109.51	112.72	117.07	120.28	124.63	127.84	132.19
Fibonacci	112.53	115.42	117.20	120.09	122.98	124.76	127.65

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	54.91
MACD (12,26,9):	0.8700
Directional Movement:	-2.99
AROON (14):	71.43
DEMA (21):	123.68
Parabolic SAR (0,02-0,02-0,2):	122.27
Elder Ray (13):	-0.13
Super Trend (3,10):	120.10
Zig ZAG (10):	123.15
VORTEX (21):	1.0500
Stochastique (14,3,5):	60.29
TEMA (21):	124.04
Williams %R (14):	-45.24
Chande Momentum Oscillator (20):	1.07
Repulse (5,40,3):	-0.1500
ROCnROLL:	1
TRIX (15,9):	0.1000
Courbe Coppock:	4.25

MA7:	123.82
MA20:	122.30
MA50:	120.99
MA100:	118.76
MAexp7:	123.32
MAexp20:	122.55
MAexp50:	121.19
MAexp100:	119.49
Price / MA7:	-0.75%
Price / MA20:	+0.48%
Price / MA50:	+1.57%
Price / MA100:	+3.48%
Price / MAexp7:	-0.35%
Price / MAexp20:	+0.28%
Price / MAexp50:	+1.40%
Price / MAexp100:	+2.85%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

Don't forget to follow the news on PAYCHEX INC.. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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