PAYCHEX INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	PAYX
ISIN:

PAYCHEX INC. - Daily - Technical analysis published on 10/01/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

11%

My opinion

Bullish above 134.06 USD

My targets

141.98 USD (+1.79%)

146.57 USD (+5.07%)

My analysis

PAYCHEX INC. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 134.06 USD. The next resistance located at 141.98 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 146.57 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.2

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 139.49 USD. The price registered an increase of +3.95% on the session and was traded between 132.18 USD and 140.11 USD over the period. The price is currently at +5.53% from its lowest and -0.44% from its highest.

132.18

140.11

139.49

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Opening Gap UP

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

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

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this PAYCHEX INC. chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near support of channel

Type : Bullish

Timeframe : Daily

Horizontal support is broken

Type : Bearish

Timeframe : Daily

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Long white line

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	129.40	131.24	134.06	139.49
Change (%)	-7.23%	-5.91%	-3.89%	-
Change	-10.09	-8.25	-5.43	-
Level	Intermediate	Major	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	131.23	132.08	133.13	133.98	135.03	135.88	136.93
Camarilla	133.67	133.84	134.02	134.19	134.36	134.54	134.71
Woodie	131.34	132.13	133.24	134.03	135.14	135.93	137.04
Fibonacci	132.08	132.80	133.25	133.98	134.70	135.15	135.88

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	129.00	130.57	131.78	133.35	134.56	136.13	137.34
Camarilla	132.23	132.48	132.74	132.99	133.25	133.50	133.76
Woodie	128.82	130.48	131.60	133.26	134.38	136.04	137.16
Fibonacci	130.57	131.63	132.29	133.35	134.41	135.07	136.13

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	121.13	125.02	129.61	133.50	138.09	141.98	146.57
Camarilla	131.86	132.64	133.41	134.19	134.97	135.75	136.52
Woodie	121.47	125.20	129.95	133.68	138.43	142.16	146.91
Fibonacci	125.02	128.26	130.26	133.50	136.74	138.74	141.98

Numerical data

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

Technical indicators

Moving averages

RSI (14):	72.53
MACD (12,26,9):	1.7400
Directional Movement:	19.79
AROON (14):	100.00
DEMA (21):	135.51
Parabolic SAR (0,02-0,02-0,2):	132.14
Elder Ray (13):	2.16
Super Trend (3,10):	128.66
Zig ZAG (10):	139.00
VORTEX (21):	1.0400
Stochastique (14,3,5):	64.52
TEMA (21):	135.47
Williams %R (14):	-14.28
Chande Momentum Oscillator (20):	3.84
Repulse (5,40,3):	3.0400
ROCnROLL:	1
TRIX (15,9):	0.2000
Courbe Coppock:	2.56

MA7:	134.14
MA20:	133.42
MA50:	129.10
MA100:	125.06
MAexp7:	134.74
MAexp20:	133.14
MAexp50:	129.76
MAexp100:	126.41
Price / MA7:	+3.99%
Price / MA20:	+4.55%
Price / MA50:	+8.05%
Price / MA100:	+11.54%
Price / MAexp7:	+3.53%
Price / MAexp20:	+4.77%
Price / MAexp50:	+7.50%
Price / MAexp100:	+10.35%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

The last news published on PAYCHEX INC. at the time of the generation of this analysis was as follows:

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

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