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PAYCHEX INC.
PAYCHEX INC.
- USD (-)
- 15 min delayed data - NASDAQ Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: PAYX
ISIN:

PAYCHEX INC. - 1H - Technical analysis published on 10/23/2024 (GMT)

  • 120
  • 0
  • Timeframe : 1H
  • - Analysis generated on
  • Status : NEUTRAL

Summary of the analysis

Trends
Short term: Neutral
Underlying: Slightly bullish
Technical indicators
39%
11%
50%
My opinion
Neutral between 136.98 USD and 142.35 USD
My targets
-
My analysis
The neutral short-term trend shows a weakening of the basic, slightly bullish trend on PAYCHEX INC.. It is difficult to advise a trading direction under these conditions. The first resistance is located at 142.35 USD. The first support is located at 136.98 USD. We can stay away while waiting for a more pronounced price movement on this instrument. A new analysis could then be produced that would give clearer signals.

In the very short term, technical indicators are bullish and could soon allow change to a bullish sentiment.

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.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The PAYCHEX INC. rating is 141.22 USD. On the day, this instrument lost -0.09% and was between 140.01 USD and 141.91 USD. This implies that the price is at +0.86% from its lowest and at -0.49% from its highest.

140.01
141.91
141.22

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of PAYCHEX INC. in 1H shows an overall slightly bullish trend. 60.71% of the signals given by moving averages are bullish. As the signals currently given by short-term moving averages are rather neutral, the slightly bullish trend could return to neutral. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : 1 hour



Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour


Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour


Ichimoku : price is over the cloud

Type : Bullish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly


Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : 1 hour



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Central Candlesticks

Bearish harami

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
ProTrendLines 134.89 136.98 140.82 141.22 142.35 144.17
Change (%) -4.48% -3.00% -0.28% - +0.80% +2.09%
Change -6.33 -4.24 -0.40 - +1.13 +2.95
Level Minor Minor Minor - Major Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard137.96138.75140.05140.84142.14142.93144.23
Camarilla140.77140.96141.15141.34141.53141.72141.92
Woodie138.21138.88140.30140.97142.39143.06144.48
Fibonacci138.75139.55140.05140.84141.64142.14142.93


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard133.09135.84138.68141.43144.27147.02149.86
Camarilla139.99140.51141.02141.53142.04142.56143.07
Woodie133.15135.86138.74141.45144.33147.04149.92
Fibonacci135.84137.97139.29141.43143.56144.88147.02


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard121.13125.02129.61133.50138.09141.98146.57
Camarilla131.86132.64133.41134.19134.97135.75136.52
Woodie121.47125.20129.95133.68138.43142.16146.91
Fibonacci125.02128.26130.26133.50136.74138.74141.98

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): 46.61
MACD (12,26,9): -0.1200
Directional Movement: -11.41
AROON (14): 57.14
DEMA (21): 141.07
Parabolic SAR (0,02-0,02-0,2): 139.87
Elder Ray (13): 0.28
Super Trend (3,10): 142.04
Zig ZAG (10): 141.03
VORTEX (21): 0.9200
Stochastique (14,3,5): 72.97
TEMA (21): 140.92
Williams %R (14): -34.53
Chande Momentum Oscillator (20): -0.28
Repulse (5,40,3): 0.2700
ROCnROLL: -1
TRIX (15,9): -0.0200
Courbe Coppock: 0.45
MA7: 141.69
MA20: 139.38
MA50: 134.23
MA100: 127.97
MAexp7: 141.14
MAexp20: 141.23
MAexp50: 141.12
MAexp100: 140.11
Price / MA7: -0.33%
Price / MA20: +1.32%
Price / MA50: +5.21%
Price / MA100: +10.35%
Price / MAexp7: +0.06%
Price / MAexp20: -0.01%
Price / MAexp50: +0.07%
Price / MAexp100: +0.79%

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.

About author

Londinia
Londinia AI

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