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 11/22/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

61%

33%

My opinion

Bullish above 141.82 USD

My targets

146.33 USD (+1.59%)

148.73 USD (+3.26%)

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 141.82 USD. The next resistance located at 146.33 USD is the next bullish target 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 148.73 USD. After this resistance, buyers could then target 150.71 USD.

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

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

The PAYCHEX INC. rating is 144.04 USD. The price registered a decrease of -0.04% on the session with the lowest point at 144.04 USD and the highest point at 145.51 USD. The deviation from the price is 0% for the low point and -1.01% for the high point.

144.04

145.51

144.04

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

The study of the highest / lowest by the Central Records scanner shows the following results:

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in 1H of this PAYCHEX INC. chart shows a bullish trend. The signals returned by the moving averages are 64.29% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The technical indicators are bullish. There is still some doubt about the price increase.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.

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

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Black hanging man / hammer

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	139.64	141.82	143.62	144.04	146.33	148.73	150.71
Change (%)	-3.05%	-1.54%	-0.29%	-	+1.59%	+3.26%	+4.63%
Change	-4.40	-2.22	-0.42	-	+2.29	+4.69	+6.67
Level	Intermediate	Intermediate	Minor	-	Minor	Major	Major

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	139.97	140.84	142.46	143.33	144.95	145.82	147.44
Camarilla	143.41	143.63	143.86	144.09	144.32	144.55	144.78
Woodie	140.36	141.03	142.85	143.52	145.34	146.01	147.83
Fibonacci	140.84	141.79	142.38	143.33	144.28	144.87	145.82

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	132.24	137.49	140.22	145.47	148.20	153.45	156.18
Camarilla	140.77	141.50	142.23	142.96	143.69	144.42	145.16
Woodie	130.99	136.86	138.97	144.84	146.95	152.82	154.93
Fibonacci	137.49	140.54	142.42	145.47	148.52	150.40	153.45

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	120.16	125.74	132.07	137.65	143.98	149.56	155.89
Camarilla	135.14	136.23	137.32	138.41	139.50	140.59	141.69
Woodie	120.55	125.93	132.46	137.84	144.37	149.75	156.28
Fibonacci	125.74	130.29	133.10	137.65	142.20	145.01	149.56

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	58.23
MACD (12,26,9):	0.5200
Directional Movement:	15.14
AROON (14):	64.29
DEMA (21):	143.93
Parabolic SAR (0,02-0,02-0,2):	145.51
Elder Ray (13):	0.49
Super Trend (3,10):	142.64
Zig ZAG (10):	144.12
VORTEX (21):	1.2000
Stochastique (14,3,5):	75.95
TEMA (21):	144.88
Williams %R (14):	-30.37
Chande Momentum Oscillator (20):	2.17
Repulse (5,40,3):	-0.1900
ROCnROLL:	1
TRIX (15,9):	0.0200
Courbe Coppock:	4.46

MA7:	143.05
MA20:	143.11
MA50:	139.48
MA100:	132.14
MAexp7:	144.28
MAexp20:	143.45
MAexp50:	143.52
MAexp100:	143.48
Price / MA7:	+0.69%
Price / MA20:	+0.65%
Price / MA50:	+3.27%
Price / MA100:	+9.01%
Price / MAexp7:	-0.17%
Price / MAexp20:	+0.41%
Price / MAexp50:	+0.36%
Price / MAexp100:	+0.39%

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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