PAYCHEX INC. - Daily - Technical analysis published on 10/28/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
56%
11%
33%
My opinion
Bullish above 81.77 USD
My targets
84.86 USD (+0.39%)
86.58 USD (+2.43%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on PAYCHEX INC.. This is a positive signal for buyers. As long as the price remains above 81.77 USD, a purchase could be considered. The first bullish objective is located at 84.86 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 86.58 USD as an objective. Crossing it would then enable buyers to target 87.80 USD. In the event of a return below 81.77 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
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
0
10
6.1
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The PAYCHEX INC. rating is 84.53 USD. The price is lower by -0.20% since the last closing and was between 84.09 USD and 84.97 USD. This implies that the price is at +0.52% from its lowest and at -0.52% from its highest.84.09
84.97
84.53
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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
Technical
A technical analysis in Daily of this PAYCHEX INC. chart shows a bullish trend. 78.57% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : Daily
In fact, 10 technical indicators on 18 studied are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of triangle
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 75.25 | 79.72 | 81.77 | 84.53 | 84.86 | 86.58 | 87.80 |
| Change (%) | -10.98% | -5.69% | -3.27% | - | +0.39% | +2.43% | +3.87% |
| Change | -9.28 | -4.81 | -2.76 | - | +0.33 | +2.05 | +3.27 |
| Level | Major | Intermediate | Major | - | Major | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 82.86 | 83.28 | 83.99 | 84.40 | 85.11 | 85.52 | 86.24 |
| Camarilla | 84.39 | 84.49 | 84.60 | 84.70 | 84.80 | 84.91 | 85.01 |
| Woodie | 83.02 | 83.35 | 84.14 | 84.47 | 85.26 | 85.60 | 86.39 |
| Fibonacci | 83.28 | 83.71 | 83.97 | 84.40 | 84.83 | 85.09 | 85.52 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 82.28 | 83.14 | 83.69 | 84.55 | 85.10 | 85.96 | 86.51 |
| Camarilla | 83.86 | 83.99 | 84.12 | 84.25 | 84.37 | 84.50 | 84.63 |
| Woodie | 82.13 | 83.07 | 83.54 | 84.48 | 84.95 | 85.89 | 86.36 |
| Fibonacci | 83.14 | 83.68 | 84.01 | 84.55 | 85.09 | 85.42 | 85.96 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 73.88 | 76.34 | 79.56 | 82.02 | 85.24 | 87.70 | 90.92 |
| Camarilla | 81.21 | 81.73 | 82.25 | 82.77 | 83.29 | 83.81 | 84.33 |
| Woodie | 74.25 | 76.53 | 79.93 | 82.21 | 85.61 | 87.89 | 91.29 |
| Fibonacci | 76.34 | 78.51 | 79.85 | 82.02 | 84.19 | 85.53 | 87.70 |
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): | 55.28 | |
| MACD (12,26,9): | 0.5200 | |
| Directional Movement: | -0.69 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 84.51 | |
| Parabolic SAR (0,02-0,02-0,2): | 85.19 | |
| Elder Ray (13): | 0.41 | |
| Super Trend (3,10): | 85.04 | |
| Zig ZAG (10): | 84.53 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 72.86 | |
| TEMA (21): | 84.79 | |
| Williams %R (14): | -24.48 | |
| Chande Momentum Oscillator (20): | 1.43 | |
| Repulse (5,40,3): | 0.7900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1000 | |
| Courbe Coppock: | 3.37 |
| MA7: | 84.32 | |
| MA20: | 83.81 | |
| MA50: | 82.64 | |
| MA100: | 83.51 | |
| MAexp7: | 84.33 | |
| MAexp20: | 83.84 | |
| MAexp50: | 83.27 | |
| MAexp100: | 82.61 | |
| Price / MA7: | +0.25% | |
| Price / MA20: | +0.86% | |
| Price / MA50: | +2.29% | |
| Price / MA100: | +1.22% | |
| Price / MAexp7: | +0.24% | |
| Price / MAexp20: | +0.82% | |
| Price / MAexp50: | +1.51% | |
| Price / MAexp100: | +2.32% |
News
The latest news and videos published on PAYCHEX INC. at the time of the analysis were as follows:
- Paychex Named to HRExaminer 2020 Watchlist for AI in HR
- One-in-Four Businesses Do Not Use Data Security Software to Defend Against Cyberthreats
- Paychex Declares Quarterly Dividend
- Paychex Wins "Awesome New Technologies for HR" Award
- Paychex, Inc. Reports First Quarter Results
This member declared not having a position on this financial instrument or a related financial instrument.
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