May 19, 2019 - 4:30 AM EDT
Paychex $PAYX Technical Update
Paychex $PAYX Technical Update

The Paychex (NASDAQ: PAYX) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for PAYX, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.

Review the Trading Plans:

Technical Summary

Term →Near Mid Long
Bias Strong Neutral Neutral
P1 83.40 82.84 70.40
P2 85.37 84.89 80.12
P3 86.54 86.80 89.54

Long Term Trading Plans for PAYX

May 19, 2019, 4:30 am ET

The Technical Summary and Trading Plans for PAYX help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this PAYX Report.

PAYX - (Long) Support Plan

The technical summary data tells us to buy PAYX near 80.12 with an upside target of 89.54. This data also tells us to set a stop loss @ 79.86 to protect against excessive loss in case the stock begins to move against the trade. 80.12 is the first level of support below 86.27 , and by rule, any test of support is a buy signal. In this case, support 80.12 is being tested, a buy signal would exist.

PAYX - (Short) Resistance Plan

The technical summary data is suggesting a short of PAYX as it gets near 89.54 with a downside target of 80.12. We should have a stop loss in place at 89.8 though. 89.54 is the first level of resistance above 86.27, and by rule, any test of resistance is a short signal. In this case, if resistance 89.54 is being tested, a short signal would exist.


PAYX Long Term Analysis

PAYX EPS Analysis

PAYX Dividend Chart

PAYX Revenue chart

PAYX Growth rate - Quarterly

PAYX Growth rate - Yearly

PAYX PE chart

PAYX PEG chart


Source: Stock Traders Daily (May 19, 2019 - 4:30 AM EDT)