PAYCHEX INC. - Daily - Technical analysis published on 01/14/2025 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
50%
17%
33%
My opinion
Bullish above 135.86 USD
My targets
142.64 USD (+1.57%)
148.73 USD (+5.90%)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on PAYCHEX INC. as long as the price remains well above 135.86 USD. The buyers' bullish objective is set at 142.64 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 148.73 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
4.6
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.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
PAYCHEX INC. rating 140.44 USD. The price is lower by -0.06% since the last closing and was traded between 139.85 USD and 141.54 USD over the period. The price is currently at +0.42% from its lowest and -0.78% from its highest.139.85
141.54
140.44
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this PAYCHEX INC. chart shows a bullish trend. The signals given by moving averages are 75.00% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bullish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near resistance of channel
Type : Bearish
Timeframe : Daily
Near resistance of triangle
Type : Bearish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
Price
S3 | S2 | S1 | Price | R1 | R2 | |
---|---|---|---|---|---|---|
ProTrendLines | 125.06 | 130.37 | 135.86 | 140.44 | 142.64 | 148.73 |
Change (%) | -10.95% | -7.17% | -3.26% | - | +1.57% | +5.90% |
Change | -15.38 | -10.07 | -4.58 | - | +2.20 | +8.29 |
Level | 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 | 136.28 | 137.30 | 138.92 | 139.94 | 141.56 | 142.58 | 144.20 |
Camarilla | 139.80 | 140.05 | 140.29 | 140.53 | 140.77 | 141.01 | 141.26 |
Woodie | 136.57 | 137.45 | 139.21 | 140.09 | 141.85 | 142.73 | 144.49 |
Fibonacci | 137.30 | 138.31 | 138.94 | 139.94 | 140.95 | 141.58 | 142.58 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 129.70 | 132.36 | 135.71 | 138.37 | 141.72 | 144.38 | 147.73 |
Camarilla | 137.41 | 137.96 | 138.51 | 139.06 | 139.61 | 140.16 | 140.71 |
Woodie | 130.05 | 132.53 | 136.06 | 138.54 | 142.07 | 144.55 | 148.08 |
Fibonacci | 132.36 | 134.66 | 136.07 | 138.37 | 140.67 | 142.08 | 144.38 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 124.56 | 130.20 | 135.21 | 140.85 | 145.86 | 151.50 | 156.51 |
Camarilla | 137.29 | 138.27 | 139.24 | 140.22 | 141.20 | 142.17 | 143.15 |
Woodie | 124.25 | 130.04 | 134.90 | 140.69 | 145.55 | 151.34 | 156.20 |
Fibonacci | 130.20 | 134.27 | 136.78 | 140.85 | 144.92 | 147.43 | 151.50 |
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): | 50.25 | |
MACD (12,26,9): | -0.5600 | |
Directional Movement: | -9.61 | |
AROON (14): | -35.72 | |
DEMA (21): | 139.33 | |
Parabolic SAR (0,02-0,02-0,2): | 142.22 | |
Elder Ray (13): | 0.84 | |
Super Trend (3,10): | 145.59 | |
Zig ZAG (10): | 140.55 | |
VORTEX (21): | 0.9300 | |
Stochastique (14,3,5): | 63.10 | |
TEMA (21): | 139.04 | |
Williams %R (14): | -30.66 | |
Chande Momentum Oscillator (20): | -0.99 | |
Repulse (5,40,3): | 0.3200 | |
ROCnROLL: | 1 | |
TRIX (15,9): | -0.0900 | |
Courbe Coppock: | 0.33 |
MA7: | 139.32 | |
MA20: | 139.72 | |
MA50: | 142.09 | |
MA100: | 138.50 | |
MAexp7: | 139.79 | |
MAexp20: | 140.15 | |
MAexp50: | 140.31 | |
MAexp100: | 137.52 | |
Price / MA7: | +0.80% | |
Price / MA20: | +0.52% | |
Price / MA50: | -1.16% | |
Price / MA100: | +1.40% | |
Price / MAexp7: | +0.46% | |
Price / MAexp20: | +0.21% | |
Price / MAexp50: | +0.09% | |
Price / MAexp100: | +2.12% |
Quotes :
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15 min delayed data
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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:
- Small Business Jobs and Wages Increase Modestly in March
- Paychex Named Among FORTUNE's Most Innovative Companies
- Paychex, Inc. Reports Third Quarter Results: Strong Revenue and Earnings Growth
- Paychex Charitable Foundation to Donate $1 Million to Mental Health America
- Paychex, Inc. Schedules Third Quarter Fiscal 2023 Earnings Conference Call for March 29, 2023
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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