Learn to Evaluate (PAYC) using the Charts

September 21, 2024, 11:24 am ET, BY Thomas H. Kee Jr- Editor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for PAYC

• Buy PAYC near 146.63 target 171.27 stop loss @ 146.21 Details

The technical summary data tells us to buy PAYC near 146.63 with an upside target of 171.27. This data also tells us to set a stop loss @ 146.21 to protect against excessive loss in case the stock begins to move against the trade. 146.63 is the first level of support below 170.24 , and by rule, any test of support is a buy signal. In this case, support 146.63 is being tested, a buy signal would exist.

• Short PAYC slightly under 171.27, target 146.63, stop loss @ 171.76 Details

The technical summary data is suggesting a short of PAYC as it gets near 171.27 with a downside target of 146.63. We should have a stop loss in place at 171.76though. 171.27 is the first level of resistance above 170.24, and by rule, any test of resistance is a short signal. In this case, if resistance 171.27 is being tested, a short signal would exist.

Swing Trading Plans for PAYC

• Buy PAYC slightly over 171.27, target 171.6, Stop Loss @ 170.78 Details

If 171.27 begins to break higher, the technical summary data tells us to buy PAYC just slightly over 171.27, with an upside target of 171.6. The data also tells us to set a stop loss @ 170.78 in case the stock turns against the trade. 171.27 is the first level of resistance above 170.24, and by rule, any break above resistance is a buy signal. In this case, 171.27, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short PAYC slightly near 171.27, target 146.63, Stop Loss @ 171.76. Details

The technical summary data is suggesting a short of PAYC if it tests 171.27 with a downside target of 146.63. We should have a stop loss in place at 171.76 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 171.27, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for PAYC

• Buy PAYC slightly over 170.26, target 171.27, Stop Loss @ 169.86 Details

If 170.26 begins to break higher, the technical summary data tells us to buy PAYC just slightly over 170.26, with an upside target of 171.27. The data also tells us to set a stop loss @ 169.86 in case the stock turns against the trade. 170.26 is the first level of resistance above 170.24, and by rule, any break above resistance is a buy signal. In this case, 170.26, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short PAYC slightly near 170.26, target 146.63, Stop Loss @ 170.66. Details

The technical summary data is suggesting a short of PAYC if it tests 170.26 with a downside target of 146.63. We should have a stop loss in place at 170.66 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 170.26, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for  Paycom Software Inc. (PAYC) available here: PAYC.

PAYC Ratings for September 21:

Term →	Near	Mid	Long
Rating	Strong	Strong	Weak
P1	0	0	121.45
P2	170.26	171.6	146.63
P3	173.09	177.48	171.27

AI Generated Signals for PAYC

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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet.  However, if we pay close attention we can see what is going on, and make good decisions.. The  Paycom Software Inc. (NASDAQ: PAYC) report below can help you understand how to do this. The trading plans for PAYC, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.