Paychex $PAYX Trading Report
The Paychex (NASDAQ: PAYX) update and the technical summary table below can help you manage risk and optimize returns. Here we provide day, swing, and longer-term trading plans for PAYX, and we cover 1000 other stocks too. This is a snapshot, it was real-time when the report was published, but prices change and so do support and resistance levels. Update this report, and get unlimited real time reports here Unlimited Real Time Reports.
Review the PAYX Trading Plans:
Long Term Trading Plans for PAYX
September 26, 2020, 8:45 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 69.17 with an upside target of 77.80. This data also tells us to set a stop loss @ 68.97 to protect against excessive loss in case the stock begins to move against the trade. 69.17 is the first level of support below 77.7 , and by rule, any test of support is a buy signal. In this case, support 69.17 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 77.80 with a downside target of 69.17. We should have a stop loss in place at 78.02 though. 77.80 is the first level of resistance above 77.7, and by rule, any test of resistance is a short signal. In this case, if resistance 77.80 is being tested, a short signal would exist.