When (PCTY) Moves Investors should Listen
April 23, 2024, 18:22 pm ET, BY Momei- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for PCTY
- Buy PCTY slightly over 139.53 target 159.79 stop loss @ 139.13 Details
The technical summary data tells us to buy PCTY near 139.53 with an upside target of 159.79. This data also tells us to set a stop loss @ 139.13 to protect against excessive loss in case the stock begins to move against the trade. 139.53 is the first level of support below 158.88 , and by rule, any test of support is a buy signal. In this case, support 139.53 would be being tested, so a buy signal would exist.
- Short PCTY slightly under 159.79, target 139.53, stop loss @ 160.25 Details
The technical summary data is suggesting a short of PCTY as it gets near 159.79 with a downside target of 139.53. We should have a stop loss in place at 160.25though. 159.79 is the first level of resistance above 158.88, and by rule, any test of resistance is a short signal. In this case, if resistance 159.79 is being tested, so a short signal would exist.
Swing Trading Plans for PCTY
- Buy PCTY slightly over 159.79, target 160.06, Stop Loss @ 159.33 Details
If 159.79 begins to break higher, the technical summary data tells us to buy PCTY just slightly over 159.79, with an upside target of 160.06. The data also tells us to set a stop loss @ 159.33 in case the stock turns against the trade. 159.79 is the first level of resistance above 158.88, and by rule, any break above resistance is a buy signal. In this case, 159.79, 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 PCTY slightly near 159.79, target 153.65, Stop Loss @ 160.25. Details
The technical summary data is suggesting a short of PCTY if it tests 159.79 with a downside target of 153.65. We should have a stop loss in place at 160.25 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, 159.79, 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 PCTY
- Buy PCTY slightly over 159.18, target 159.79, Stop Loss @ 158.81 Details
If 159.18 begins to break higher, the technical summary data tells us to buy PCTY just slightly over 159.18, with an upside target of 159.79. The data also tells us to set a stop loss @ 158.81 in case the stock turns against the trade. 159.18 is the first level of resistance above 158.88, and by rule, any break above resistance is a buy signal. In this case, 159.18, 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 PCTY slightly near 159.18, target 153.65, Stop Loss @ 159.55. Details
The technical summary data is suggesting a short of PCTY if it tests 159.18 with a downside target of 153.65. We should have a stop loss in place at 159.55 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, 159.18, 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 Paylocity Holding Corporation (PCTY) available here: PCTY.
PCTY Ratings for April 23:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Weak |
Weak |
| P1 |
0 |
0 |
139.53 |
| P2 |
159.18 |
153.65 |
159.79 |
| P3 |
161.98 |
160.06 |
180.24 |
AI Generated Signals for PCTY
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Paylocity Holding Corporation (NASDAQ: PCTY) report below is a real world example. Included are trading plans for PCTY, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for PCTY:
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