Trading (PAYC) With Integrated Risk Controls
December 21, 2023, 17:50 pm ET, BY Jeff W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for PAYC
- Buy PAYC slightly over 185.05 target 230.73 stop loss @ 184.52 Details
The technical summary data tells us to buy PAYC near 185.05 with an upside target of 230.73. This data also tells us to set a stop loss @ 184.52 to protect against excessive loss in case the stock begins to move against the trade. 185.05 is the first level of support below 206.6 , and by rule, any test of support is a buy signal. In this case, support 185.05 would be being tested, so a buy signal would exist.
- Short PAYC slightly under 230.73, target 185.05, stop loss @ 231.4 Details
The technical summary data is suggesting a short of PAYC as it gets near 230.73 with a downside target of 185.05. We should have a stop loss in place at 231.4though. 230.73 is the first level of resistance above 206.6, and by rule, any test of resistance is a short signal. In this case, if resistance 230.73 is being tested, so a short signal would exist.
Swing Trading Plans for PAYC
- Buy PAYC slightly over 211.99, target 230.73, Stop Loss @ 211.38 Details
If 211.99 begins to break higher, the technical summary data tells us to buy PAYC just slightly over 211.99, with an upside target of 230.73. The data also tells us to set a stop loss @ 211.38 in case the stock turns against the trade. 211.99 is the first level of resistance above 206.6, and by rule, any break above resistance is a buy signal. In this case, 211.99, 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 211.99, target 205.58, Stop Loss @ 212.6. Details
The technical summary data is suggesting a short of PAYC if it tests 211.99 with a downside target of 205.58. We should have a stop loss in place at 212.6 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, 211.99, 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 209.52, target 211.99, Stop Loss @ 209.03 Details
If 209.52 begins to break higher, the technical summary data tells us to buy PAYC just slightly over 209.52, with an upside target of 211.99. The data also tells us to set a stop loss @ 209.03 in case the stock turns against the trade. 209.52 is the first level of resistance above 206.6, and by rule, any break above resistance is a buy signal. In this case, 209.52, 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 209.52, target 205.87, Stop Loss @ 210.01. Details
The technical summary data is suggesting a short of PAYC if it tests 209.52 with a downside target of 205.87. We should have a stop loss in place at 210.01 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, 209.52, 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 December 21:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Weak |
| P1 |
0 |
0 |
185.05 |
| P2 |
205.87 |
205.58 |
230.73 |
| P3 |
209.52 |
211.99 |
277.76 |
AI Generated Signals for PAYC
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for PAYC:
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