When (PAYC) Moves Investors should Listen
June 23, 2024, 19:26 pm ET, BY William C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for PAYC
- Buy PAYC slightly over 139.65 target 173.85 stop loss @ 139.25 Details
The technical summary data tells us to buy PAYC near 139.65 with an upside target of 173.85. This data also tells us to set a stop loss @ 139.25 to protect against excessive loss in case the stock begins to move against the trade. 139.65 is the first level of support below 147.4 , and by rule, any test of support is a buy signal. In this case, support 139.65 is being tested, a buy signal would exist.
- Short PAYC slightly under 173.85, target 139.65, stop loss @ 174.35 Details
The technical summary data is suggesting a short of PAYC as it gets near 173.85 with a downside target of 139.65. We should have a stop loss in place at 174.35though. 173.85 is the first level of resistance above 147.4, and by rule, any test of resistance is a short signal. In this case, if resistance 173.85 is being tested, a short signal would exist.
Swing Trading Plans for PAYC
- Buy PAYC slightly over 173.85, target n/a, Stop Loss @ 173.35 Details
If 173.85 begins to break higher, the technical summary data tells us to buy PAYC just slightly over 173.85, with an upside target of n/a. The data also tells us to set a stop loss @ 173.35 in case the stock turns against the trade. 173.85 is the first level of resistance above 147.4, and by rule, any break above resistance is a buy signal. In this case, 173.85, 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 173.85, target 145.16, Stop Loss @ 174.35. Details
The technical summary data is suggesting a short of PAYC if it tests 173.85 with a downside target of 145.16. We should have a stop loss in place at 174.35 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, 173.85, 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 173.85, target n/a, Stop Loss @ 173.44 Details
If 173.85 begins to break higher, the technical summary data tells us to buy PAYC just slightly over 173.85, with an upside target of n/a. The data also tells us to set a stop loss @ 173.44 in case the stock turns against the trade. 173.85 is the first level of resistance above 147.4, and by rule, any break above resistance is a buy signal. In this case, 173.85, 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 173.85, target 146.52, Stop Loss @ 174.26. Details
The technical summary data is suggesting a short of PAYC if it tests 173.85 with a downside target of 146.52. We should have a stop loss in place at 174.26 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, 173.85, 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 June 23:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Weak |
Weak |
| P1 |
0 |
0 |
105.81 |
| P2 |
144.38 |
141.26 |
139.65 |
| P3 |
146.52 |
145.16 |
173.85 |
AI Generated Signals for PAYC
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 Paycom Software Inc. (NASDAQ: PAYC) report below is a real world example. Included are trading plans for PAYC, 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 PAYC:
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