Trading (PAYC) With Integrated Risk Controls

July 03, 2024, 17:40 pm ET, BY Joseph H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for PAYC

• Buy PAYC slightly over 135.28 target 168.64 stop loss @ 134.89 Details

The technical summary data tells us to buy PAYC near 135.28 with an upside target of 168.64. This data also tells us to set a stop loss @ 134.89 to protect against excessive loss in case the stock begins to move against the trade. 135.28 is the first level of support below 143.11 , and by rule, any test of support is a buy signal. In this case, support 135.28 is being tested, a buy signal would exist.

• Short PAYC slightly under 168.64, target 135.28, stop loss @ 169.13 Details

The technical summary data is suggesting a short of PAYC as it gets near 168.64 with a downside target of 135.28. We should have a stop loss in place at 169.13though. 168.64 is the first level of resistance above 143.11, and by rule, any test of resistance is a short signal. In this case, if resistance 168.64 is being tested, a short signal would exist.

Swing Trading Plans for PAYC

• Buy PAYC slightly over 143.76, target 168.64, Stop Loss @ 143.34 Details

If 143.76 begins to break higher, the technical summary data tells us to buy PAYC just slightly over 143.76, with an upside target of 168.64. The data also tells us to set a stop loss @ 143.34 in case the stock turns against the trade. 143.76 is the first level of resistance above 143.11, and by rule, any break above resistance is a buy signal. In this case, 143.76, 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 143.76, target 139.96, Stop Loss @ 144.18. Details

The technical summary data is suggesting a short of PAYC if it tests 143.76 with a downside target of 139.96. We should have a stop loss in place at 144.18 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, 143.76, 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 143.24, target 143.76, Stop Loss @ 142.91 Details

If 143.24 begins to break higher, the technical summary data tells us to buy PAYC just slightly over 143.24, with an upside target of 143.76. The data also tells us to set a stop loss @ 142.91 in case the stock turns against the trade. 143.24 is the first level of resistance above 143.11, and by rule, any break above resistance is a buy signal. In this case, 143.24, 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 143.24, target 141.29, Stop Loss @ 143.57. Details

The technical summary data is suggesting a short of PAYC if it tests 143.24 with a downside target of 141.29. We should have a stop loss in place at 143.57 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, 143.24, 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 July 03:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Weak
P1	0	0	102.37
P2	141.29	139.96	135.28
P3	143.24	143.76	168.64

AI Generated Signals for PAYC

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