How the (PCTY) price action is used to our Advantage

December 26, 2024, 22:06 pm ET, BY Bill- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for PCTY

• Buy PCTY near 180.74 target 204.47 stop loss @ 180.22 Details

The technical summary data tells us to buy PCTY near 180.74 with an upside target of 204.47. This data also tells us to set a stop loss @ 180.22 to protect against excessive loss in case the stock begins to move against the trade. 180.74 is the first level of support below 200.6 , and by rule, any test of support is a buy signal. In this case, support 180.74 is being tested, a buy signal would exist.

• Short PCTY slightly under 204.47, target 180.74, stop loss @ 205.06 Details

The technical summary data is suggesting a short of PCTY as it gets near 204.47 with a downside target of 180.74. We should have a stop loss in place at 205.06though. 204.47 is the first level of resistance above 200.6, and by rule, any test of resistance is a short signal. In this case, if resistance 204.47 is being tested, a short signal would exist.

Swing Trading Plans for PCTY

• Buy PCTY slightly over 204.47, target n/a, Stop Loss @ 203.88 Details

If 204.47 begins to break higher, the technical summary data tells us to buy PCTY just slightly over 204.47, with an upside target of n/a. The data also tells us to set a stop loss @ 203.88 in case the stock turns against the trade. 204.47 is the first level of resistance above 200.6, and by rule, any break above resistance is a buy signal. In this case, 204.47, 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 204.47, target 200.35, Stop Loss @ 205.06. Details

The technical summary data is suggesting a short of PCTY if it tests 204.47 with a downside target of 200.35. We should have a stop loss in place at 205.06 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, 204.47, 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 201.85, target 204.47, Stop Loss @ 201.38 Details

If 201.85 begins to break higher, the technical summary data tells us to buy PCTY just slightly over 201.85, with an upside target of 204.47. The data also tells us to set a stop loss @ 201.38 in case the stock turns against the trade. 201.85 is the first level of resistance above 200.6, and by rule, any break above resistance is a buy signal. In this case, 201.85, 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 PCTY slightly near 201.85, target 200.35, Stop Loss @ 202.32. Details

The technical summary data is suggesting a short of PCTY if it tests 201.85 with a downside target of 200.35. We should have a stop loss in place at 202.32 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, 201.85, 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  Paylocity Holding Corporation (PCTY) available here: PCTY.

PCTY Ratings for December 26:

Term →	Near	Mid	Long
Rating	Strong	Weak	Strong
P1	0	0	158.29
P2	198.27	194.77	180.74
P3	201.85	200.35	204.47

AI Generated Signals for PCTY

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Our job as #investors is to pay attention to the #stocks we own.  Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The  Paylocity Holding Corporation (NASDAQ: PCTY) data table below can help you with price action, and we have more details too. Trading plans for PCTY are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.