Trading (PCTY) With Integrated Risk Controls

January 10, 2024, 14:28 pm ET, BY Bill- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for PCTY

• Buy PCTY slightly over 146.29 target 168.58 stop loss @ 145.87 Details

The technical summary data tells us to buy PCTY near 146.29 with an upside target of 168.58. This data also tells us to set a stop loss @ 145.87 to protect against excessive loss in case the stock begins to move against the trade. 146.29 is the first level of support below 160.1 , and by rule, any test of support is a buy signal. In this case, support 146.29 would be being tested, so a buy signal would exist.

• Short PCTY slightly under 168.58, target 146.29, stop loss @ 169.07 Details

The technical summary data is suggesting a short of PCTY as it gets near 168.58 with a downside target of 146.29. We should have a stop loss in place at 169.07though. 168.58 is the first level of resistance above 160.1, and by rule, any test of resistance is a short signal. In this case, if resistance 168.58 is being tested, so a short signal would exist.

Swing Trading Plans for PCTY

• Buy PCTY slightly over 163.08, target 168.58, Stop Loss @ 162.61 Details

If 163.08 begins to break higher, the technical summary data tells us to buy PCTY just slightly over 163.08, with an upside target of 168.58. The data also tells us to set a stop loss @ 162.61 in case the stock turns against the trade. 163.08 is the first level of resistance above 160.1, and by rule, any break above resistance is a buy signal. In this case, 163.08, 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 163.08, target 157.55, Stop Loss @ 163.55. Details

The technical summary data is suggesting a short of PCTY if it tests 163.08 with a downside target of 157.55. We should have a stop loss in place at 163.55 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, 163.08, 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 161.3, target 163.08, Stop Loss @ 160.92 Details

If 161.3 begins to break higher, the technical summary data tells us to buy PCTY just slightly over 161.3, with an upside target of 163.08. The data also tells us to set a stop loss @ 160.92 in case the stock turns against the trade. 161.3 is the first level of resistance above 160.1, and by rule, any break above resistance is a buy signal. In this case, 161.3, 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 161.3, target 157.55, Stop Loss @ 161.68. Details

The technical summary data is suggesting a short of PCTY if it tests 161.3 with a downside target of 157.55. We should have a stop loss in place at 161.68 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, 161.3, 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 January 10:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Weak
P1	0	0	146.29
P2	161.3	157.55	168.58
P3	164.14	163.08	191.79

AI Generated Signals for PCTY

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