Paychex PAYX Trading Report

Longer Term Trading Plans for PAYX
  • Buy PAYX slightly over 120.83 target 131.69 stop loss @ 120.48 Details
  • The technical summary data tells us to buy PAYX near 120.83 with an upside target of 131.69. This data also tells us to set a stop loss @ 120.48 to protect against excessive loss in case the stock begins to move against the trade. 120.83 is the first level of support below 123.16 , and by rule, any test of support is a buy signal. In this case, support 120.83 is being tested, a buy signal would exist.

  • Short PAYX slightly under 131.69, target 120.83, stop loss @ 132.07 Details
  • The technical summary data is suggesting a short of PAYX as it gets near 131.69 with a downside target of 120.83. We should have a stop loss in place at 132.07though. 131.69 is the first level of resistance above 123.16, and by rule, any test of resistance is a short signal. In this case, if resistance 131.69 is being tested, a short signal would exist.

Swing Trading Plans for PAYX
  • Buy PAYX slightly over 124.72, target 131.69, Stop Loss @ 124.36 Details
  • If 124.72 begins to break higher, the technical summary data tells us to buy PAYX just slightly over 124.72, with an upside target of 131.69. The data also tells us to set a stop loss @ 124.36 in case the stock turns against the trade. 124.72 is the first level of resistance above 123.16, and by rule, any break above resistance is a buy signal. In this case, 124.72, 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 PAYX slightly near 124.72, target 121.18, Stop Loss @ 125.08. Details
  • The technical summary data is suggesting a short of PAYX if it tests 124.72 with a downside target of 121.18. We should have a stop loss in place at 125.08 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, 124.72, 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 PAYX
  • Buy PAYX slightly over 123.75, target 124.72, Stop Loss @ 123.46 Details
  • If 123.75 begins to break higher, the technical summary data tells us to buy PAYX just slightly over 123.75, with an upside target of 124.72. The data also tells us to set a stop loss @ 123.46 in case the stock turns against the trade. 123.75 is the first level of resistance above 123.16, and by rule, any break above resistance is a buy signal. In this case, 123.75, 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 PAYX slightly near 123.75, target 122.27, Stop Loss @ 124.04. Details
  • The technical summary data is suggesting a short of PAYX if it tests 123.75 with a downside target of 122.27. We should have a stop loss in place at 124.04 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, 123.75, 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.

PAYX Ratings for November 24:

Term →Near Mid Long
Rating Neutral Strong Neutral
P1 0 0 109.95
P2 122.27 121.18 120.83
P3 123.75 124.72 131.69
Triggers may have already come
Real Time Updates for Repeat Institutional Readers:

Factset: A username and password has been assigned to repeat institutional readers of our research though the Factset Portal. Use that for direct access, so you can get real time updates for PAYX.

Bloomberg, Reuters, Refinitiv, Zacks, or IB users can obtain these same updates by using the link below, and selecting a username and password manually.

Instructions:
  • Click the Get Real Time Updates button below.

  • In the login prompt, select forgot username

  • Type the email you use for Factset

  • Use the user/pass you receive to login

  • You will have 24/7 access to real time updates.

From then on you can just click to get the real time update whenever you want.

GET REAL TIME UPDATES

Price Based + Macro = Get an Edge on the Competition
  • Price matters most to making good timing decisions, and the MACRO picture defines how restrictive you need to be with entry levels. Together, these are powerful.

  • Review our Global Liquidity Report from December 2021 to see how our Macro work can foretell future market conditions. Look for the word “Volatility.”

Our Market Crash Leading Indicator is Evitar Corte.
  • Evitar Corte warned of market crash risk four times since 2000.

  • Using the FOMCs Monetary Policy as a key variable in the quant.

  • It identified the Internet Debacle before it happened.

  • It identified the Credit Crisis before it happened.

  • It also offered a warning prior to that period of time in 2019 when overnight lending spiked to 8.5%, but that amounted to nothing, and the conditions to become exposed resurfaced in Oct-Nov 2019.

  • It identified the Corona Crash too, and protected investors from 21% of that loss.

  • See what Evitar Corte is Saying Now.

Get Notified When our Ratings Change: Take a Trial

Chart of PAYX with Longer Term Pivots

Blue = Current Price
Red= Resistance
Green = Support


PAYX Long Term Analysis for November 24 2022

This Paychex (NASDAQ: PAYX) trading report incorporates analysis also used by some of the biggest funds in the world.  Review the technical takeaways closely.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for PAYX change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if PAYX is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for PAYX too.  All of these are offered below the Summary Table.

Graph of Evitar Corte vs S&P 500

AD