How the (PAYX) price action is used to our Advantage
March 30, 2024, 03:02 am ET, BY Christie- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for PAYX
- Buy PAYX slightly over 117.17 target 123.67 stop loss @ 116.83 Details
The technical summary data tells us to buy PAYX near 117.17 with an upside target of 123.67. This data also tells us to set a stop loss @ 116.83 to protect against excessive loss in case the stock begins to move against the trade. 117.17 is the first level of support below 122.8 , and by rule, any test of support is a buy signal. In this case, support 117.17 would be being tested, so a buy signal would exist.
- Short PAYX slightly under 123.67, target 117.17, stop loss @ 124.03 Details
The technical summary data is suggesting a short of PAYX as it gets near 123.67 with a downside target of 117.17. We should have a stop loss in place at 124.03though. 123.67 is the first level of resistance above 122.8, and by rule, any test of resistance is a short signal. In this case, if resistance 123.67 is being tested, so a short signal would exist.
Swing Trading Plans for PAYX
- Buy PAYX slightly over 123.67, target 130.01, Stop Loss @ 123.31 Details
If 123.67 begins to break higher, the technical summary data tells us to buy PAYX just slightly over 123.67, with an upside target of 130.01. The data also tells us to set a stop loss @ 123.31 in case the stock turns against the trade. 123.67 is the first level of resistance above 122.8, and by rule, any break above resistance is a buy signal. In this case, 123.67, 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 123.67, target 122.26, Stop Loss @ 124.03. Details
The technical summary data is suggesting a short of PAYX if it tests 123.67 with a downside target of 122.26. We should have a stop loss in place at 124.03 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, 123.67, 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 123.67, target 130.01, Stop Loss @ 123.38 Details
If 123.67 begins to break higher, the technical summary data tells us to buy PAYX just slightly over 123.67, with an upside target of 130.01. The data also tells us to set a stop loss @ 123.38 in case the stock turns against the trade. 123.67 is the first level of resistance above 122.8, and by rule, any break above resistance is a buy signal. In this case, 123.67, 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 123.67, target 122.76, Stop Loss @ 123.96. Details
The technical summary data is suggesting a short of PAYX if it tests 123.67 with a downside target of 122.76. We should have a stop loss in place at 123.96 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, 123.67, 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 Paychex Inc. (PAYX) available here: PAYX.
PAYX Ratings for March 30:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Strong |
| P1 |
0 |
0 |
117.17 |
| P2 |
120.47 |
119.54 |
123.67 |
| P3 |
122.76 |
122.26 |
130.01 |
AI Generated Signals for PAYX
Blue = Current Price
Red= Resistance
Green = Support
Real Time Updates for Repeat Institutional Readers:
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
Our Market Crash Leading Indicator isEvitar Corte.
Evitar Corte warned of market crash risk four times since 2000.
It identified the Internet Debacle before it happened.
It identified the Credit Crisis before it happened.
It identified the Corona Crash too.
See what Evitar Corte is Saying Now.
Get Notified When our Ratings Change:Take a Trial
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 Paychex Inc. (NASDAQ: PAYX) data table below can help you with price action, and we have more details too. Trading plans for PAYX 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.
Fundamental Charts for PAYX:
pool ads
