Technical Analysis for PAYX - Paychex, Inc.

Grade Last Price % Change Price Change
C 120.16 1.48% 1.75
PAYX closed up 1.48 percent on Friday, May 31, 2024, on 2.21 times normal volume. The stock crossed above its 200 day moving average, improving its long-term outlook by crossing above that critical trendline. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Down Down

Date Alert Name Type % Chg
MACD Bearish Centerline Cross Bearish 0.00%
Bullish Engulfing Bullish 0.00%
Crossed Above 200 DMA Bullish 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
Multiple of Ten Bullish Other 0.00%
Oversold Stochastic Weakness 0.00%
Fell Below 200 DMA Bearish 1.48%
Stochastic Reached Oversold Weakness 1.48%
Down 3 Days in a Row Weakness 1.48%
Down 4 Days in a Row Weakness 1.48%

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Paychex, Inc. Description

Paychex, Inc., together with its subsidiaries, provides payroll, human resource, insurance, and benefits outsourcing solutions for small to medium-sized businesses in the United States and Germany. The company offers payroll processing services that include the calculation, preparation, and delivery of employee payroll checks; production of internal accounting records and management reports; preparation of federal, state, and local payroll tax returns; and collection and remittance of clients' payroll obligations. It also provides a software-as-a-service solution to meet the payroll and human resource administrative needs; a suite of self-service online payroll services and products, including Paychex Online Payroll, Internet time sheet, online reports, and general ledger reporting service; payroll tax administration services; employee payment services; and regulatory compliance services, such as new-hire reporting and garnishment processing. In addition, the company offers human resource outsourcing solutions that provide a package of services consisting of payroll, employer compliance, human resource and employee benefits administration, risk management outsourcing, and the on-site availability of a professionally trained human resource representative. Further, it provides retirement services administration; insurance agency services for property and casualty, business-owner, commercial auto, and health and benefits insurance products; online human resource administration software tools for managing employee benefits, personnel information, and human resource compliance and reporting; and other human resource services products, including employee handbooks, management manuals, and personnel and required regulatory forms. The company markets its services primarily through its direct sales force. As of May 31, 2013, it serviced approximately 570,000 payroll clients. The company was founded in 1971 and is headquartered in Rochester, New York.


Classification

Sector: Industrials
Industry: Business Services
Keywords: S&P 500 Nasdaq 100 Software As A Service Payment Services Human Resources Employee Benefits Regulatory Compliance Software Tools Employment Retirement Services Payroll Services Tax Return Compliance Services Payroll Payroll Processing Benefits Insurance Products E Payment Services Human Resource Services Regulatory Compliance Services

Is PAYX a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 127.6811
52 Week Low 103.8412
Average Volume 1,886,310
200-Day Moving Average 118.53
50-Day Moving Average 121.26
20-Day Moving Average 122.66
10-Day Moving Average 123.16
Average True Range 2.10
RSI (14) 44.44
ADX 19.49
+DI 21.91
-DI 28.35
Chandelier Exit (Long, 3 ATRs) 121.17
Chandelier Exit (Short, 3 ATRs) 122.52
Upper Bollinger Bands 128.16
Lower Bollinger Band 117.17
Percent B (%b) 0.27
BandWidth 8.96
MACD Line -0.05
MACD Signal Line 0.66
MACD Histogram -0.7094
Fundamentals Value
Market Cap 43.24 Billion
Num Shares 360 Million
EPS 4.50
Price-to-Earnings (P/E) Ratio 26.70
Price-to-Sales 8.59
Price-to-Book 12.56
PEG Ratio 3.01
Dividend 3.46
Dividend Yield 2.88%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 123.70
Resistance 3 (R3) 123.46 122.03 123.11
Resistance 2 (R2) 122.03 121.13 122.16 122.91
Resistance 1 (R1) 121.10 120.57 121.57 121.34 122.72
Pivot Point 119.67 119.67 119.91 119.80 119.67
Support 1 (S1) 118.74 118.77 119.21 118.98 117.60
Support 2 (S2) 117.31 118.21 117.44 117.41
Support 3 (S3) 116.38 117.31 117.21
Support 4 (S4) 116.62