APRIL SALE: Save over 60% on our Pro Plans!

PAYX climbs to highest close since March 22nd

Technical Analysis Report for PAYX - Apr 16, 2018 [1 min read]
PAYX pushes through key resistance level
PAYX pushes through 200-day moving average
PAYX pushes through previous session high
PAYX rises to highest close since March 22nd
PAYX still stuck within tight trading range
TQ Sentiment
Technical Forecast:

PAYX finished Monday at 62.24 gaining $0.75 (1.22%). Today's closing price of 62.24 marks the highest close since March 22nd. Closing above Friday's high at 62.18, the market confirms its breakout through the previous session's high having traded $0.30 above it intraday.

Daily chart for PAYX

Monday's trading range was $0.55 (0.89%), that's far below last trading month's daily average range of $1.49. Things look different on a weekly scale, where volatility is way below the markets average with the monthly volatility being slightly below average. Prices continued to consolidate within a tight trading range between 61.11 and 62.49 which it has been in now for the last trading week.


Breaking through the key resistance level at 62.15 today, it is now likely to act as support going forward.


Although the stock is experiencing a short-term up trend, this might just be a correction, as both the medium and long term trends are still in negative territory. Paychex Inc. managed to break above the 200-day moving average at 62.19 today for the first time since April 5th.

Order Flow

Buying could accelerate should prices move above the nearby swing high at 62.49 where further buy stops might get triggered. Selling could speed up should prices move below the close-by swing low at 61.26 where further sell stops might get activated. With prices trading close to this year's low at 59.36, downside momentum could accelerate should the share break out to new lows for the year.


While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bullish.

Report Market Conditions
Price broke through Technical Resistance R1 TQ Pro Members Only
Bullish Break through SMA 200 TQ Pro Members Only
Closed above last periods high TQ Pro Members Only
Close to Swing High TQ Pro Members Only
Close to Swing Low TQ Pro Members Only
More market conditions identified for TQ Pro members...
Learn more about TQ Pro
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when Paychex Inc. traded like this in the past. See the odds for each technical pattern with expected gain and loss.


Stocks Top Movers

USDJPY 109.430.61 0.56%
NKY 22,319.61104.29 0.47%
DXY 90.9550.415 0.46%
CRUDE 68.010.29 0.43%
INDU 24,083.8359.70 0.25%
GBPUSD 1.3932-0.0045 -0.32%
TBOND 141.750-0.594 -0.42%
GOLD 1,324.4-7.8 -0.59%
EURUSD 1.2161-0.0072 -0.59%
FTSE 7,379.32-46.08 -0.62%
Start your day with the facts moving the markets
By clicking "Subscribe", you agree to our terms and privacy policy.