(PAYX) Paychex Inc complete technical analysis [charts+indicators] | Buy/Sell Paychex Inc | (PAYX) share price targets
Complete technical analysis of Paychex Inc (PAYX) by charts plus indicators, forecast predictions and share price targets for Paychex Inc (PAYX)
Paychex Inc trades in USA in Consumer Services sector.
Showing technical analysis as on 2024-02-09 View latest technical analysis
10 day averaged volume of Paychex Inc is 1688430
| Date | Daily Closing Price | Open | High | Low | Volume |
| 09 Fri Feb 2024 | 123.03 | 123.01 | 123.25 | 121.84 | 1.016 times |
| 08 Thu Feb 2024 | 122.75 | 122.00 | 122.81 | 121.10 | 0.642 times |
| 07 Wed Feb 2024 | 122.10 | 122.95 | 123.19 | 121.65 | 0.836 times |
| 06 Tue Feb 2024 | 122.19 | 120.35 | 122.61 | 119.96 | 1.326 times |
| 05 Mon Feb 2024 | 119.89 | 121.32 | 121.34 | 119.42 | 0.985 times |
| 02 Fri Feb 2024 | 121.77 | 121.19 | 122.09 | 120.19 | 1.153 times |
| 01 Thu Feb 2024 | 121.10 | 121.78 | 122.01 | 119.23 | 1.236 times |
| 31 Wed Jan 2024 | 121.73 | 123.04 | 123.82 | 121.47 | 1.393 times |
| 30 Tue Jan 2024 | 122.42 | 120.39 | 122.54 | 120.24 | 0.856 times |
| 29 Mon Jan 2024 | 121.36 | 120.57 | 121.53 | 120.46 | 0.883 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 122.5, but if it comes below 122.5, then a intra day sell could be more profitable.
If you take a sell trade below 122.5, then use 122.5 as stoploss and 121.49 as target. However if you take a buy trade in stock , then use 122.5 as stoploss and 123.8 as target.
Share price targets for Paychex Inc (PAYX)
| Target Type | Value |
| Downside Target | 106.27 |
| Downside Target | 109.02 |
| Downside Target | 116.77 |
| Downside Target | 122.17 |
| Downside Target | 122.75 |
| Upside Target | 123.25 |
| Upside Target | 123.82 |
| Upside Target | 124.39 |
| Upside Target | 129.66 |
Intraday share price targets for Paychex Inc (PAYX)
| Target Type | Value |
| Downside Intraday Target | 120.55 |
| Downside Intraday Target | 118.07 |
| Upside Intraday Target | 124.38 |
| Upside Intraday Target | 125.73 |
| Downside Intraday Target | 121.9 |
Weekly technical analysis of Paychex Inc (PAYX)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 09 Fri Feb 2024 | 123.03 | 121.32 | 123.25 | 119.42 | 0.87 times |
| 02 Fri Feb 2024 | 121.77 | 120.57 | 123.82 | 119.23 | 1.098 times |
| 26 Fri Jan 2024 | 120.94 | 121.99 | 124.39 | 120.35 | 1.133 times |
| 19 Fri Jan 2024 | 122.09 | 119.36 | 122.75 | 118.64 | 7.248 times |
| 12 Fri Jan 2024 | 119.72 | 119.98 | 120.37 | 118.79 | 0.146 times |
Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.
Monthly technical analysis of Paychex Inc (PAYX)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 09 Fri Feb 2024 | 123.03 | 121.78 | 123.25 | 119.23 | 0.34 times |
| 31 Wed Jan 2024 | 121.73 | 118.84 | 124.39 | 116.77 | 0.755 times |
| 29 Fri Dec 2023 | 119.11 | 121.96 | 129.66 | 118.33 | 1.228 times |
| 30 Thu Nov 2023 | 121.97 | 109.36 | 122.17 | 106.27 | 1.108 times |
Scroll below to view daily charts
Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.
Indicators analysis of Paychex Inc (PAYX)
Price action analysis of Paychex Inc ( (PAYX) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Paychex Inc ( (PAYX) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
Price action analysis of Paychex Inc ( (PAYX) ) based on a short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Paychex Inc ( (PAYX) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
ADX buy sell signal for Paychex Inc stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.
MACD generated a BUY signal for Paychex Inc in short term and the buy signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Paychex Inc Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up
CCI has generated a buy signal for Paychex Inc in short term and BUY signal is strong.
RSI is generating a SELL signal in short term and selling is picking up momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling might be slowing down
Stock of Paychex Inc is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 121.79 and Paychex Inc (PAYX) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.
People seem to be coming out and selling the Paychex Inc (PAYX) stock. Volume based technical analysis of Paychex Inc (PAYX) stock is negative.
Paychex Inc Stock is giving positive returns over a short term period. Returns for a longer term period have been positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
Price action analysis of Paychex Inc ( (PAYX) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Paychex Inc ( (PAYX) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
Price action analysis of Paychex Inc ( (PAYX) ) based on a short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Paychex Inc ( (PAYX) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
ADX buy sell signal for Paychex Inc stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.
MACD generated a BUY signal for Paychex Inc in short term and the buy signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Paychex Inc Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up
CCI has generated a buy signal for Paychex Inc in short term and BUY signal is strong.
RSI is generating a SELL signal in short term and selling is picking up momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling might be slowing down
Stock of Paychex Inc is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 121.79 and Paychex Inc (PAYX) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.
People seem to be coming out and selling the Paychex Inc (PAYX) stock. Volume based technical analysis of Paychex Inc (PAYX) stock is negative.
Paychex Inc Stock is giving positive returns over a short term period. Returns for a longer term period have been positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.