PAYX NEWS why is Paychex, Inc. price falling or rising

PAYX NEWS reasons for why stock price of Paychex, Inc. is falling or rising

PAYX Paychex Inc is falling or rising technical reasons

Technical analysis forecast for Paychex Inc Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Paychex Inc PAYX at this time. Stock is falling and might fall more.

It appears as if Paychex Inc PAYX gave a large move recently.

Stock of Paychex Inc (PAYX) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Paychex Inc is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Paychex Inc stays below 118.5, but if it comes above 118.5, then a intra day buy could be more profitable.
If you take a sell trade below 118.5, then use 118.5 as stoploss and 115.8 as target. However if you take a buy trade in Paychex Inc, then use 118.5 as stoploss and 120.74 as target.

PAYX Paychex Inc is falling or rising NEWS fundamental reasons

More announcements and NEWS

PAYX Paychex, Inc. current price & indicator signals

Moving Averages for Paychex, Inc.

  • 5Day Average: 119.49
  • 12Day Average: 120.1
  • 20Day Average: 121.47
  • 50Day Average: 121.53
  • 100Day Average: 121.56
  • 150Day Average: 120.23
  • 200Day Average: 120.31

PAYX Indicators & signals

Indicator MACD (12,26,9)

120.27, 120.94, -0.37
Indicator MACD is in negative zone

Indicator ADX (14)

13.79, 21.83, 28.82
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 47
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of PAYX Paychex, Inc. are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
02 Thu May 2024 118.45 117.15 to 119.61 -0.8% 0.8 times
01 Wed May 2024 119.41 118.87 to 122.11 0.51% 0.79 times
30 Tue Apr 2024 118.81 118.70 to 120.47 -1.66% 0.91 times
29 Mon Apr 2024 120.81 120.09 to 121.03 0.7% 1.04 times
26 Fri Apr 2024 119.97 119.85 to 122.19 -1.64% 1.29 times
25 Thu Apr 2024 121.97 121.27 to 123.97 -0.45% 0.65 times
24 Wed Apr 2024 122.52 120.42 to 122.68 0.74% 0.97 times
23 Tue Apr 2024 121.62 120.71 to 122.09 0.32% 0.66 times
22 Mon Apr 2024 121.23 119.84 to 122.02 1.43% 1.03 times
19 Fri Apr 2024 119.52 117.79 to 119.85 1.47% 1.42 times
18 Thu Apr 2024 117.79 117.74 to 119.78 -1.13% 1.24 times
17 Wed Apr 2024 119.14 119.07 to 121.49 -1.65% 1.23 times

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PAYX NEWS why is Paychex, Inc. price falling or rising

 

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