The Greedy Trader Weekly Analysis
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Archive
- 8/9/2019 -
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Paychex Inc. (PAYX)

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Summary:
Weekly :Broken trend resistance lineBroken trend resistance line
Daily :Broken trend support line
Move cursor over the icon to see details.

It was the negative week for the Paychex Inc. (PAYX). During the week, the PAYX gave back -0.38 points, or -0.45%, and closed at 83.55 on Friday, August 9, 2019. PAYX was trading at average weekly trading volume.

Long-term trend: [See PAYX long-term trend chart]
A long-term uptrend had started on March 3, 2009 at 20.31 and reached 88.43 on June 11, 2019. PAYX gained -68.12 points, or -335.40%, in 536 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (41.71) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See PAYX medium-term trend chart]
A medium-term uptrend had started on August 22, 2011 at 25.12 and reached 88.43 on June 11, 2019. PAYX gained -63.31 points, or -252.03%, in 407 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (66.57) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See PAYX weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since June 21, 2019. Use the following link to access a MACD help.

Short-term trend: [See PAYX short-term trend chart]
A short-term uptrend had started on December 26, 2018 at 61.32 and reached 88.43 on June 11, 2019. PAYX gained -27.11 points, or -44.21%, in 167 days. The chart has formed a Rising Pennant chart pattern. The uptrend support line (86.22) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a short-term trend.

Daily Technical Indicators: [See PAYX daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since July 30, 2019. The distance between MACD and the signal line is low and getting smaller.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.12
Williams' Percentage Range (W%R) 39.70
Lane's Stochastic (%D-Slow) 36.24
Greed/Fear Indicator (GFI) 48.24
Moving Average Converg./Diverg. (MACD) -0.42
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.20
Williams' Percentage Range (W%R) 39.40
Lane's Stochastic (%D-Slow) 48.71
Greed/Fear Indicator (GFI) 52.50
Moving Average Converg./Diverg. (MACD) 3.32
Trading Signals
Description Value Chart
Upper Bollinger Band 87.06
Weekly Trendline Resistance 86.34
Weekly Trendline Support 86.22
50 Day Moving Average 85.13
Parabolic System 84.97
20 Day Moving Average 84.46
Weekly Stochastic Crossing 84.00
Price 83.55
Daily Stochastic Crossing 82.93
Lower Bollinger Band 81.22
Monthly Trendline Resistance 80.49
Quarterly Trendline Resistance 73.64
Sector and Industry
Description Name Rank
Sector Services 7
Industry Staffing/Outsourcing Svcs 67
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 88.43
High Date 06/11/2019
Low 80.36
Low Date 08/05/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Pennant
Status Broken Support
Resistance 86.34
Support 86.22
Low 61.32
Low Date 12/26/2018
High 88.43
High Date 06/11/2019
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 80.49
Support 64.17
Low 54.20
Low Date 08/11/2017
High 88.43
High Date 06/11/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 73.64
Support 66.57
Low 25.12
Low Date 08/22/2011
High 88.43
High Date 06/11/2019
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 40.82
Support 41.71
Low 20.31
Low Date 03/03/2009
High 88.43
High Date 06/11/2019
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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