The Greedy Trader Weekly Analysis
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Archive
- 6/7/2019
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Paychex Inc.
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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionBroken uptrend resistance line - uptrend exhaustionRelative Strength Index and Lane's Stochastic are overboughtWilliams' Percentage Range is strongly overbought
Daily :Williams' Percentage Range is overboughtThe price has risen above the Parabolic SARThe price touches the upper Bollinger Band
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It was a first positive week for the Paychex Inc. (PAYX). During the week, the PAYX gained 1.81 points, or 2.11%, and closed at 87.60 on Friday, June 7, 2019. It was the best weekly gain since April 26, 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 88.29 on June 7, 2019. PAYX gained -67.98 points, or -334.71%, in 535 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (41.36) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 88.29 on June 7, 2019. PAYX gained -63.17 points, or -251.47%, in 406 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (65.68) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since January 25, 2019. This is an indication that the medium-term trend is up. 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 June 3, 2019 at 83.97 and reached 88.29 on June 7, 2019. PAYX gained -4.32 points, or -5.14%, in 4 days. The price is now at the 15.97% retracement level.

Daily Technical Indicators: [See PAYX daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range.

The daily MACD line is below its signal line since May 24, 2019. The distance between MACD and the signal line is low and getting smaller.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

The price touches the upper Bollinger Band. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.98
Williams' Percentage Range (W%R) 14.40
Overbought
Lane's Stochastic (%D-Slow) 61.63
Greed/Fear Indicator (GFI) 68.41
Moving Average Converg./Diverg. (MACD) 0.90
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 81.72
Overbought
Williams' Percentage Range (W%R) 3.70
Strong Overbought
Lane's Stochastic (%D-Slow) 87.96
Overbought
Greed/Fear Indicator (GFI) 82.26
Overbought
Moving Average Converg./Diverg. (MACD) 3.59
Trading Signals
Description Value Chart
Upper Bollinger Band 87.70
Price 87.60
Weekly Stochastic Crossing 87.30
Daily Stochastic Crossing 87.17
20 Day Moving Average 85.91
Parabolic System 84.06
50 Day Moving Average 83.69
Lower Bollinger Band 83.61
Monthly Trendline Resistance 79.68
Quarterly Trendline Resistance 72.75
Sector and Industry
Description Name Rank
Sector Services 6
Industry Staffing/Outsourcing Svcs 88
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 83.97
Low Date 06/03/2019
High 88.29
High Date 06/07/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 61.32
Low Date 12/26/2018
High 88.29
High Date 06/07/2019
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 79.68
Support 63.35
Low 54.20
Low Date 08/11/2017
High 88.29
High Date 06/07/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 72.75
Support 65.68
Low 25.12
Low Date 08/22/2011
High 88.29
High Date 06/07/2019
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 40.67
Support 41.36
Low 20.31
Low Date 03/03/2009
High 88.29
High Date 06/07/2019
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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