Paycom Software, Inc. provides comprehensive, cloud-based human capital management (HCM) software solutions delivered as SAAS. It is a growth company with consistent growth figures due to high demand.
Pretty keen moment seeing PAYC break the downtrending channel it's been in. Regained its 50 day sma.
Could rise to 410 pretty quick if this isn't a headfake.
As can be seen, PAYC has been declining in a pretty wide channel, and broke down from it's March 2020 trendline (follow my other charts to see how effective this is) and now faces coming back up against it as resistance:
Bullish despite all this. They recovered their 200 day SMA, which was a true buy-the-dip moment. MACD looks good too.
Hello fellow traders and investors, PAYC recently pulled back to the trendline that acts as a support and PAYC does a very good job of making a full recovery to the upper trendline.
Technicals:
The Macd indicates that it is oversold
The EMA's indicate that it is in a downtrend
When To Buy:
When the Macd crosses its EMA
When the EMA's crossover indicating...
PAYC confirmed the " Cup and Handle " pattern at $350, I opened Long here.
PAYC buy : $350
PAYC target : $480
Stop loss : $330 or 6-7%.
Wish you a good deal!
What's going on traders? Hope you all had a Happy season. Today, we are looking at Paycom Software NYSE:PAYC and it looks as if it had a nice correction in price recently. The stock was trading at a recent high of $471.08 before dropping nearly 13% to 411.13. That area also lines up with previous resistance areas which could be acting as support now. Since then...
PAYC finally hit long entry level
Then pulled back under it again
A little too much green leading up to break out level but no rising wedges noted
Tough time to be trading
Keeping an eye on this one though
Strong stock
Volatile as a volcano though so no telling what this will do tomorrow!
NV is high
Not a recommendation
$PAYC is forming a nice cup & handle which should make a nice move to the upside & take us above to new highs. I am looking for breakout above trend line as a trigger for the trade below.
Trade: BTO $PAYC 9/18 $320c avg $5.30
Known to be volatile. PAYC looks to be fighting hard resistance (R) at 311ish
Strong S (support) noted at 276ish
I would put my stop under mid cup on this one due to volatility level.
Not a recommendation
I found this pattern at tickeron website with the following data:
Rectangle Top Bullish - Emerged on Aug 13, 2020
Current confidence to reach target price = 64%
Distance to target price = 3%
Breakout (Entry) price = 302.24USD
Target (Exit) price = 319.56USD
EMERGED ON Aug 13, 2020
PRICE = 301.88USD
CONFIDENCE TO SUCCEED = 63%
CONFIRMED ON Aug 14, 2020
PRICE =...
