Hi guys! As always, im looking for macro trends/ signals and critical movements/ developments in the markets.
What caught my eye is PAYX.
Today it gets the focus as it had Q3 revenue miss and its down 6% pre-market.
With panic coming in, ill go over technical developments and the big picture.
Lets jump in. We are in the 1 week timeframe (note this weeks candle...
If you haven`t bought the dip on PAYX:
Then analyzing the options chain and the chart patterns of PAYX Paychex prior to the earnings report this week,
I would consider purchasing the 125usd strike price Calls with
an expiration date of 2024-4-19,
for a premium of approximately $2.72.
If these options prove to be profitable prior to the earnings release, I would...
If you haven`t bought the dip on PAYX:
Then analyzing the options chain and the chart patterns of PAYX Paychex prior to the earnings report this week,
I would consider purchasing the 125usd strike price Calls with
an expiration date of 2024-9-20,
for a premium of approximately $5.35.
If these options prove to be profitable prior to the earnings release, I would...
Paychex Inc. NASDAQ:PAYX has seen some positive technical developments in recent months, suggesting potential for upward momentum. Here's a breakdown of the key points:
Bullish Technical Signals:
Golden Cross: On the week of July 24th, 2023, the 50-day SMA crossed above the 200-day SMA, indicating a potential shift in sentiment from short-term to long-term...
Buying from that area , going up to 124.50 first TP 126.00 second TP
The Company is performing really well on the fundamental side , good quarterly results and we can see bullish market structure on 1H chart.
Fundamentally The Company have a really good quarterly results and is looking cheap at this price. Technically we can see buying pressure from good area of support. Price might go as high as 128.50/129.50 $ before next quarterly results.
AT A GLANCE
Simplistic Analysis: reversion back to the mean/centerline.
Trade Type: Touch & Go don't wait for a close.
Research Depth: technical glance only.
Earnings Anticipations: positive surprises for EPS & Revenues.
Earnings confidence on a scale of 1-5: 5
Analysing Paychex: A Solid Business Model with Growth Prospects
Steady Growth and Strong Margins Define Paychex
Paychex stands out with its compelling business model marked by consistent growth and notable profit margins. The company's sustained growth trajectory and impressive profitability underscore its appeal as an investment choice within its...
Analyzing the options chain of PAYX Paychex prior to the earnings report this week,
I would consider purchasing the 115usd strike price Calls with
an expiration date of 2023-12-15,
for a premium of approximately $3.70.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion...
The PEAD projected a bullish outlook for NASDAQ:PAYX after a positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 80%.
An ascending curved pattern know as a scallop. These like to break out bullishly once complete, kind of like a rounded top. The dominant trend line up should be held and even a move higher than that trend line may be seen. Weekly chart.
The PEAD projected a Bullish outlook for $PAYX after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 75%.
The PEAD projected a Bullish outlook for $PAYX after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 70%.
