72.5% Chance PAYC Will Go Up
Based on my trading system "R Difference" (see my published scripts) PAYC is looking like a solid buy.
PAYC trade ideas
Long: PAYC Paycom Software Inc. Looking for ~10%Moving Averages: The most interesting signals on this chart to me were the bullish crossing of the 50ma under the price on the daily and the stock following and staying above the 20ma on the weekly chart. These signals show that with the proper momentum the price should continue upwards.
MACD(12, 26, close): The MACD indicator is showing bullish momentum on the daily chart, crossing back on May 29th and continuing to show upward momentum. On the Weekly MACD still has not shown a bullish crossing but is curving upward, if current market conditions remain consistent we should see a bullish crossing in the next 2 or 3 weeks.
RSI(14): Daily RSI is currently sitting at 63 showing bullish momentum and consistent appreciation.
Trendlines: NYSE:PAYC Is currently breaking out of a wedge with proper volume, looking to fill to previous highs and possibly moving upwards. There is a long-term trendline originating back in 6/26/2017 that would be considered a good support and possible stop-loss if things go south.
FIB 100% retracement is at 117.60, leaving FIB 138% at around 124.40.
Currently holding 18 shares at 111.04
PAYC - Possible Falling Wedge Forming Very strong & steep bull trend. Price action plays close to the 50 EMA, and lives above the 200 EMA. Though the 50 EMA crossing over the 200 EMA has proven to be bearish - it is unreliable as a lagging indicator.
Volume is slowly decreasing overall, picking up when in contact with resistance of the possible falling wedge. Shows that it may fully respect the wedge to play out.
If this falling wedge plays out with some volume on the breakout, this would be a bullish breakout for PAYC. If you want to play this scenario, there is low risk in accumulating around the wedge support. and to sell on the breakout - looking like sometime in September.
PAYC steady uptrendVery steady and loyal pattern! this one knows how to make gains, steady and consistency is key. Every now and then your allowed a cheat meal or a drink but the progress is strong on this one this is in it's prime!
PAYCOM (PAYC) IdeaPossible cup being formed. If we see reversal after handle then good buy point at 109
PAYC Detected possible stock repurchasePAYC: paycom software inc
2018-02-13 08:30:24
Detected possible stock repurchase
PAYC: Wave 4 Correction NextThis thing has lots of room to run. Just need the process to work itself out.
$PAYC calls for adding to position ---7/10 Rating---Description on chart.
MACD should begin to confirm move higher here soon.
Watch volume for confirmation
good R/R area to go long50MA + uptrend line + ex-resistance turned support nearby = good risk/reward to long PAYC with a target near previous highs.
PAYC Earnings winner at breakout levelsEarnings beat could push price above 52.93 all time high. Has momentum to back a possible run as well.
