$PAYX with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NASDAQ:PAYX after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 50%.
P1AY34 trade ideas
upward trend channel gap up from catalyst retrace 135 to holdSince July, it has been going up, retracing, and continuing. Indicators are still cooling off a little, but the current trend may continue if it can hold 133-135. This is a crucial area for the current trend.
PAYX Paychex Options Ahead of EarningsIf you haven`t bought the dip on PAYX:
Now analyzing the options chain and the chart patterns of PAYX Paychex prior to the earnings report this week,
I would consider purchasing the 130usd strike price Puts with
an expiration date of 2024-10-18,
for a premium of approximately $2.97.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
6/24/24 - $payx - Too many macro headaches involved6/24/24 :: VROCKSTAR :: NASDAQ:PAYX
Too many macro headaches involved
getting out in front of some of these prints later this wk as i'm at the bitcoin conf in miami this week.
any-who
back to the reality of awful economic growth (the real numbers frens) businesses preferring cheap labor or AI labor to humans and... no rate cuts for some time (the next few months MINIMALLY)
and you basically setup for a tough communication from NASDAQ:PAYX which is a great co. owned it for some time, up down and all around. but they're super exposed to the B2B trends being AI-hurt, the macro (less employees on these services) etc. etc. and while the co is defn a cash cow $2 bn in FCF w/o much dilution issues on $45 bn ev or about 4.5% fcf yield (good, actually), growth is MSD... *fine*... it's just not the right time.
look at the last 3 q's. all good results. stock dead money. should have just owned the S&P - that's the point.
repeat after me:
divide EVERY STOCK by the S&P. if it's not starting to break out or deliver results that will have it changing course of this relative performance to the S&P, you DON'T WANT to be a bag holder in this environment. the floor here for the non-mega stuff will be a super charged liquidity environment. while we have liquidity flowing into the stonks vis a vis reach around VIX suppression today (much more on this in a later note at a later time), it's all flowing to the top - which should be obvious by now - are you buying NASDAQ:NVDA today?
conclusion: just a tough macro setup for a dead money stock with mediocre-to-better-than-cash returns. the results if good will probably not result in the merit to taking the punt. and if u see a weird guide or a revision to growth... 27x PE goes to 22x fast.
that's all. pz my friends.
V
PAYX Paychex Options Ahead of EarningsIf you haven`t bought the dip on PAYX:
Now 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 2024-7-19,
for a premium of approximately $4.30.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Paychex (PAYX) Revenue miss... Is this the end?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 has not yet printed and can current develops can change throughout the week).
Currently, we are range bound between $100.00 and $133.00.
After the large bull run it had looking left. It is now in a period of accumulation/ consolidation in my opinion.
This pattern started December 2021. So its a long-term pattern. Which will take alot to break out of.
Breaking to upside would continue the bull run to new all-time highs.
Getting there though, will take time. And we must break other obstacles first.
First thing to break is the Short-term resistance trendline.
2nd thing to break is the upsloping channel highlighted, which is a intermediate trend.
If we get rejected from any of these obstacles, we can also continue down to test the lower border of the range.
Our first test of support would be the lower border of the sloping channel.
We must also watch VOLUME -> increase in volume would help us with breaking this obstacles and eventually getting us to the top of the range and an eventual breakout.
Watch also the 2 indicators i put up.
MACD -> We need a bullish cross with the lines moving ABOVE black horizontal trendline to form a higher high. This would help the case of breaking trends, moving above the consolidation range and to new highs.
If we get a bearish cross we can retest the support line of the ascending channel and lower range of the consolidation zone.
RSI - A HIgher high print is needed to continue upward and eventually out of the consolidation range. Notice however the resistance ABOVE us, depicted by the trendlines.
A bearish case is printing a Lower low, doing so may bring us down to the black support trendline. Depending on how low the RSI goes, will determine how far down we go as well.
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Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again.
Stay tuned for more updates on PAYX in the near future.
If you have any questions, do reach out. Thank you again.
DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
PAYX Paychex Options Ahead of EarningsIf 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 sell at least half of them.
PAYX Paychex Options Ahead of Earnings 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 sell at least half of them.
Paychex Inc. (PAYX) Bullish Signs EmergePaychex 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 bullishness.
On the week of November 13th, 2023, the price crossed above both the 50-day and 200-day SMAs,
Share Buyback: The company announced a significant $400 million share buyback program on January 19th, 2024. Share buybacks can boost the stock price by reducing the number of shares outstanding and increasing earnings per share (EPS).
Overall, these technical indicators suggest potential for continued bullishness in PAYX.
Disclaimer: This information is for educational purposes only and should not be considered financial advice. Please consult with a qualified financial advisor before making any investment decisions.
Paychex - Buy/ Long TradeBuying 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.
Paychex - Buy/Long trade Good quarterly results , The company is growing Q YOY , waiting for pullback and than continuing upwards.
Paychex - BuyFundamentally 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.
Earnings JournalAT 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 (PAYX:NASDAQ) A Solid Business Model 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 industry.
Driving Demand with Leading Service Offerings
One of Paychex's core strengths lies in its development of a suite of services that have garnered a dominant market position. This suite has effectively cultivated enduring demand, a testament to the company's ability to create and maintain a loyal customer base.
Uncovering Further Growth Potential
Paychex's growth potential extends across various avenues. Firstly, through product innovation, the company can expand its offerings to cater to evolving customer needs. Secondly, the strategies of upselling and cross-selling can leverage its existing customer relationships for additional revenue streams. Furthermore, the prospect of mergers and acquisitions provides avenues for inorganic growth. Lastly, international expansion offers a promising avenue to tap into new markets.
Resilient Performance and Market Adaptability
Paychex's recent performance demonstrates its capacity to withstand market fluctuations and remain resilient. This adaptability bolsters confidence in the company's ability to navigate various economic conditions effectively.
Balancing Price and Potential
While Paychex's current valuation is considered appropriate, the potential for further enhancement and expansion suggests a positive outlook for long-term success. The alignment of the company's strategic initiatives with growth opportunities underscores the attractiveness of Paychex as a prospective investment.
This content is provided for general information purposes only and is not to be taken as investment advice nor as a recommendation for any security, investment strategy or investment account.
PAYX Paychex Options Ahead of EarningsAnalyzing 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 about it.
$PAYX with a bullish outlook following its earnings #StocksThe 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%.
PAYX - Bullish Ascending ScallopAn 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.
$PAYX with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $PAYX after a Negative over reaction following its earnings release placing the stock in drift C.
$PAYX with a Bullish outlook following its earnings #Stocks 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%.
Paychex Short-Setup$140 have been top several times. Market on a downturn right now. Goal would be at least the EMA21.
$PAYX with a Bullish outlook following its earnings #Stocks 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%.
$PAYX with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $PAYX after a Negative over reaction following its earnings release placing the stock in drift C.
