SHORT POTENTIAL next weekas projected on the chart, following with W pattern, fibonacci retracement, trend resistance.
0KGE trade ideas
Pay Up, OG collect $$$Nice Sign of Strength (SoS), look for a bounce off 124-125 or a break back above 127-128 for entry. Initial target 139. Earnings coming up the question is whether or not these original gangstas can continue to compete with the young guns.
Not financial advice or whatever.
PAYX: very bullishI've entered a LONG position on the 22nd of December right after Earnings. The chart looks to be in a strong uptrend and the market's reaction to ER was optimal.
PAYX showing signs of continuing higher!* I last spoke about PAYX around mid October as it was breaking out of the $117.70 area.
* Since then it has moved higher and began to consolidate forming a base on base pattern.
* It recently had a pullback to the previous base resistance and used it as support to bounce back.
* And it also held up very well during the general market correction.
* Great earnings
* Very strong up trend
* High 3-month relative strength in the Tech sector
* Breaking out of a base on base pattern with higher than average volume (52.25% higher than the 15 day average)
Trade Idea:
* The price just broke out of a base on base pattern and is still close to the broken resistance.
* Currently offering a great risk/reward ratio
* You can enter as indicated
* If you're looking to find a slight discount you can look for an entry around the $125 area as that should hold up as short term support.
Caution:
* A daily close below $123.55 would negate this idea.
PAYX is the momentum build up, going to push it higher?NASDAQ:PAYX had a really fantastic quarter. Today one of my tools pointed that the stock was mean-reverting, even though in a longer-term up-trend. Furthermore, on a Daily basis, we can clearly see that yesterday the stock bounced back from the 20D moving average. Another addition to the setup is the confirmation from one of my special indicators on an 1Hour frequency. There may be a high chance of a new leg higher.
Technology Services has been on fire for the month of OCT.The Technology Service sector has been extremely bullish for this month.
One of the sector leaders on the heatmap across the board. This run may or may not stall out for a min.
Hate that I didn't spot these trades.
They are all now on my radar. I will only be eyeing smaller timeframes entries and exits due to the lateness of me now wanting to trade them.
I'm a swing trader at heart, but I scale in often.
Watch the TS sector over the next few weeks as a whole.
PAYX looking to go higher after finding new support.* Excellent earnings year-over-year
* Very strong up trend
* Breaking out of a ~2 month consolidation period with higher than average volume
* Very strong Relative Strength in the Industrial sector
* Recently broke resistance of 117.11 and retested it as support
Trade Idea:
* As always, if you don't mind a little volatility in the short term this is a great time to buy
* If you're looking for a discount, you can look for an entry near the $117.10 area
Note:
* The bullish pin bar from October 13th shows that there's a lot of demand for it around the 117.11 area.
The price moved higher after the 13th increasing in buying volume so this has a less probability of revisiting that area.
PAYX awaiting trigger to the upsideNASDAQ:PAYX has potential to move further to the upside if trigger 114.80 is met.
Targeting 119.55 with a 2.5x RR
Upside potentialGreat company with steady increasing net income and margin profit after last week's earning's report.
I always wait about a week or so to enter a position after their ER.
An ascending triangle is forming.
1 target: $101
Ultimate target: $110 +
Stop loss: Closing out of the triangle.
For self-education use only. Not financial advice.
PAYX June 25th - Fib level 2.618NASDAQ:PAYX Sounds crazy but this is the beauty of 2.618 golden ratio. Let's wait and see!
$PAYX with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $PAYX after a Negative Under reaction following its earnings release placing the stock in drift D
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
Paychex Q3 earnings tomorrowPaychex Q3 earnings tomorrow 4/6 at 8:30am. Paychex (PAYX) reported 2nd Quarter November 2020 earnings of $0.73 per share on revenue of $983.7 million. Revenue fell 0.7% compared to the same quarter a year ago. The company said it expects fiscal 2021 earnings of $2.88 to $2.97 per share on revenue of $3.92 billion to $4.04 billion.
Q3 February 2021 Consensus:
EPS = $0.93
Revenue = $1.11 B
R3 = $104.67
R2 = $102.71
R1 = $100.65
pivot = $98.76
S1 = $96.72
S2 = $94.75
S3 = $92.78
Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. This is for educational and entertainment purposes only. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analysts motives
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
www.tradingview.com
PAYX 🌦I'm getting a bearish read on PAYX. We broke the previous high of $99.93 and I expect to head back to retest $85. I'm waiting for a bear flag as a signal to long puts.
***This does not constitute financial advice.***
PAYX, Time To Buy?Hello fellow traders and investors, PAYX has recently pulled back to the trendline that acts as a support. If it makes a recovery to its previous high it offers around a 10% ROI however I would let it ride to the upper trendline. PAYX does a great job pulling back to the trendline and making a recovery so this is a very interesting play in my opinion, and I will be watching it very closely.
Technicals:
The Macd indicates that it isn't oversold however it isn't overbought either
The EMA's indicate that it's still in a downtrend
When To Buy:
When the EMA's crossover
When To Sell:
There are two options of where you could sell. The first one is to sell when it recovers to its previous high which offers around a 10% ROI and the second option is to sell when it hits the upper trendline which offers around a 15% ROI.
Hope you enjoyed this quick analysis and many more to come.
If you enjoyed leave a like and follow, thanks
PAYX shortMost investors are expecting that general trend to continue. But I expect the quarterly report to be worse than the previous year. As a result, a significant drop in ttm will lead to strong sales of shares.
swing trade Payx 89-90$ = Long entry points - as old resistance levels is forming new support!
Tight stop loss around 86$
dividend company with upcoming dividend date.
a couple outcomes here on PAYX chart breakout above 52w highs but i dont see much follow through with the volume, if previous 52w high doesnt hold it will just be a fakeout breakout here and you can expect 75-80 to test and then find support there. goodluck !
$PAYX with a neutral outlook following its earning releaseThe PEAD projected a neutral outlook for $PAYX after a positive over reaction following its earning releasing placing the stock in Drift B
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Cup and Handle Rising WedgeLong entry 90.65 when rising narrowing wedge is no longer an issue
A candle wich has broken through bottom trendline of a bearish rising wedge. Average fall is 35% and pattern is valid when bottom trendline is broken. PAYX has been in several rising wedges since the bottom and has not slowed down much,, appears to be on a mission!
Possibility that this one will get a bit closer to long entry level..Long after fall from rising wedge is complete ..weekly candle is a shooting star.
support at 90.75ish
Rising narrowing wedges are usually bearish..they differ from a triangle in that both lines slope up and converge at an apex. You can usually see where price did not touch bottom trendling for an extended period (See - marks on chart meaning a "no touch") Rising wedges are formed by too much buying without healthy pull backs and interfer with supply and demand.
A chart can be an xray of supply and demand.
Price can break up and out of a rising wedge but it is not usually a long term thing. CRM broke up and out when inducted in to the DOW. As a rule, price struggles if it breaks up from a RW.
Not a recommendation/just an observation
I have owned this stock in the past and looking again as it lacks extreme volatility as a rule and pays a good dividend for my IRA. I have not purchased it again because it has been in and out of rising wedges since the bottom. But had I bought it at the bottom and just went with it, I would have some cash by now,,lol..oh well. I can not win them all! and
Looking through the rear view mirror is often easier than the view through the windshield (o:
PAYX trading beyond the projected PEAD Cone after strong earning$PAYX is trading beyond the Projected EPS cone after a good earning result, with PEAD projecting price to return lower to trade within the boundaries of upper and lower lines
Cup and Handle Intra-YearNo riding wedges noted
NV is high
Mid cup is 75.3 which is very close to handle low
They beat earnings and revenue on 10-6-20
Known not to be super volatile and is in many low volatility ETFs that pay dividends. Yield is 3.01%
Probable pull back and I see S at 81.32ish
Short interest is mediocre
Paychex, Inc. provides integrated human capital management solutions for human resources (HR), payroll, benefits, and insurance services for small- to medium-sized businesses in the United States and Europe. The company offers payroll processing services; payroll tax administration services; employee payment services; and regulatory compliance services, such as new-hire reporting and garnishment processing. It also provides HR solutions, including payroll, employer compliance, HR and employee benefits administration, risk management outsourcing, and the on-site availability of a professionally trained HR representative; and retirement services administration, including plan implementation, ongoing compliance with government regulations, employee and employer reporting, participant and employer online access, electronic funds transfer, and other administrative services. In addition, the company offers cloud-based HR administration software products for employee benefits management and administration, time and attendance, recruiting, and onboarding solutions; plan administration outsourcing and state unemployment insurance services; various business services to small to medium-sized businesses comprising payroll funding and outsourcing services, which include payroll processing, invoicing, and tax preparation; and payment processing services, financial fitness programs, and a small-business loan resource center. Further, it provides insurance services for property and casualty coverage, such as workers' compensation, business-owner policies, cyber security protection, and commercial auto, as well as health and benefits coverage, including health, dental, vision, and life. The company markets and sells its services primarily through its direct sales force. Paychex, Inc. was founded in 1979 and is headquartered in Rochester, New York.
Not a recommendation
