Stock Analysis: Paychex Inc (PAYX)

Stock Analysis for Paychex Inc (PAYX)

The Interpreter
Hey Friend, I'm analysing PAYCHEX INC (PAYX), and it is between the Support of $ 120.06 (Pivot) and the Resistance of $ 124.39 (100% of Fibonacci).

Paychex Inc (PAYX)

$ 119.52 +1.5%

Last Close 19-Apr-24

Trade PAYX Now

Supports

Next Support: $ 120.06

Pivot: $ 120.06
Fibonacci 61.8%: $ 119.05
Triangle Level (0): $ 115.77

Resistances

Next Resistance: $ 124.39

Pivot R1: $ 125.41
Fibonacci 100%: $ 124.39
Triangle Level (0): $ 124.80

Supports and Resistances

Click to Enlarge

Candlesticks, "48-hour" Trade Signals +

Date	Price $	Result %	Candle Name	Side
001 01 Apr 2024	Sell Price: 121.62	Profit: Open Day1 ($ 116.57)	Engulfing	Sell
002 04 Mar 2024	Buy Price: 122.34	Profit: Open Day1 ($ 122.38)	Abandoned Baby	Buy
003 29 Jan 2024	Buy Price: 121.36	Profit: Close Day1 ($ 122.42)	Engulfing	Buy
004 24 Jan 2024	Sell Price: 121.89	Profit: Open Day1 ($ 121.84)	Engulfing	Sell
005 14 Dec 2023	Sell Price: 126.83	Profit: Open Day1 ($ 126.54)	Engulfing	Sell
006 27 Nov 2023	Buy Price: 118.95	Profit: Open Day1 ($ 119.14)	Piercing Line	Buy
007 13 Nov 2023	Sell Price: 114.48	Loss: Close Day2 ($ 117.14)	Abandoned Baby	Sell
008 25 Sep 2023	Buy Price: 114.35	Profit: Close Day2 ($ 116.51)	Abandoned Baby	Buy
009 04 Aug 2023	Sell Price: 122.99	Loss: Close Day2 ($ 123.90)	Engulfing	Sell
010 28 Jun 2023	Sell Price: 110.63	Profit: Close Day1 ($ 109.33)	Abandoned Baby	Sell
011 28 Jun 2023	Sell Price: 110.71	Profit: Close Day1 ($ 109.33)	Engulfing	Sell
012 26 May 2023	Buy Price: 108.17	Profit: Open Day1 ($ 108.55)	Abandoned Baby	Buy
013 27 Apr 2023	Buy Price: 107.84	Profit: Open Day1 ($ 108.56)	Abandoned Baby	Buy
014One Year Average	Both Sides Result for 13 Signals	Profit: $ 9.05 ($ 0.70 / Signal) +7.7% Gross in 1 Year	All of Them	Buy + Sell

Trading Rules for Candlesticks Patterns.

Buy or Sell on the same day of the signal, during the after-hours trading session.
Watch the Opening and Closing of the next 2 days (4 in total).
Immediately exit the Trade when one of them (Open or Close, Day 1 or 2) gives you a profit.
The table above will show the first Profit opportunity, but not in real-time. Therefore, you must watch the market in real-time with your broker.

Remember: The returns an asset made in the past don't mean that future returns will be the same.

Backtest Lab, "Buy The Dip" Trade Signals +

Find The Lastest Buy Signals for PAYX Below.

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The Latest Trade Signals

Moving Averages +

Bought Moving Averages

Sold Moving Averages

Simple Moving Averages (SMA) Period	Value $	Signal	Exponential Moving Averages (EMA) Period	Value $	Signal
2	118.66	BUY	2	119.19	BUY
3	118.82	BUY	3	119.36	BUY
5	120.01	SELL	5	119.98	SELL
8	121.48	SELL	8	120.67	SELL
13	121.91	SELL	13	121.21	SELL
21	121.65	SELL	21	121.50	SELL
34	121.55	SELL	34	121.64	SELL
55	121.97	SELL	55	121.60	SELL
90	121.85	SELL	90	121.21	SELL
200	120.32	SELL	200	119.79	SELL

Company Info +

Name & IPO

Paychex Inc
IPO: 2005-06-05

Stock Ticker & Exchange

Ticker: PAYXIndices: S&P 500, Nasdaq 100,
Exchange: Nasdaq Nms - Global Market (US - USD)

Contact

Website: http://www.paychex.com
Phone:

Stock Type

Common Stock

SIC Office

Trade & Services ()

Industry

Services-engineering, Accounting, Research, Management

EIN

Fiscal Year End

State of Inc.

Balance Sheets +

in USD millions (if not decimal) - Dictionary

Income Statement +

in USD millions (if not decimal) - Dictionary

Statements sources
The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.