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...
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...
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.
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.
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...
NASDAQ:PAYX has potential to move further to the upside if trigger 114.80 is met. Targeting 119.55 with a 2.5x RR
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 officially confirmed the Flag pattern two days ago but the price is still good to buy. PAYX buy : $77-$78 PAYX target : $90 +-2 PAYX stop loss : 6-8% Wish you good deals!
Even though the price is below 50SMA on daily, It stays above both the support coming from 2000 and 50SMA.
This is one of the few equities holding up this month, maintaining 20/50/100/200 day support, but also having completed a back test of the breakout zone and ready to move up once more.
Paychex Inc. has begun a sideways pattern after a strong move out of the bottom formation of early January. The sideways pattern provides support for the next trend upward.
PAYX had a strong earnings report and continues to climb upward slowly making new all-time highs. The completed double, aka W, bottom is a short-term bottom formation that provides moderate to strong support if more profit-taking occurs.
goo reversion to the mean candidate with good r/r based on channel
The price is below to 30MM, and we can see there is a marked resistant in the top of the curve. The slope of 30MM is positive, so maybe the price bounce this week.
The second attempt to buy shares on the completion of consolidation. I see a good potential for growth to $ 70. The price was consolidated in anticipation of the quarterly report, which will be released on 26.03. Before the report, the position will be transferred to the breakeven. Open 66.63 SL 65.87 TP 69.67 P/E 28.54 Forward P/E 23.72 Good Luck!