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PAYX Stock Tickeron detected bullish Stock Pattern: Head-and-Shoulders Bottom PAYX on January 14, 2025, netting in a 5.58% gain over 3 weeks

A.I.dvisor
at Tickeron.com
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+5.58% Gain from a Successful pattern Head-and-Shoulders Bottom
PAYX - Paychex
Tickeron
Ticker: PAYX
Company: Paychex
Gain: +5.58%
Confirmed: 01/14/25
Succeeded: 01/27/25
Total length: 27 days
On December 31, 2024, A.I.dvisor detected a Head-and-Shoulders Bottom Pattern (Bullish) for Paychex (PAYX, $140.22). On January 14, 2025, A.I.dvisor confirmed the Bullish pattern, setting a target price of $149.17. 13 days later, on January 27, 2025, PAYX reached the target price resulting in a for traders who took a long position in the stock.

PAYX sees its Stochastic Oscillator climbs out of oversold territory

On February 13, 2025, the Stochastic Oscillator for PAYX moved out of oversold territory and this could be a bullish sign for the stock. Traders may want to buy the stock or buy call options. Tickeron's A.I.dvisor looked at 52 instances where the indicator left the oversold zone. In of the 52 cases the stock moved higher in the following days. This puts the odds of a move higher at over .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on February 12, 2025. You may want to consider a long position or call options on PAYX as a result. In of 82 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The 10-day moving average for PAYX crossed bullishly above the 50-day moving average on January 22, 2025. This indicates that the trend has shifted higher and could be considered a buy signal. In of 17 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where PAYX advanced for three days, in of 335 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 312 cases where PAYX Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The 10-day RSI Indicator for PAYX moved out of overbought territory on February 06, 2025. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 37 similar instances where the indicator moved out of overbought territory. In of the 37 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Moving Average Convergence Divergence Histogram (MACD) for PAYX turned negative on February 11, 2025. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 50 similar instances when the indicator turned negative. In of the 50 cases the stock turned lower in the days that followed. This puts the odds of success at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where PAYX declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

PAYX broke above its upper Bollinger Band on February 05, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

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General Information

a provider of payroll processing and other human resources services

Industry

Profile
Fundamentals
Details
Industry
Data Processing Services
Address
911 Panorama Trail South
Phone
+1 585 385-6666
Employees
16600
Web
https://www.paychex.com