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PCTY Stock Paylocity Holding (PCTY, $151.78) RSI Indicator left the oversold zone on May 28, 2024

A.I.dvisor
at Tickeron.com
05/29/24
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PCTY - Paylocity Holding Corp
RSI signal
Bullish Trend
Odds of UP Trend
Tickeron
RSI signal
Price: $151.78
Daily change: -$1.86 (-1.21%)
Daily volume: 928.5K
Capitalization: $8.6B
Industry: Packaged Software
This is a signal that PCTY's price could be shifting from a downtrend to an uptrend. Traders may consider buying the stock or exploring call options. A.I.dvisor looked back and found 29 similar cases where PCTY's RSI Indicator left the oversold zone, and in of them led to a successful outcome. Odds of Success:

PCTY in +0.80% Uptrend, growing for three consecutive days on November 12, 2024

Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where PCTY advanced for three days, in of 326 cases, the price rose further within the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Aroon Indicator entered an Uptrend today. In of 249 cases where PCTY 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 RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 10 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 20 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

PCTY broke above its upper Bollinger Band on October 31, 2024. 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.

Fundamental Analysis (Ratings)

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. PCTY’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 87, placing this stock slightly better than average.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (9.569) is normal, around the industry mean (30.188). P/E Ratio (56.652) is within average values for comparable stocks, (162.204). Projected Growth (PEG Ratio) (1.479) is also within normal values, averaging (2.738). Dividend Yield (0.000) settles around the average of (0.083) among similar stocks. P/S Ratio (7.369) is also within normal values, averaging (56.273).

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PCTY
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A.I. Advisor
published General Information

General Information

a holding company with interests in online payroll and human resource solutions

Industry PackagedSoftware

Profile
Fundamentals
Details
Industry
Packaged Software
Address
1400 American Lane
Phone
+1 847 463-3200
Employees
6100
Web
https://www.paylocity.com