Paycom Software Technical Analysis (NYSE:PAYC)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. The PAYC stock chart pattern can give those who understand technical analysis an indication of which way PAYC stock is headed, but cannot predict with 100% certainty as to what can happen to the Paycom Software stock price.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for Paycom Software. Technical analysis uses an approach for Paycom Software stock analysis that does not care for the fair value of a company but uses price and volume data only.
Paycom Software Moving Average
Moving averages show the PAYC stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The 20 day moving average of $124.53 is below the last closing price of $138.26 and the 50 day moving average of $113.96 is below the last closing price of $138.26. The 10 and 20 day periods can predict short term moving average trends.
Paycom Software Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Paycom Software. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $138.26 is in the upper range of Paycom Software bollinger bands.
Paycom Software Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Paycom Software MACD indicator can be used to identify bullish and bearish trends for the stock.
Paycom Software Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of PAYC stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.