Paylocity Technical Analysis (NASDAQ:PCTY)
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 Paylocity stock price data and volume are plotted in PCTY stock charts and these trading charts form the basis of technical analysis.
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 Paylocity. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Paylocity stock analysis.
Paylocity Moving Average
Moving averages show the average price of PCTY stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $63.77 is below the price of $68.92.
Paylocity Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Paylocity. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Paylocity bollinger bands show that the stock price is $68.92, upper band is 69.66, lower band is 57.87, and the average is 63.77.
Paylocity 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 Paylocity MACD indicator can be used to identify bullish and bearish trends for the stock.
Paylocity Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of PCTY stock is 72.92.