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* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of PCTY
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Stronger technical forecast for Paylocity Holding Corporation stock price after Thursday trading.
(Updated on Jun 20, 2024)

Sell candidate since May 22, 2024 Loss -20.00% PDF

The Paylocity Holding Corporation stock price gained 1.49% on the last trading day (Thursday, 20th Jun 2024), rising from $133.87 to $135.86. During the last trading day the stock fluctuated 3.66% from a day low at $132.61 to a day high of $137.46. The price has been going up and down for this period, and there has been a -1.93% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 493 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $139.29 million.

The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $133.37 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -16.05% during the next 3 months and, with a 90% probability hold a price between $111.97 and $136.47 at the end of this 3-month period.

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PCTY Signals & Forecast

There are mixed signals in the stock today. The Paylocity Holding Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $138.03 and $153.65. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 1.49%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for Paylocity Holding Corporation stock

Paylocity Holding Corporation finds support from accumulated volume at $133.87 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $4.85 between high and low, or 3.66%. For the last week, the stock has had daily average volatility of 2.41%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (PCTY) For The Upcoming Trading Day Of Friday 21st

For the upcoming trading day on Friday, 21st we expect Paylocity Holding Corporation to open at $135.31, and during the day (based on 14 day Average True Range), to move between $131.49 and $140.23, which gives a possible trading interval of +/-$4.37 (+/-3.22%) up or down from last closing price. If Paylocity Holding Corporation takes out the full calculated possible swing range there will be an estimated 6.43% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $133.87 (1.46%) than the resistance at $142.17 (4.64%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Paylocity Holding Corporation stock A Buy?

Paylocity Holding Corporation holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -1.682 Sell Candidate Upgraded

Predicted Opening Price for Paylocity Holding Corporation of Friday, June 21, 2024

Fair opening price June 21, 2024 Current price
$135.31 ( 0.405%) $135.86

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for PCTY

Fibonacci Support & Resistance Levels

Level Price
R3 140.16 3.17%
R2 138.31 1.80%
R1 137.16 0.96%
Price 135.86
S1 133.46 -1.77%
S2 132.31 -2.61%
S3 130.46 -3.97%

Accumulated Volume Support & Resistance Levels

Level Price
R3 167.63 23.38%
R2 149.60 10.11%
R1 142.17 4.64%
Price 135.86
S1 133.87 -1.46%
S2 0 -
S3 0 -

FAQ

What is the symbol for Paylocity Holding Corporation Stock and on which exchange is it traded?
The symbol for Paylocity Holding Corporation is PCTY and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Paylocity Holding Corporation Stock?
Paylocity Holding Corporation holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

How to buy Paylocity Holding Corporation Stock?
Paylocity Holding Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Paylocity Holding Corporation Stock.

What's the current price of Paylocity Holding Corporation Stock?
As of the end of day on the Jun 20, 2024, the price of an Paylocity Holding Corporation (PCTY) share was $135.86.

What is the 52-week high and low for Paylocity Holding Corporation Stock?
The 52-week high for Paylocity Holding Corporation Stock is $230.44 and the 52-week low is $132.61.

What is the market capitalization of Paylocity Holding Corporation Stock?
As of the Jun 20, 2024, the market capitalization of Paylocity Holding Corporation is 7.554B.

When is the next earnings date for Paylocity Holding Corporation?
The upcoming earnings date for Paylocity Holding Corporation is Aug 01, 2024.
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About Paylocity Holding Corporation

Paylocity Holding Paylocity Holding Corporation provides cloud-based payroll and human capital management software solutions for medium-sized organizations in the United States. The company offers Payroll and Tax Services solution to simplify payroll, automate processes and manage compliance requirements within one system; expense management, on demand payment, and garnishment solutions; human capital management and employee self-service solutions, document librar... PCTY Profile

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