RSI low/high Values: [ 25 - 75 ]
* 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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Paylocity Holding Corporation stock price down 0.83% on Thursday
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 20, 2024 Gain 1.97% PDF

The Paylocity Holding Corporation stock price fell by -0.83% on the last day (Thursday, 28th Mar 2024) from $173.29 to $171.86. During the last trading day the stock fluctuated 2.23% from a day low at $171.65 to a day high of $175.47. The price has risen in 6 of the last 10 days and is up by 2.66% over the past 2 weeks. Volume has increased on the last day by 2 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 232 thousand shares were bought and sold for approximately $39.90 million.

The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 9.39% during the next 3 months and, with a 90% probability hold a price between $181.87 and $202.02 at the end of this 3-month period.

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PCTY Signals & Forecast

The Paylocity Holding Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $171.17 and $170.02. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -0.83%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The stock had a Golden Star Signal on Tuesday, March 19, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star

The stock had a Golden Star Signal on Tuesday, March 19, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

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

Paylocity Holding Corporation finds support from accumulated volume at $168.30 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $3.82 between high and low, or 2.23%. For the last week the stock has had daily average volatility of 1.71%.

Our recommended stop-loss: $166.96 (-2.85%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (PCTY) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Paylocity Holding Corporation to open at $172.99, and during the day (based on 14 day Average True Range), to move between $167.68 and $176.04, which gives a possible trading interval of +/-$4.18 (+/-2.43%) up or down from last closing price. If Paylocity Holding Corporation takes out the full calculated possible swing range there will be an estimated 4.87% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $171.91 (0.03%) than the support at $168.30 (2.07%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Paylocity Holding Corporation stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Paylocity Holding Corporation stock to perform well in the short-term.

Current score: 3.691 Buy Candidate Unchanged

Predicted Opening Price for Paylocity Holding Corporation of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$172.99 ( 0.659%) $171.86

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
Resistance R3 176.81 2.88 %
R2 175.35 2.03 %
R1 174.45 1.51 %
Current price: 171.86
Support S1 171.53 -0.190 %
S2 170.63 -0.714 %
S3 169.17 -1.56 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 174.95 1.80 %
R2 172.00 0.0815 %
R1 171.91 0.0291 %
Current price 171.86
Support S1 168.30 -2.07%
S2 166.13 -3.33%
S3 166.06 -3.37%

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?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Paylocity Holding Corporation stock to perform well in the short-term.

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 2024-03-28, the price of an Paylocity Holding Corporation (PCTY) share was $171.86.

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 $139.40.

What is the market capitalization of Paylocity Holding Corporation Stock?
As of the 2024-03-28, the market capitalization of Paylocity Holding Corporation is 9.654B.

When is the next earnings date for Paylocity Holding Corporation?
The upcoming earnings date for Paylocity Holding Corporation is May 02, 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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