Paychex Stock Technical Analysis

PAYX
 Stock
  

USD 123.21  0.05  0.0406%   

As of the 26th of November, Paychex holds the risk adjusted performance of (0.09), and Coefficient Of Variation of (1,569). Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Paychex, as well as the relationship between them. Put it differently, you can use this information to find out if the company will indeed mirror its model of past market data, or the prices will eventually revert. We have analyzed and interpolated nineteen technical drivers for Paychex, which can be compared to its competitors. Please check Paychex standard deviation, as well as the relationship between the value at risk and kurtosis to decide if Paychex is priced some-what accurately, providing market reflects its current price of 123.21 per share. Given that Paychex has jensen alpha of (0.19), we recommend you to check out Paychex's recent market performance to make sure the company can sustain itself at a future point.
  

Paychex Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Paychex, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Paychex
Paychex's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Paychex Analyst Consensus

Target PriceAdvice# of Analysts
124.29Hold14Odds
Paychex current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Paychex analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Paychex stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Paychex, talking to its executives and customers, or listening to Paychex conference calls.
Paychex Analyst Advice Details
Paychex technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Paychex technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Paychex trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Paychex Technical Analysis

Indicator
Time Period
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The output start index for this execution was nine with a total number of output elements of fifty-two. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Paychex volatility. High ATR values indicate high volatility, and low values indicate low volatility.
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Paychex Trend Analysis

Use this graph to draw trend lines for Paychex. You can use it to identify possible trend reversals for Paychex as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Paychex price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Paychex Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Paychex applied against its price change over selected period. The best fit line has a slop of   0.00022369  , which means Paychex will continue generating value for investors. It has 122 observation points and a regression sum of squares at 0.0, which is the sum of squared deviations for the predicted Paychex price change compared to its average price change.

About Paychex Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Paychex on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Paychex based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Paychex price pattern first instead of the macroeconomic environment surrounding Paychex. By analyzing Paychex's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Paychex's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Paychex specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2019 2020 2021 (projected)
Long Term Debt to Equity0.290.270.26
Interest Coverage55.1143.654.6

Paychex November 26, 2022 Technical Indicators

Most technical analysis of Paychex help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Paychex from various momentum indicators to cycle indicators. When you analyze Paychex charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Paychex November 26, 2022 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Paychex stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Please check Your Equity Center. You can also try Content Syndication module to quickly integrate customizable finance content to your own investment portal.

Complementary Tools for analysis

When running Paychex price analysis, check to measure Paychex's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Paychex is operating at the current time. Most of Paychex's value examination focuses on studying past and present price action to predict the probability of Paychex's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Paychex's price. Additionally, you may evaluate how the addition of Paychex to your portfolios can decrease your overall portfolio volatility.
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Is Paychex's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Paychex. If investors know Paychex will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Paychex listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
0.14
Market Capitalization
44.4 B
Quarterly Revenue Growth YOY
0.11
Return On Assets
0.13
Return On Equity
0.47
The market value of Paychex is measured differently than its book value, which is the value of Paychex that is recorded on the company's balance sheet. Investors also form their own opinion of Paychex's value that differs from its market value or its book value, called intrinsic value, which is Paychex's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Paychex's market value can be influenced by many factors that don't directly affect Paychex's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Paychex's value and its price as these two are different measures arrived at by different means. Investors typically determine Paychex value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Paychex's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.