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PAYX
Stock ticker: NASDAQ
AS OF
Dec 20, 04:59 PM (EDT)
Price
$139.46
Change
+$1.65 (+1.20%)
Capitalization
43.76B

PAYX Paychex Forecast, Technical & Fundamental Analysis

a provider of payroll processing and other human resources services

Industry
PAYX
Daily Signalchanged days ago
Gain/Loss if bought
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A.I.Advisor
a Summary for PAYX with price predictions
Dec 20, 2024

PAYX's Indicator enters downward trend

The Aroon Indicator for PAYX entered a downward trend on December 19, 2024. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 140 similar instances where the Aroon Indicator formed such a pattern. In of the 140 cases the stock moved lower. This puts the odds of a downward move at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on December 06, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on PAYX as a result. In of 81 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for PAYX turned negative on November 18, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 48 similar instances when the indicator turned negative. In of the 48 cases the stock turned lower in the days that followed. This puts the odds of success at .

PAYX moved below its 50-day moving average on December 11, 2024 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for PAYX crossed bearishly below the 50-day moving average on December 16, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 16 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where PAYX declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where PAYX's RSI Oscillator exited the oversold zone, of 26 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 9 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where PAYX advanced for three days, in of 340 cases, the price rose further within the following month. The odds of a continued upward trend are .

PAYX may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

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PAYX
Daily Signalchanged days ago
Gain/Loss if bought
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A.I. Advisor
published Earnings

PAYX is expected to report earnings to rise 29.82% to $1.48 per share on March 26

Paychex PAYX Stock Earnings Reports
Q1'25
Est.
$1.48
Q4'24
Beat
by $0.01
Q3'24
Beat
by $0.02
Q2'24
Beat
by $0.02
Q1'24
Beat
by $0.01
The last earnings report on December 19 showed earnings per share of $1.14, beating the estimate of $1.13. With 4.93M shares outstanding, the current market capitalization sits at 43.76B.
A.I.Advisor
published Dividends

PAYX paid dividends on November 27, 2024

Paychex PAYX Stock Dividends
А dividend of $0.98 per share was paid with a record date of November 27, 2024, and an ex-dividend date of November 07, 2024. Read more...
A.I. Advisor
published General Information

General Information

a provider of payroll processing and other human resources services

Industry

Profile
Fundamentals
Details
Industry
Data Processing Services
Address
911 Panorama Trail South
Phone
+1 585 385-6666
Employees
16600
Web
https://www.paychex.com
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PAYX and Stocks

Correlation & Price change

A.I.dvisor indicates that over the last year, PAYX has been closely correlated with ADP. These tickers have moved in lockstep 72% of the time. This A.I.-generated data suggests there is a high statistical probability that if PAYX jumps, then ADP could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To PAYX
1D Price
Change %
PAYX100%
+1.26%
ADP - PAYX
72%
Closely correlated
+0.92%
RHI - PAYX
35%
Loosely correlated
+0.56%
TNET - PAYX
34%
Loosely correlated
+1.68%
NSP - PAYX
34%
Loosely correlated
-0.65%
KFY - PAYX
33%
Poorly correlated
+0.50%
More

Groups containing PAYX

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To PAYX
1D Price
Change %
PAYX100%
+1.26%
PAYX
(2 stocks)
90%
Closely correlated
+1.09%