PAYX Price Prediction Next Week
Technical Analysis: Based on the technical indicators, PAYX is showing mixed signals. The RSI(14) at 60.38 indicates a neutral momentum, not yet reaching overbought territory. The MACD at 1.23 suggests a bullish trend continuation. The stock is trading above both its 20-day MA ($141.96) and 200-day MA ($130.45), indicating a strong upward trend.
News Impact Analysis: Recent significant news includes Paychex's acquisition of Paycor HCM for an enterprise value of approximately $4.1 billion. This strategic move is expected to strengthen Paychex's position in the human capital management solutions market. Additionally, the company is experiencing growth through robust sales, increasing client base, and rising retention rates.
Fibonacci Levels: Key Fibonacci levels for next week:
- Resistance 3: $155.06
- Resistance 2: $150.81
- Resistance 1: $148.18
- Pivot: $143.93
- Support 1: $139.68
- Support 2: $137.05
- Support 3: $132.80
Price Prediction for Next Week: Based on the technical analysis and recent news catalysts:
- Most Likely Scenario (60% probability): PAYX will trade between $146-$148, testing Resistance 1 at $148.18
- Bullish Scenario (25% probability): Break above $148.18 could push price toward $150.81
- Bearish Scenario (15% probability): Drop to test Support 1 at $139.68
Trading Recommendation: BUY with entry point at current price ($146.11) with initial target at $148.18. Set stop loss at $143.93 (pivot level) to limit downside risk. The acquisition news and strong technical indicators support an upward movement, while the stock trading above key moving averages provides solid support levels.
PAYX Similar Chart Price Prediction
The price of PAYX is predicted to go up -37.53%, based on the high correlation periods with HHS. The similarity of these two price pattern on the periods is 93.52%.
PAYX
HHS
Down: -37.53%Similarity: 93.52%
PAYX Revenue Forecast
PAYX EPS Forecast
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PAYX VS S&P500
Paychex is well placed to benefit from increased regulatory complexity under a U.S. Democratic administration.
Paychex benefits from high customer switching costs, a scale-based cost advantage, and strong brand assets and a referral network built over many decades.
Paychex dominates the small-business outsourced payroll market with strong prospects of further market penetration.
PAYX Analyst's Forecast
Ramsey El-Assal
Barclays
Hold
Price Target
$135 → $140
Upside
+0.47%
Barclays analyst Ramsey El-Assal raised the firm's price target on Paychex to $140 from $135 and keeps an Equal Weight rating on the shares. The firm updated the company's model following the earnings report.
Tien-Tsin Huang
JP Morgan
Sell
Price Target
$133 → $139
Upside
-1.18%
David Grossman
Stifel
Hold
Price Target
$130 → $141
Upside
+0.17%