US stock / ETF

Paychex, Inc.

PAYX · NASDAQ · USD

4 hoursRange52%
4h Range probability 96%Range

PAYX 4H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

4h: EMA8/21/50 are in bullish alignment

Confirmation Trigger

Break either side of $109.38 - $124.74 with volume.

Invalidation Trigger

A trend close outside the ATR band changes the range thesis.

Market Context

Trend PhaseBullish
Constructive Trend

Price is above EMA21

4h
Momentum StateBearish
Momentum soft

RSI 53.3, MACD -0.248

4h
Volatility EnvironmentRange
Low volatility

ATR is $1.88 (1.6%)

4h

EMA Structure

Bullish
EMA 8$117.49Bullish
EMA 21$117.12Bullish
EMA 50$114.91Bullish

Signals

CategoryReadStrength
Momentum
RSI 53.3 · MACD -0.248

Neutral zone

Strength
Bearish
Volatility
ATR $1.88 · BB 8.45%

Low volatility

Strength
Range
Volume
MFI 57.5 · OBV 36.40%

Relative to 20-period average volume

Strength
Bullish
Price Levels
$109.38 - $124.74

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+7.61% · 4.8 ATR above latest close

$126.62
Nearest resistance

+6.01% · 3.8 ATR above · 34-bar high

$124.74
Current price

Price shown is delayed

$117.67
Nearest support

-7.05% · 4.4 ATR below · 34-bar low

$109.38
Deeper support zone

-8.64% · 5.4 ATR below latest close

$107.5
ATR zone

Latest close ± ATR14

$115.79 - $119.55

Indicators

Trend

Dow Theory Structure

Confirmation $113.8, invalidation $119.8

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is active

29.1 / 15.7 / 41.0Bearish
Supertrend (10,3)

Price is above Supertrend

$113.46Bullish
Ichimoku Cloud

Cloud Span A / Span B

$117.76 / $117.06Bearish
Donchian Channel (20)

20-period breakout channel position

35%Range

Volatility

ATR (14)

Low volatility

$1.88 (1.6%)Range
Bollinger Bands (20,2)

Width 8.45%

44%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$119.98 / $114.37Range
ATR channel lower / upper

Current Volatility Envelope

$115.79 / $119.55Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$124.74Range
Support

Nearest Downside Decision Level

$109.38Range

Momentum

RSI (14)

Neutral zone

53.3Range
MACD (12,26,9)

Histogram is negative

-0.248Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

35.4 / 37.4Bearish
Williams %R (14)

Neutral zone

-64.6Range
CCI (20)

Balanced zone

-19.7Range
TD Sequential

Setup is not extreme

sell 7Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

57.5Bullish
OBV slope

20-period OBV slope

36.40%Bullish
Volume ratio

Relative to 20-period average volume

1.16xBullish

Trend

Dow Theory Structure

Confirmation $113.8, invalidation $119.8

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is active

29.1 / 15.7 / 41.0Bearish
Supertrend (10,3)

Price is above Supertrend

$113.46Bullish
Ichimoku Cloud

Cloud Span A / Span B

$117.76 / $117.06Bearish
Donchian Channel (20)

20-period breakout channel position

35%Range

Momentum

RSI (14)

Neutral zone

53.3Range
MACD (12,26,9)

Histogram is negative

-0.248Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

35.4 / 37.4Bearish
Williams %R (14)

Neutral zone

-64.6Range
CCI (20)

Balanced zone

-19.7Range
TD Sequential

Setup is not extreme

sell 7Bearish

Volatility

ATR (14)

Low volatility

$1.88 (1.6%)Range
Bollinger Bands (20,2)

Width 8.45%

44%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$119.98 / $114.37Range
ATR channel lower / upper

Current Volatility Envelope

$115.79 / $119.55Range

Volume / Money Flow

MFI (14)

Money flow is strong

57.5Bullish
OBV slope

20-period OBV slope

36.40%Bullish
Volume ratio

Relative to 20-period average volume

1.16xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$124.74Range
Support

Nearest Downside Decision Level

$109.38Range

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