US stock / ETF

Paychex, Inc.

PAYX · NASDAQ · USD

4 hoursBearish58%
4h Downside probability 58%Bearish

PAYX 4H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

4h: price is below EMA21, short trend is weak

Confirmation Trigger

Recover $115.47 and stabilize above resistance $122.59.

Invalidation Trigger

Break above $122.59 with RSI back above 50.

Market Context

Trend PhaseRange
Sideways Structure

Price is below EMA21

4h
Momentum StateBearish
Momentum soft

RSI 49.1, MACD -0.185

4h
Volatility EnvironmentBullish
Low volatility

ATR is $1.42 (1.24%)

4h

EMA Structure

Range
EMA 8$115.23Bearish
EMA 21$115.47Bearish
EMA 50$114.58Bullish

Signals

CategoryReadStrength
Momentum
RSI 49.1 · MACD -0.185

Neutral zone

Strength
Bearish
Volatility
ATR $1.42 · BB 6.52%

Low volatility

Strength
Bullish
Volume
MFI 53.1 · OBV -0.45%

Relative to 20-period average volume

Strength
Range
Price Levels
$111.45 - $122.59

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+7.66% · 6.2 ATR above latest close

$124.01
Nearest resistance

+6.43% · 5.2 ATR above · 34-bar high

$122.59
Current price

Price shown is delayed

$115.18
Nearest support

-3.24% · 2.6 ATR below · 34-bar low

$111.45
Deeper support zone

-4.47% · 3.6 ATR below latest close

$110.03
ATR zone

Latest close ± ATR14

$113.76 - $116.6

Indicators

Trend

Dow Theory Structure

Confirmation $117.56, invalidation $113.1

range · mixedRange
ADX / +DI / -DI (14)

Trend strength is moderate

20.8 / 21.4 / 20.4Bullish
Supertrend (10,3)

Price is above Supertrend

$110.86Bullish
Ichimoku Cloud

Cloud Span A / Span B

$116.59 / $114.63Bearish
Donchian Channel (20)

20-period breakout channel position

22%Range

Volatility

ATR (14)

Low volatility

$1.42 (1.24%)Bullish
Bollinger Bands (20,2)

Width 6.52%

38%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$118.27 / $112.67Bullish
ATR channel lower / upper

Current Volatility Envelope

$113.76 / $116.6Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$122.59Range
Support

Nearest Downside Decision Level

$111.45Range

Momentum

RSI (14)

Neutral zone

49.1Range
MACD (12,26,9)

Histogram is negative

-0.185Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

41.9 / 40.9Bullish
Williams %R (14)

Neutral zone

-58.1Range
CCI (20)

Balanced zone

-50.8Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volume / Money Flow

MFI (14)

Money flow is neutral

53.1Range
OBV slope

20-period OBV slope

-0.45%Bearish
Volume ratio

Relative to 20-period average volume

1.12xBullish

Trend

Dow Theory Structure

Confirmation $117.56, invalidation $113.1

range · mixedRange
ADX / +DI / -DI (14)

Trend strength is moderate

20.8 / 21.4 / 20.4Bullish
Supertrend (10,3)

Price is above Supertrend

$110.86Bullish
Ichimoku Cloud

Cloud Span A / Span B

$116.59 / $114.63Bearish
Donchian Channel (20)

20-period breakout channel position

22%Range

Momentum

RSI (14)

Neutral zone

49.1Range
MACD (12,26,9)

Histogram is negative

-0.185Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

41.9 / 40.9Bullish
Williams %R (14)

Neutral zone

-58.1Range
CCI (20)

Balanced zone

-50.8Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volatility

ATR (14)

Low volatility

$1.42 (1.24%)Bullish
Bollinger Bands (20,2)

Width 6.52%

38%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$118.27 / $112.67Bullish
ATR channel lower / upper

Current Volatility Envelope

$113.76 / $116.6Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

53.1Range
OBV slope

20-period OBV slope

-0.45%Bearish
Volume ratio

Relative to 20-period average volume

1.12xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$122.59Range
Support

Nearest Downside Decision Level

$111.45Range

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