Technical Analysis Of Paychex Inc.

Mar 30, 2023 at 7:15 AM EDT

Looking at the PAYX’ chart we should expect a correction toward the support level at around $111.50.

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Today’s instrument is Paychex Inc.’s stock traded on the Nasdaq exchange under the ticker PAYX.

Looking at the PAYX’ chart, we can see that yesterday it jumped more than 6% due to the announced better-than-expected quarterly results and it was lastly traded at around $116 which is also the resistance level.

Today, we should expect a correction towards the support level at around $111.50, and if it is not able to hold it above that level then it could reach the next one at around $108.

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AAATrade's Intraday Technical Analysis of Paychex Inc. - 30/03/2023

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