Technical Analysis Of Paychex Inc.

By Staff of AAATrade.com

Thursday, March 30, 2023 7:15 AM EST

black android smartphone turned on screen

Image Source: Unsplash

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.

(Click on image to enlarge)

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

More By This Author:

Daily Technical Analysis Of EURUSD - Wednesday, March 29
Technical Analysis Of Factset Research Systems Inc.
Daily Technical Analysis Of GBPUSD – Tuesday, March 28

Disclaimer: Trading is risky. Information presented herein, is not to be constructed as a solicitation or an offer to buy or sell any Financial Instrument or to participate in any particular ...

How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.