These Shares Ride Higher 38.93% Over the Last Month: Paycom Software Inc (PAYC)

Paycom Software Inc (PAYC) shares are currently showing up on the list of gainers over the past month. During that time duration, shares have seen a rise of 38.93%. Heading back 6 months, shares have seen moved 28.57%. Going a bit further, shares have moved 104.78% over the last full-year. Taking a much closer look, shares have moved 2.32% over the last week.

Dedicated investors often strive uncomfortable to set themselves up for success. Finding long-lasting success in the equity market may not be an easy endeavor. The mindset of a short-term trader may differ greatly from that of a long-term investor. Investors often have to be prepared for many different situations. Obtaining the proper knowledge about stocks and the investing world is typically a main goal for active traders and investors. Once the investor is armed with knowledge, they may be able to see things that others cannot. This may involve staying up to date on various fundamentals, technicals, and macro-economic conditions. 

Traders may also be paying close attention to RSI levels on shares of Paycom Software Inc (PAYC). The current 14-day RSI is right now sitting at 78.65, the 7-day is 80.59, and the 3-day is 71.13. The RSI, or Relative Strength Index is a leading oscillating indicator among traders and investors. The RSI operates in a range-bound area with values between 0 and 100. When the RSI line moves up, the stock may be experiencing strength. The opposite is the case when the RSI line is heading lower. Different time periods may be used when using the RSI indicator. The RSI may be more volatile using a shorter duration of time. Many traders keep an eye on the 30 and 70 marks on the RSI scale. A move above 70 is widely considered to show the stock as overbought, and a move below 30 would indicate that the stock may be oversold. Traders may use these levels to assist identify stock price reversals.

The Williams Percent Range or Williams %R is another technical indicator worth taking a look at. Paycom Software Inc (PAYC) currently has a 14 day Williams %R of -15.36. The Williams %R fluctuates between 0 and -100 measuring whether a security is overbought or oversold. The Williams %R is similar to the Stochastic Oscillator except it is plotted upside-down. Levels above -20 may indicate the stock may be considered is overbought. If the indicator travels under -80, this may signal that the stock is oversold. Chart analysts may also use the indicator to project possible price reversals and to define trends.

Investors may use various technical indicators to assist spot trends and buy/sell signals. Right now, Paycom Software Inc (PAYC) has a 14-day Commodity Channel Index (CCI) of 85.04. The CCI was developed by Donald Lambert. The assumption behind the indicator is that investment instruments move in cycles with highs and lows coming at certain periodic intervals. The original guidelines focused on creating buy/sell signals when the reading moved above +100 or below -100. Traders may also use the reading to identify overbought/oversold conditions.

Keeping an eye on Moving Averages, the 50-day is 136.11, the 200-day is at 127.49, and the 7-day is 169.83 for Paycom Software Inc (PAYC). Moving averages have the ability to be used as a powerful indicator for technical stock analysis. Following multiple time frames using moving averages can assist investors understand where the stock has been and assist determine where it may be possibly going. The simple moving average is a mathematical calculation that takes the average price (mean) for a given amount of time.

Another technical indicator that may be a powerful resource for determining trend strength is the Average Directional Index or ADX. The ADX was introduced by J. Welles Wilder in the late 1970’s and it has stood the test of time. The ADX is typically used in conjunction with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to assist spot trend direction as well as trend strength. At the time of writing, the 14-day ADX for Paycom Software Inc (PAYC) is noted at 47.09. Many technical analysts believe that an ADX value over 25 would suggest a strong trend. A reading under 20 would indicate no trend, and a reading from 20-25 would suggest that there is no clear trend signal.

New investors may be considering at the soaring equity market and wondering if now is a good time to try and get in on the action. Leaping into the market without proper research or a solid plan may leave the investor on the short end of the stick. Creating a stock investing plan can be as simple or complex as the individual chooses. Sometimes, keeping things simple may be the best way to go. Other times, there may be more than meets the eye, and a deep-dive into the crucial data may be required. New investors may be extremely excited to start buying stocks. They may have heard some great water cooler talk about the next big stock. There is always a possibility that the hot stock chatter may end up coming to fruition, but it could just as likely turn out to be terribly erroneous. Many individuals in the financial world will be quick to provide these can’t lose picks, but until this information is thoroughly researched, investors may want to proceed with caution.

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