PAYX Enters Squeeze Mode at $114.19
NeutralPaychex Inc (PAYX) closed down 0.34% at $114.19 on December 29.
Technical indicators paint a bullish picture:
Moving Averages
Mixed signals with price near the 9-day EMA ($114.24). The 21-day EMA sits at $113.76.
Momentum
RSI at 55.8 is in neutral territory but trending higher. MACD is bullish (-0.02 vs signal -0.32).
Volatility
Stock has been in a TTM Squeeze for 6 days, indicating compressed volatility and potential for a significant move.