PCTY Plunges to Oversold $103.14, Rebound Watch
Paylocity Holding Corp (PCTY) advanced 1.17%, ending the session at $103.14 on February 25.
Technical indicators paint a bearish picture:
Momentum
RSI at 25.9 is depressed in oversold territory, where bounces often originate. MACD reads -10.11 against its -9.44 signal line (bearish).
Moving Averages
The stock trades below its 9-day EMA ($107.80) with the 21-day ($117.22) acting as overhead resistance.
Volatility
Bollinger Band width at 44.8% indicates normal volatility.
Despite the bearish EMA structure, oversold RSI suggests patient buyers may find opportunity near $91.78.
Technical levels: $91.78 support, $144.76 resistance.
