PCTY Coils in TTM Squeeze at $153.65, Breakout Imminent
NeutralPaylocity Holding Corp (PCTY) closed up 0.88% at $153.65 on December 29.
Technical indicators paint a bullish picture:
Moving Averages
Price trades above the 9-day EMA ($151.77) with a bullish stack. The 21-day EMA at $149.63 provides support.
Momentum
RSI at 65.1 is in neutral territory. MACD is bullish (1.54 vs signal 0.97).
Volatility
Stock has been in a TTM Squeeze for 7 days, indicating compressed volatility and potential for a significant move.
While the trend remains bullish, elevated RSI warrants caution for new entries at current levels.