Nov. 13 at 2:47 AM
$PAY is currently trading at
$37.73, above its 30-day moving average (MA30) of
$31.65 and 50-day moving average (MA50) of
$32.5, indicating bullish momentum. The RSI of 75.67 suggests that the stock is overbought, which may lead to a pullback or consolidation. The 60-day high of
$39.38 presents a potential resistance level, while the 60-day low of
$27.93 indicates strong support below.
Directional bias is cautiously bullish, but the high RSI signals a need for careful entry. Suggested entry point is around
$36.50, allowing for a slight retracement. Set a stop loss at
$35.00 to manage risk. Target 1 is
$39.00, approaching the recent high, and Target 2 is
$40.00, providing a further upside opportunity.
Monitor for any signs of reversal or weakness given the overbought conditions.
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