Dayforce, Inc. is a global human capital management (HCM) software company. Co.'s Dayforce, which is a flagship cloud HCM platform, provides a full suite of HCM functionality, including global human resources (HR), payroll and tax, workforce management, benefits, and talent intelligence functionality. Co. also sells Powerpay, a cloud HR and payroll solution for the Canadian small business market, through both direct sales and established partner channels. Dayforce Human Resources provides HR professionals, managers, and employees a single, complete record of all of their HR information.
When researching a stock like Dayforce, many investors are the most familiar with Fundamental Analysis — looking at a company's balance sheet, earnings, revenues, and what's happening in that company's underlying business. Investors who use Fundamental Analysis to identify good stocks to buy or sell can also benefit from DAY Technical Analysis to help find a good entry or exit point. Technical Analysis is blind to the fundamentals and looks only at the trading data for DAY stock — the real life supply and demand for the stock over time — and examines that data in different ways. One of those ways is to calculate a Simpe Moving Average ("SMA") by looking back a certain number of days. One of the most popular "longer look-backs" is the DAY 200 day moving average ("DAY 200 DMA"), while one of the most popular "shorter look-backs" is the DAY 50 day moving average ("DAY 50 DMA"). A chart showing both of these popular moving averages is shown on this page for Dayforce. Comparing two moving averages against each other can be a useful visualization tool: by calculating the difference between the DAY 200 DMA and the DAY 50 DMA, we get a moving average convergence divergence indicator ("DAY MACD"). The DAY MACD chart, in conjunction with the chart of the moving averages, basically helps in visualizing how the moving averages are showing convergence (moving closer together), or divergence (moving farther apart). |
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Video: Technical Analysis