Paycom Software is a provider of cloud-based human capital management (HCM) solution delivered as Software-as-a-Service. Co. provides functionality and data analytics that businesses need to manage the complete employment lifecycle, from recruitment to retirement. Co.'s solution requires virtually no customization and is based on a main system of record maintained in a single database for various HCM functions, including talent acquisition, time and labor management, payroll, talent management and human resources management applications. Because Co.'s solution was developed in-house and is based on a single platform, there is no need to integrate, update or access multiple databases.
When researching a stock like Paycom Software, 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 PAYC 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 PAYC 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 PAYC 200 day moving average ("PAYC 200 DMA"), while one of the most popular "shorter look-backs" is the PAYC 50 day moving average ("PAYC 50 DMA"). A chart showing both of these popular moving averages is shown on this page for Paycom Software. Comparing two moving averages against each other can be a useful visualization tool: by calculating the difference between the PAYC 200 DMA and the PAYC 50 DMA, we get a moving average convergence divergence indicator ("PAYC MACD"). The PAYC 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). |
Free PAYC Email Alerts:
Video: Technical Analysis