Uptrend Under Pressure 93
Institutional selling is building — 7 distribution days in the last 25 sessions. Severe risk · 93/100 · 7 distribution days (SPY) Sep 11 Full briefing →
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PAYX · Paychex, Inc.

$115.18 +0.37% Sep 10 close
Detected setup Trend Only · Setup Score 57/100

Stand aside — setup invalidated

Setup score 57, but distribution days reach 5 or more — stand aside until the condition resets.

2 independent risk warnings also present. Review before relying on the bullish setup.

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$PAYX

Paychex, Inc.

Paychex, Inc. is a large-cap Data Processing Services company in the Technology Services sector with a market cap of $41B.

Technology Services Data Processing Services stock Stage 2 · Advancing Base 1
$115.18 latest close
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Historical record

No active setup in the latest scan — this page shows the last detection Legend AI made for $PAYX. Every level, score and criterion below is computed from the Sep 10 close session (1 session old), and may no longer hold.

Historical verdict · setup score 57/100 · data Sep 10 close · 1 session old

Stand aside — setup invalidated

Setup score 57, but distribution days reach 5 or more — stand aside until the condition resets.

Review six verdicts Inspect chart
Earnings

Normal technical setup

Next earnings Wednesday, September 23, 2026 Report time not confirmed by the source

Deterministic evidence

PAYX+0.37%
Sector proxy · XLK-1.41%
Broad market · SPY-0.60%
Same completed session window ending 2026-09-10. PAYX was +1.78 points vs XLK. +0.97 points vs SPY.

Session internals Mixed

Rule: direction and internals disagree — it met neither the strong nor the weak rule. Judged on internals, not on the size of the move.

Vs prior close+0.37% From the open+0.15% Range position52% GapNo gap
QQQ confirmationDiverging (-1.06%) SMH confirmationDiverging (-2.44%)
Short-term conviction -1 points.
  • QQQ, SMH moved against the stock — no index confirmation.
Price bars, sourced event fields, and benchmark math only. This can adjust displayed short-term conviction; it does not change the stored scanner score or readiness.

Ask a Legend to interpret this evidence → Commentary only — never scanner evidence or a sizing recommendation.

Price $115.18 +0.4% Sep 10 close
52W High $136.05 14.1% below high
Wks Since High 49w
Base Depth 36.8% 37.2% today
RS Rank 12 percentile of scan
SMA 50 $117.35
Avg Vol 2,760,663
Rel Vol (Sep 10) 0.77×
More stats
52W Low $85.45
Tight Wks 0
Base B1
SMA 200 $104.12
RS Line vs High -26.9%
RS Line Slope -3.0% ▼
Group Rank #54/58
ADR% 2.2%
ATR(14) $2.72 (2.4%)
Vol Pace (live) N/A
U/D Vol 1.07
A/D Days 20A / 16D
A/D Rating A
VDU Bars 1/10 d
Earnings in 11d
Position in 52-week range 59thpercentile of the 52-week range
$85.45low
$136.05high

PAYX Chart

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Technical Analysis Report Card

$PAYX · $115.18 · as of 2026-09-10 · multi-factor read
44
/ 100
Technicals 44/100
Reference read from price & volume only — the verdict at the top of the page decides the action.

Trend · Daily / Weekly / Monthly

Daily ▬ Sideways / consolidating
Weekly ▬ Sideways / consolidating
Monthly ▬ Sideways / consolidating

Moving Averages

50-day$117.35 ↓
100-day$106.53 ↑
200-day$104.12 ↑
Bullish (50 > 200)

RSI (14)

Reading38.6 · Bearish

Bearish momentum — sellers in control.

MACD (12/26/9)

StateWeakening
Histogram-1.707

Weakening — MACD slipped below its signal line. Histogram contracting.

Bollinger Bands (20,2)

%B / Width1% · 12.5%

Near the lower band — under pressure or oversold.

Volume · Buyer vs Seller

Up/Down vol1.07 · Neutral
Rel volume0.77×

Balanced — up/down volume is roughly even; no clear hand. Recent volume is easing versus its baseline.

Support & Resistance

R · $117.72swing level
R · $125.32swing level
R · $127.98swing level
Price · $115.18now
S · $109.38swing level
S · $97.26swing level
S · $93.02swing level

Fibonacci · Uptrend swing

23.6%$117.94
38.2%$111.73
50.0%$106.72
61.8%$101.70
78.6%$94.55

Retracement support zones measured from the recent swing low up to the high.

The verdict is free. The trade plan is Pro.
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Above 200-day MA50/200 bullishRS 21 (laggard)
Want this read in a legend's voice? Ask a Legend about PAYX
Generic technical analysis generated mechanically from price & volume — educational research only, not financial advice or a personalized recommendation. Levels are illustrative; confirm on your own chart. New to these terms? →
Legend Verdicts 6 methodology checks

Who would consider this setup, why it qualifies, and what blocks it — calculated from the same deterministic methodology rules used across Legend AI.

Council consensus: 4 of 6 legends are Watching — building, not yet a confirmed buy.
Minervini
Avoid
Minervini D

Trend-template read: fails 150-day MA > 200-day MA.

Passing evidence
1.1 Price > 150-day MA AND 200-day MAPrice $116.93, MA150 $101.78, MA200 $104.06
1.4 50-day MA > 150-day MA AND 200-day MAMA50 $116.71, MA150 $101.78, MA200 $104.06
Failing evidence
1.2 150-day MA > 200-day MAMA150 $101.78 vs MA200 $104.06
1.8 RS rank ≥ 70 (prefer ≥ 85)RS rank 21
5/11 checks
Method → Playbook → Ask →
O'Neil
Avoid
O'Neil D

CANSLIM read: fails C: Quarterly EPS acceleration ≥ 25%.

Passing evidence
N: Near 52-week high or RS line new high14.1% below high | RS line new high: False
S: Base tightness (ATR% ≤ 4.5%)ATR% 2.45%
Failing evidence
L: RS rank ≥ 80 (IBD leadership)RS rank 21
C: Quarterly EPS acceleration ≥ 25%Data unavailable
2/8 checks
Method → Playbook → Ask →
Weinstein
Watch
Weinstein C

Stage-analysis read: Stage 2 is present; 2 supporting checks need improvement.

Passing evidence
Stage 2 (Advancing phase) confirmedStage 2 (Advancing)
Price above 30-week MA (200-day proxy)Price $116.93 vs MA200 $104.06
Failing evidence
Volume expansion above averageVolume ratio 1.14x
Relative strength ≥ 60RS 21
5/7 checks
Method → Playbook → Ask →
Livermore
Watch
Livermore B

Pivotal-point read: constructive evidence is present, but relative strength is unresolved.

Passing evidence
Price$116.93
Distance from 52-week high14.1% below high
Failing evidence
Relative strengthRS 21
Volume vs average1.14x
3/6 checks
Method → Playbook → Ask →
Darvas
Watch
Darvas B

Box-theory read: constructive evidence is present, but relative strength is unresolved.

Passing evidence
Price$116.93
Distance from 52-week high14.1% below high
Failing evidence
Relative strengthRS 21
Volume vs average1.14x
3/6 checks
Method → Playbook → Ask →
Wyckoff
Watch
Wyckoff B

Supply-and-demand read: constructive evidence is present, but relative strength is unresolved.

Passing evidence
Price$116.93
Distance from 52-week high14.1% below high
Failing evidence
Relative strengthRS 21
Volume vs average1.14x
3/6 checks
Method → Playbook → Ask →
Base & Breakout
Breakout follow-through

No active breakout tracked — Legend AI monitors daily for pivot-point breaks. What's a breakout?

Unlock Base & Breakout Tracking
RS Line vs SPY 52-week relative strength · blue = RS line · dashed = MA50 · dot = NH ▼ Falling
74RS Line (52W)
Accumulation / Distribution last 65 sessions · green = acc on high vol · red = dist on high vol Net +6 A
A: 17 D: 11 Net: +665 sessions
Minervini · Grade Card
Fundamentals & leadership quality — Minervini’s published criteria · 2/7 met
C 2/7 criteria
Separate score from the Minervini Trend Template (5/8): the Trend Template grades the price structure, this grades the company & leadership (earnings, sales, margins, RS rank). A stock can ride a clean trend while its fundamentals lag, so the two often differ by design — they are not the same checklist.
✗ EPS acceleration ≥25% QoQ —
✗ Revenue growth ≥20% YoY +17%
✗ Gross margin ≥30% —
✗ ROE ≥17% —
✗ RS rating ≥80 (leadership) 21
✓ Stage 2 uptrend (Weinstein) Stage 2
✓ Within 25% of 52W high -15.3%

Method Playbook

Trade it like Livermore EXACT LEVELS · PRO
Livermore B · Watch — The deterministic methodology check is Watch; wait for the failing or incomplete criteria to improve before the trigger can qualify.
Pivot
Pro level
Published-method rule: Treat the resistance break as a pivotal point only while the primary trend and relative strength remain aligned.
Evidence: Canonical setup geometry is available with Pro.
Entry trigger
Pro level
Published-method rule: Wait for price and volume to confirm the pivotal-point break; anticipation below the line is not confirmation.
Evidence: Canonical setup geometry is available with Pro.
Initial stop
Pro level
Published-method rule: Place the initial stop below the pivotal line or the reaction low that would prove the breakout false.
Evidence: Canonical setup geometry is available with Pro.
Trail
Rule-based
Published-method rule: Raise protection beneath successive higher reaction lows as the trend advances; never move a protective line farther away.
Evidence: Planned management rule; no stored stop or broker order is changed automatically.
Exit / invalidation
Pro level
Published-method rule: Exit when price fails the pivotal line, breaks the latest meaningful reaction low, or shows abnormal reversal action.
Evidence: Canonical setup geometry is available with Pro.
Deterministic educational plan, not a recommendation. No order or stop is changed automatically. Method and sources →

Pattern Analysis (historical)

Trend Only
57 setup score
RS Score 21
Trend template 5/8
Why This Setup? D+W Confluence
The Universal Edge Check · context only

What the setup still has going for it, recorded for later. The verdict above stands — these principles do not overrule it.

1/7 universals met
  • A relative-strength leader — not met RS rank 12 — laggard
  • Risk is defined — not met No stop — undefined risk
  • Asymmetric reward — partly met No target set
  • Clear of earnings — partly met in 11 days — size down
  • Not chasing (in range) — partly met Pivot distance unknown
  • Volume confirms — partly met 0.8× average — light
  • In a confirmed uptrend — met Stage 2 · Trend template 5/8
Why these seven? → The Universal Edge

Minervini Trend Template

5/8

Grades the price structure — moving-average stacking, distance from the 52-week high/low, and relative strength above the ≥70 uptrend bar. This is the technical trend check; the company's fundamentals and ≥80 RS leadership are scored separately in the Grade Card.

Price above SMA 150 & 200 $115.18 vs SMA150 $102.01 / SMA200 $104.12
SMA 150 above SMA 200 SMA150 $102.01 vs SMA200 $104.12
SMA 200 trending up Slope +0.81 over 20 days
SMA 50 above SMA 150 & 200 SMA50 $117.35
Price above SMA 50 $115.18 vs SMA50 $117.35
30%+ above 52-week low +34.8% from $85.45
Within 25% of 52-week high -15.3% from $136.05
RS score above 70 RS 21

Fundamentals

52W Range
59%
Mkt Cap SEC
41.0B
Rev YoY
+17%
EPS TTM
$4.89
P/E TTM
23.6x
Float
356M

Company

Company profile
Paychex, Inc.
PAYX · NASDAQ · Technology Services · Data Processing Services
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Weekly Context

Multi-timeframe signals from weekly bars
W. Trend
6/8
W. RS
64
W. Support
$85.45
W. Resist
$127.98
W. Patterns
Base Breakout
Weekly Structure

Scan History

Sep 08: 61 (Trend Only)Sep 08: 62 (Trend Only)Sep 09: 57 (Trend Only)57
Sep 09
Trend Only ✓ Gate
57
Sep 08
Trend Only ✓ Gate
62 -1.5%
Sep 08
Trend Only ✓ Gate
61 -1.5%

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