Coming back to the resistance at USD 30, this level may stimulate price's relapse.
Fundamentals of Paylocity Holding Corp remain extremely volatile. Analysts revised downwards EPS estimates of the group and it announces important falls to come in terms of profitability and a slowdown in their activity.
After a bullish period on later sessions toward the midterm resistance at USD 30, prices may consolidate on this area and the return to price levels close to the USD 25.2 support. As the resistance represents a key level, a bearish scenario could be preferred although the breakout over this threshold would invalidate all bearish anticipations.
Most active investors could open short positions on Paylocity Holding close to USD 30. The target being set at USD 27.9 will correspond to a potential gain of 7%. A stop loss could be placed at USD 31.1, threshold invalidating the bearish strategy.
Paylocity Holding Corporation is a cloud-based provider of human capital management (HCM) and payroll software solutions. The Companyâs services are provided in a software-as-a-service (SaaS) delivery mode. Its HCM and payroll software solutions deliver a unified platform for the modern workplace. It offers a product suite that helps businesses attract and retain talent, build culture and connections with their employees and streamline and automate Human Resources (HR) and payroll processes. The Company's product suite comprises payroll, human resources, time & labor, talent, benefits, employee experiences, insights & recommendations, implementation and training services and tax and regulatory services. Its software solutions offer its clients automated data integration with third-party partner systems in its Integration Marketplace, such as 401(k), benefits and insurance provider systems. It provides its SaaS solutions to approximately 36,200 clients across the United States.
PAYLOCITY HOLDING CORPORATION 
