1. Exit Case: Paycom Software Inc (NYSE: PAYC) 

Overview: Paycom Software, Inc. is a provider of a comprehensive, cloud-based human capital management (HCM) solution delivered as software-as-a-service (SaaS). The Company provides functionality and data analytics. Its solution requires virtually no customization and is based on a core system of record maintained in a single database for all HCM functions, including talent acquisition, time and labor management, payroll, talent management and human resources (HR) management applications.

PAYC has been a part of the ‘Value Model Portolio’ since 30 July 2024, however, considering the recent rally, trading near the resistance in the stock, support & resistance levels, and ~28.13% upside from the entry price, an ‘Exit’ is recommended from the stock near the resistance of USD 212.01, as on (04^th November 2024).

Paycom Software Inc(NYSE: PAYC), part of Kalkine’s US Value Model Portfolio, has reached near its resistance level around which an exit case emerges.

1.1 Support and Resistance Summary as provided in our last published report dated 30th July 2024.

1.2 Paycom Software Inc (NYSE: PAYC)

2. New Entry Case: Tesla Inc (NASDAQ: TSLA) 

Overview: Tesla, Inc. designs, develops, manufactures, sells and leases high-performance fully electric vehicles and energy generation and storage systems, and offers services related to its products. The Company's segments include automotive, and energy generation and storage. 

Technical Analysis: The Relative Strength Index (RSI) over a 14-day period stands at a value of 52.29, currently recovering from higher levels, with expectations of a consolidation or an upward momentum once USD 230.00-USD240.00 important support levels hold. Additionally, the stock's current positioning is above both the 50-period SMA and 200-period SMA, which may serve as dynamic short to medium-term support levels.

Considering the above mentioned factors, technical analysis, support & resistance levels, key risks and outlook an ‘Entry’ is recommended in the ‘Value Model Portfolio’ at the current market price of USD 244.73, as on 04^th November 2024.

2.1 Support and Resistance Summary as on 04^th November 2024

2.2 One Year Technical Price Chart (NASDAQ: TSLA)

Note 1: Past performance is neither an Indicator nor a guarantee of future performance.

Note 2: The reference date for all price data, and currency as of (04^thNovember 2024). The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings.

Disclaimer

This information should not be relied upon as personal financial advice by Kalkine on (i) the stocks or (ii) the use or suitability of the model portfolios. Only an investor knows about their circumstances to make an investment decision.

Model Portfolio has been prepared for illustrative purpose only and does not consider the objectives, financial situation or needs of any investor. Accordingly, investors should, before acting on the information, consider its appropriateness, having regard to their objectives, financial situation and needs. Past performance is not necessarily indicative of future performance results. Actual investment returns will vary, and the value of investments can go up or down.