Is Paylocity Holding Corp. technically bullish or bearish?

As of 2 September 2025, the technical trend for Paylocity Holding Corp. has changed from mildly bearish to bearish. The current stance is bearish with a weak strength indicated by the MACD being bearish on both weekly and monthly time frames, and moving averages also showing a bearish signal on the daily chart. Bollinger Bands confirm the bearish outlook on both weekly and monthly periods. The KST is bearish weekly but bullish monthly, suggesting some divergence. Dow Theory and OBV both indicate a mildly bearish stance on weekly and monthly time frames.
In terms of performance, Paylocity has underperformed the S&P 500 across multiple periods, with a year-to-date return of -17.28% compared to the S&P 500's 12.22%, and a 3-year return of -33.68% versus the S&P 500's 70.41%.