ADP Technical Analysis - ADP

Technical Rating and Analysis

We assign a technical rating of 1 out of 10 to ADP. ADP scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

When comparing the yearly performance of all stocks, ADP is a bad performer in the overall market: 71% of all stocks are doing better.

In the last month ADP has a been trading in the 109.30 - 123.30 range, which is quite wide. It is currently trading near the lows of this range.

The short term trend is negative, the long term trend is neutral. Not much exciting going on here.

ADP is part of the Transportation Infrastructure industry. There are 12 other stocks in this industry, ADP did better than 54% of them.

ADP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ADP is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

The technical rating of ADP is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

108.50

125.64

When analyzing the resistance we notice 2 important areas.

A resistance zone ranging from 110.73 to 113.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 122.00 to 124.40. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	NEUTRAL	NEUTRAL	The long term trend for ADP.PA is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for ADP.PA is down.
ChartMill Relative Strength	29.58	NEGATIVE	ADP.PA has a low relative strength, it was outperformed by 70.42% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of ADP.PA is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of ADP.PA is below the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of ADP.PA is above a declining SMA(200).
Relative Strength Index/RSI (14)	37.48	NEUTRAL	The RSI value for ADP.PA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.39	NEGATIVE	The MACD value suggests ADP.PA has a negative trend.
Stochastics (14,3)	18.39	OVERSOLD	The low Stochastics value suggests ADP.PA may be oversold.
Average True Range in percent/ATR (20)	1.99	LOW VOLATILITY	The low ATR as a percentage value for ADP.PA suggests low volalility.
Average Directional Index/ADX (14)	17.07	NEGATIVE	The low ADX value for ADP.PA suggests a weak or negative trend.