Taking everything into account, ADP scores 1 out of 10 in our technical rating. 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.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- When comparing the yearly performance of all stocks, ADP is a bad performer in the overall market: 79% of all stocks are doing better.
- ADP is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month ADP has a been trading in the 251.65 - 268.08 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- ADP has an average volume of 2222000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- ADP is an average performer in the Professional Services industry, it outperforms 58% of 88 stocks in the same industry.
Although the technical rating is bad, ADP does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 255.56, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
246.56
We found 1 important support area.
- A support zone ranging from 249.05 to 255.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 257.86 to 266.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | DOWN | NEGATIVE | The long term trend for ADP is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ADP is neutral. |
| ChartMill Relative Strength | 21.1 | NEGATIVE | ADP has a low relative strength, it was outperformed by 78.9% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ADP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ADP is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ADP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.8 | NEUTRAL | The RSI value for ADP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.37 | NEGATIVE | The MACD value suggests ADP has a negative trend. |
| Stochastics (14,3) | 35.67 | NEUTRAL | The Stochastics value for ADP is a neutral value. |
| Average True Range in percent/ATR (20) | 1.69 | LOW VOLATILITY | The low ATR as a percentage value for ADP suggests low volalility. |
| Average Directional Index/ADX (14) | 13.21 | NEGATIVE | The low ADX value for ADP suggests a weak or negative trend. |
256.99
+1.89 (+0.74%)
AUTOMATIC DATA PROCESSING / ADP FAQ
Can you provide the ChartMill technical rating for AUTOMATIC DATA PROCESSING?
ChartMill assigns a technical rating of 1 / 10 to ADP.
What is the trend direction for ADP stock?
The current trend direction for AUTOMATIC DATA PROCESSING (ADP) is Bearish.
What is the RSI signal for ADP stock?
AUTOMATIC DATA PROCESSING (ADP) has an RSI value of 45.7963. This indicates that the stock is currently neutral.
What is the MACD signal for ADP stock?
The MACD indicator for AUTOMATIC DATA PROCESSING (ADP) has a value of -0.373001, indicating a bearish trend.