AUTOMATIC DATA PROCESSING (ADP) Stock Technical Analysis
NASDAQ:ADP • US0530151036
Taking everything into account, ADP scores 0 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 negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, ADP is a bad performer in the overall market: 87% of all stocks are doing better.
- ADP is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- ADP is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- ADP has an average volume of 2812260 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- ADP is part of the Professional Services industry. There are 88 other stocks in this industry, ADP did better than 52% of them.
ADP has a poor technical rating and the quality of the setup is also not perfect 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.
More info and screens
212.33
3 important resistance areas can be observed.
- A resistance zone ranging from 214.48 to 218.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @254.60 from a trend line in the daily time frame.
- Resistance @266.10 from a horizontal line in the daily time frame.
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 | DOWN | NEGATIVE | The short term trend for ADP is down. |
| ChartMill Relative Strength | 13.5 | NEGATIVE | ADP has a low relative strength, it was outperformed by 86.5% 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) | DOWN | NEGATIVE | The current price of ADP is below a declining 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) | 25.16 | OVERSOLD | The low RSI value suggests ADP may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.28 | NEGATIVE | The MACD value suggests ADP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 17.17 | OVERSOLD | The low Stochastics value suggests ADP may be oversold. |
| Average True Range in percent/ATR (20) | 2.81 | MEDIUM VOLATILITY | The ATR as a percentage value for ADP suggests some volalility. |
| Average Directional Index/ADX (14) | 43.27 | POSITIVE | The high ADX value value for ADP suggests a strong trend. |
214.47
-1.5 (-0.69%)
AUTOMATIC DATA PROCESSING / ADP FAQ
Can you provide the ChartMill technical rating for AUTOMATIC DATA PROCESSING?
ChartMill assigns a technical rating of 0 / 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 25.158. This indicates that the stock is currently oversold.
What is the MACD signal for ADP stock?
The MACD indicator for AUTOMATIC DATA PROCESSING (ADP) has a value of -1.27566, indicating a bearish trend.
Can you provide the buy/sell signal for AUTOMATIC DATA PROCESSING?
The buy/sell signal for AUTOMATIC DATA PROCESSING (ADP) is sell as both the short term and long term trends are negative.