AUTOMATIC DATA PROCESSING (ADP) Stock Technical Analysis
NASDAQ:ADP - Nasdaq - US0530151036 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to ADP. ADP has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
ADP is part of the Professional Services industry. There are 82 other stocks in this industry. ADP outperforms 70% of them.
ADP has an average volume of 1600160 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
When comparing the performance of all stocks over the past year, ADP turns out to be only a medium performer in the overall market: it outperformed 64% of all stocks.
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.
In the last month ADP has a been trading in a tight range between 296.46 and 311.99.
Although the technical rating is bad, ADP does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 299.15, a Stop Loss order could be placed below this zone.
More info and screens
263.97
330.09
We found 3 important support areas.
- A support zone ranging from 298.19 to 299.15. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 286.12 to 286.85. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @266.64 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 303.79 to 306.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @318.64 from a horizontal line in the daily time frame.
- A resistance zone ranging from 326.82 to 326.82. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for ADP is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ADP is down. |
| ChartMill Relative Strength | 64.8 | NEUTRAL | ADP is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of ADP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.71 | NEUTRAL | The RSI value for ADP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.34 | NEGATIVE | The MACD value suggests ADP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 31.77 | NEUTRAL | The Stochastics value for ADP is a neutral value. |
| Average True Range in percent/ATR (20) | 1.7 | LOW VOLATILITY | The low ATR as a percentage value for ADP suggests low volalility. |
| Average Directional Index/ADX (14) | 29.07 | POSITIVE | The high ADX value value for ADP suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
301.79
-0.33 (-0.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryProfessional Services
Performance
% Chg-0.11%
1 Week-0.28%
2 Weeks-2.4%
1 Month-1.62%
3 Month2.9%
6 Month1.89%
12 Month22.2%
2 Year22.05%
3 Year25.16%
5 Year127.06%
10 Year278.32%
15 Year631.26%
Volatility
ATR(14)4.47
ATR(20)%1.7%
ATR Inc-24.04%
Range Today3.88
ADR(20)5.03
ADR(20)%1.67%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS64.8
Mansfield-0.56
10 Day High310.81
10 Day Low296.46
20 Day High311.99
20 Day Low296.46
52 Week High329.93
52 Week Low245.8
CS1 End299.15
CR1 Start303.79
Volume & EV
DER(3)-0.23%
DER(5)-0.11%
Volume1.65M
Volume Incr-28.05%
Vol(5)1.32M
Vol(50)1.60M