AUTOMATIC DATA PROCESSING (ADP) Stock Technical Analysis
NASDAQ:ADP - Nasdaq - US0530151036 - Common Stock - Currency: USD
Overall ADP gets a technical rating of 4 out of 10. ADP has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
ADP is one of the better performing stocks in the Professional Services industry, it outperforms 76% of 82 stocks in the same industry.
In the last month ADP has a been trading in the 296.46 - 315.98 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 1644610 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When compared to the yearly performance of all other stocks, ADP outperforms 58% of them, which is more or less in line with the market.
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.
Although the technical rating is only medium, ADP does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 304.90, a Stop Loss order could be placed below this zone.
More info and screens
265.69
330.09
3 important support areas can be observed.
- A support zone ranging from 297.54 to 304.90. This zone is formed by a combination of multiple trend lines and important moving averages 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 @268.37 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 306.17 to 311.40. 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 | NEUTRAL | NEUTRAL | The short term trend for ADP is neutral. |
| ChartMill Relative Strength | 58.33 | NEUTRAL | ADP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ADP is above the rising 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) | 50.9 | NEUTRAL | The RSI value for ADP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests ADP has a positive trend. |
| Stochastics (14,3) | 28.79 | NEUTRAL | The Stochastics value for ADP is a neutral value. |
| Average True Range in percent/ATR (20) | 1.56 | LOW VOLATILITY | The low ATR as a percentage value for ADP suggests low volalility. |
| Average Directional Index/ADX (14) | 26.98 | 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)
305.81
+2.32 (+0.76%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryProfessional Services
Performance
% Chg0.76%
1 Week1.79%
2 Weeks-0.91%
1 Month1.04%
3 Month-0.62%
6 Month-0.05%
12 Month16.64%
2 Year20.11%
3 Year25.12%
5 Year119.87%
10 Year295.51%
15 Year692.05%
Volatility
ATR(14)5.24
ATR(20)%1.56%
ATR Inc-27.08%
Range Today3.21
ADR(20)4.67
ADR(20)%1.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS58.33
Mansfield-0.58
10 Day High315.98
10 Day Low298.66
20 Day High315.98
20 Day Low296.46
52 Week High329.93
52 Week Low258.63
CS1 End304.9
CR1 Start306.17
Volume & EV
DER(3)-2.68%
DER(5)-1.31%
Volume879.30K
Volume Incr3.21%
Vol(5)1.52M
Vol(50)1.64M