AUTOMATIC DATA PROCESSING (ADP) Stock Technical Analysis
USA - NASDAQ:ADP - US0530151036 - Common Stock
291.54 USD
+2.65 (+0.92%)
291.54 USD
0 (0%)
Taking everything into account, ADP scores 1 out of 10 in our technical rating. 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
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 1680220 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, ADP outperforms 43% of them, which is more or less in line with the market.
ADP is an average performer in the Professional Services industry, it outperforms 66% of 82 stocks in the same industry.
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 bad, ADP does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 299.80. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 290.87, a Stop Loss order could be placed below this zone.
More info and screens
282.00
330.09
When analyzing the support we notice one important area.
- A support zone ranging from 284.85 to 290.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 299.80 to 300.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @311.40 from a horizontal line in the daily time frame.
- 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 | 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 | 43.27 | 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) | DOWN | NEGATIVE | The current price of ADP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.06 | NEUTRAL | The RSI value for ADP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ADP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 46.32 | NEUTRAL | The Stochastics value for ADP is a neutral value. |
| Average True Range in percent/ATR (20) | 1.86 | LOW VOLATILITY | The low ATR as a percentage value for ADP suggests low volalility. |
| Average Directional Index/ADX (14) | 42.62 | 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)
291.54
+2.65 (+0.92%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryProfessional Services
Performance
% Chg0.92%
1 Week-0.16%
2 Weeks-0.67%
1 Month-4.13%
3 Month-3.92%
6 Month-3.09%
12 Month6.84%
2 Year21.18%
3 Year28.89%
5 Year109%
10 Year262.79%
15 Year593.65%
Volatility
ATR(14)5.42
ATR(20)%1.86%
ATR Inc-14.17%
Range Today4.16
ADR(20)5.27
ADR(20)%1.81%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS43.27
Mansfield-1.29
10 Day High294.93
10 Day Low282.27
20 Day High305.31
20 Day Low282.27
52 Week High329.93
52 Week Low272.18
CS1 End290.87
CR1 Start299.8
Volume & EV
DER(3)0.19%
DER(5)0.98%
Volume1.70M
Volume Incr25.28%
Vol(5)2.23M
Vol(50)1.68M