AUTOMATIC DATA PROCESSING (ADP) Stock Technical Analysis
NASDAQ:ADP - Nasdaq - US0530151036 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to ADP. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month ADP has a been trading in the 305.28 - 329.93 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
When comparing the yearly performance of all stocks, we notice that ADP is one of the better performing stocks in the market, outperforming 82% of all stocks. On top of that, ADP also shows a nice and consistent pattern of rising prices.
ADP is one of the better performing stocks in the Professional Services industry, it outperforms 83% of 82 stocks in the same industry.
ADP is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so ADP is performing more or less in line with the market.
ADP has an average volume of 1785440 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
Although ADP has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
261.12
330.09
When analyzing the support we can see 4 important areas.
- Support @299.10 from a trend line in the weekly 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 @269.56 from a horizontal line in the daily time frame.
- Support @263.76 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 318.64 to 321.18. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for ADP is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ADP is down. |
| ChartMill Relative Strength | 82.34 | POSITIVE | ADP has a high relative strength, it outperformed 82.34% 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) | UP | POSITIVE | The current price of ADP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 35.38 | NEUTRAL | The RSI value for ADP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.87 | NEGATIVE | The MACD value suggests ADP has a negative trend. |
| Stochastics (14,3) | 10.64 | OVERSOLD | The low Stochastics value suggests ADP may be oversold. |
| Average True Range in percent/ATR (20) | 1.51 | LOW VOLATILITY | The low ATR as a percentage value for ADP suggests low volalility. |
| Average Directional Index/ADX (14) | 24.83 | NEUTRAL | The ADX value for ADP suggests a possible start of a new 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)
306.82
-2.93 (-0.95%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryProfessional Services
Performance
% Chg-0.95%
1 Week-6.12%
2 Weeks-5.75%
1 Month-2.86%
3 Month5.16%
6 Month3.39%
12 Month26.46%
2 Year39.6%
3 Year46.08%
5 Year106.07%
10 Year282.43%
15 Year662.1%
Volatility
ATR(14)4.94
ATR(20)%1.51%
ATR Inc58.14%
Range Today5.11
ADR(20)4.55
ADR(20)%1.48%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.34
Mansfield0.19
10 Day High329.93
10 Day Low305.28
20 Day High329.93
20 Day Low305.28
52 Week High329.93
52 Week Low231.27
CS1 End299.1
CR1 Start318.64
Volume & EV
DER(3)-0.18%
DER(5)-0.8%
Volume2.02M
Volume Incr2.74%
Vol(5)1.51M
Vol(50)1.79M