AUTOMATIC DATA PROCESSING (ADP) Stock Technical Analysis
NASDAQ:ADP - Nasdaq - US0530151036 - Common Stock - Currency: USD
Taking everything into account, ADP scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ADP is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that ADP is one of the better performing stocks in the market, outperforming 87% of all stocks. On top of that, ADP also shows a nice and consistent pattern of rising prices.
ADP is part of the Professional Services industry. There are 82 other stocks in this industry. ADP outperforms 82% of them.
ADP is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so ADP is leading the market.
In the last month ADP has a been trading in the 288.34 - 323.66 range, which is quite wide. It is currently trading near the high of this range.
ADP has an average volume of 1848530 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although ADP has an excellent technical rating, it does not present a decent entry opportunity 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
259.42
326.20
5 important support areas can be observed.
- A support zone ranging from 300.90 to 308.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @295.21 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 @262.04 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 321.66 to 322.97. 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 | UP | POSITIVE | The short term trend for ADP is up. |
| ChartMill Relative Strength | 87.48 | POSITIVE | ADP has a high relative strength, it outperformed 87.48% off all stocks 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) | UP | POSITIVE | The current price of ADP is above the rising 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) | 70.05 | OVERBOUGHT | The high RSI value suggests ADP may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.73 | POSITIVE | The MACD value suggests ADP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 95.18 | OVERBOUGHT | The high Stochastics value suggests ADP may be overbought. |
| Average True Range in percent/ATR (20) | 1.53 | LOW VOLATILITY | The low ATR as a percentage value for ADP suggests low volalility. |
| Average Directional Index/ADX (14) | 24.48 | 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)
321.65
-0.98 (-0.3%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryProfessional Services
Performance
% Chg-0.3%
1 Week1.84%
2 Weeks4.74%
1 Month9.2%
3 Month3.5%
6 Month5.41%
12 Month29.23%
2 Year53.91%
3 Year44.28%
5 Year119.57%
10 Year276.16%
15 Year686.82%
Volatility
ATR(14)4.22
ATR(20)%1.53%
ATR Inc-31.86%
Range Today3.06
ADR(20)4.8
ADR(20)%1.49%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.48
Mansfield1.04
10 Day High323.66
10 Day Low305.21
20 Day High323.66
20 Day Low288.34
52 Week High323.66
52 Week Low231.27
CS1 End308.17
CR1 Start321.66
Volume & EV
DER(3)-0.17%
DER(5)0.48%
Volume1.27M
Volume Incr-11.53%
Vol(5)1.44M
Vol(50)1.85M