The Greedy Trader Weekly Analysis
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Price vs. 50 Day Moving Average:Near
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Moving Average Crossover - stock market timing alerts.
The moving average is one of the oldest analytical tools for stock market alerts. It shows the average value of the stock price over a period of time and is used to emphasize the direction of a trend. While price is below the moving average, it is considered as bearish behaviour in relation to the trend length being viewed. When price falls from the level above the moving average to the level below the moving average, it warns that the price trend being viewed may be weakening, and it presents stock market timing alerts. The moving average is a lagging indicator of the price trend. Moving average and stock price crossover is a stock trading signal. The basic interpretation is to buy when the stock price moves above its moving average and to sell when the price moves below its moving average. The length of the moving average should match the trend time frame. We use 20 day moving average crossover to identify weekly trend and 50 day moving average crossover for monthly trend stock market alerts.
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- 5/22/2020 -
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Automatic Data Processing Inc. (ADP)

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Summary:
Weekly :Overbought sectorPrice is near the Fibonacci 38.2% retracement level
Daily :Williams' Percentage Range is oversoldPrice is close to the 50 Day Moving AveragePrice is near the Fibonacci 23.6% retracement level
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It was a first positive week for the Automatic Data Processing Inc. (ADP). During the week, the ADP climbed 0.02 points, or 0.01%, and closed at 134.87 on Friday, May 22, 2020. Weekly volume was -28% below average.

ADP is a member of Information Technology Sector. Information Technology is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See ADP long-term trend chart]
A long-term uptrend had started on May 6, 2010 at 26.46 and reached 182.32 on February 18, 2020. ADP gained -155.86 points, or -589.04%, in 510 weeks. The price is now at the 30.44% retracement level.

Medium-term trend: [See ADP medium-term trend chart]
A medium-term downtrend had started on February 18, 2020 at 182.32 and reached 103.11 on March 18, 2020. ADP lost 79.21 points, or 43.45%, in 4 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Weekly Technical Indicators: [See ADP weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since February 21, 2020. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See ADP short-term trend chart]
A short-term downtrend had started on May 8, 2020 at 149.78 and reached 130.64 on May 14, 2020. ADP lost 19.14 points, or 12.78%, in 6 days. Price is near the Fibonacci 23.6% retracement level.

Daily Technical Indicators: [See ADP daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.

The daily MACD line is below its signal line since May 12, 2020. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

Price is close to the 50 Day Moving Average. While daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 33.44
Williams' Percentage Range (W%R) 87.70
Oversold
Lane's Stochastic (%D-Slow) 22.09
Greed/Fear Indicator (GFI) 22.62
Moving Average Converg./Diverg. (MACD) -0.76
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 32.86
Williams' Percentage Range (W%R) 62.30
Lane's Stochastic (%D-Slow) 62.24
Greed/Fear Indicator (GFI) 48.68
Moving Average Converg./Diverg. (MACD) -6.24
Trading Signals
Description Value Chart
Upper Bollinger Band 148.41
Weekly Stochastic Crossing 142.13
Parabolic System 141.47
20 Day Moving Average 140.50
50 Day Moving Average 135.66
Price 134.87
Daily Stochastic Crossing 132.87
Lower Bollinger Band 127.94
Sector and Industry
Description Name Rank
Sector Information Technology 11
Industry Internet Services & Infrastructure 104
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 130.64
Low Date 05/14/2020
High 137.62
High Date 05/19/2020
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 149.78
High Date 05/08/2020
Low 130.64
Low Date 05/14/2020
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 103.11
Low Date 03/18/2020
High 149.78
High Date 05/08/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 182.32
High Date 02/18/2020
Low 103.11
Low Date 03/18/2020
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 26.46
Low Date 05/06/2010
High 182.32
High Date 02/18/2020
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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