The Greedy Trader Weekly Analysis
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Archive
- 4/12/2019
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Automatic Data Processing Inc.
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Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionBroken uptrend resistance line - uptrend exhaustionRelative Strength Index is overboughtWilliams' Percentage Range and Lane's Stochastic are strongly overbought
Daily :Williams' Percentage Range is overboughtStochastic signal line moved below overbought areaLane's Stochastic and MACD bearish divergenceThe price has risen above the Parabolic SAR
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It was a third consecutive positive week for the Automatic Data Processing Inc. (ADP). During the week, the ADP gained 2.97 points, or 1.85%, and closed at 163.31 on Friday, April 12, 2019. Weekly volume was -49% below average.

ADP is a member of Technology Sector. Technology is the second 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 163.38 on April 12, 2019. ADP gained -136.92 points, or -517.46%, in 466 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (102.02) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See ADP medium-term trend chart]
A medium-term uptrend had started on August 24, 2015 at 64.29 and reached 163.38 on April 12, 2019. ADP gained -99.09 points, or -154.13%, in 189 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (123.63) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See ADP weekly technical indicators chart]
Weekly Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index or strongly overbought weekly Williams' Percentage Range and Lane's Stochastic. 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since February 8, 2019. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See ADP short-term trend chart]
A short-term uptrend had started on April 4, 2019 at 158.18 and reached 163.38 on April 12, 2019. ADP gained -5.20 points, or -3.29%, in 8 days. Price is near the trend high.

Daily Technical Indicators: [See ADP daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

The daily MACD line is above its signal line since April 11, 2019. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 78.83
Williams' Percentage Range (W%R) 11.50
Overbought
Lane's Stochastic (%D-Slow) 68.81
Bearish
Greed/Fear Indicator (GFI) 78.72
Moving Average Converg./Diverg. (MACD) 2.69 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 86.12
Overbought
Williams' Percentage Range (W%R) 2.90
Strong Overbought
Lane's Stochastic (%D-Slow) 93.80
Strong Overbought
Greed/Fear Indicator (GFI) 87.84
Overbought
Moving Average Converg./Diverg. (MACD) 3.62
Trading Signals
Description Value Chart
Upper Bollinger Band 164.53
Price 163.31
Weekly Stochastic Crossing 162.46
Daily Stochastic Crossing 161.73
20 Day Moving Average 158.36
Parabolic System 158.02
50 Day Moving Average 153.48
Lower Bollinger Band 152.27
Quarterly Trendline Resistance 143.22
Sector and Industry
Description Name Rank
Sector Technology 8
Industry Business Software & Svcs 133
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 158.18
Low Date 04/04/2019
High 163.38
High Date 04/12/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 148.15
Low Date 03/08/2019
High 163.38
High Date 04/12/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 121.40
Low Date 12/26/2018
High 163.38
High Date 04/12/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 143.22
Support 123.63
Low 64.29
Low Date 08/24/2015
High 163.38
High Date 04/12/2019
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 116.38
Support 102.02
Low 26.46
Low Date 05/06/2010
High 163.38
High Date 04/12/2019
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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