The Greedy Trader Weekly Analysis
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Number of records: 2
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Automatic Data Processing Inc.
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Summary:
Weekly :Broken trend resistance line
Daily :Lane's Stochastic is overbought
Move cursor over the icon to see details.

It was a third positive week after 3 consecutive negative weeks for the Automatic Data Processing Inc. (ADP). During the week, the ADP climbed 0.41 points, or 0.31%, and closed at 131.65 on Friday, January 11, 2019. ADP was trading at average weekly trading volume.

Long-term trend: [See ADP long-term trend chart]
A long-term uptrend had started on May 6, 2010 at 26.46 and reached 153.51 on October 3, 2018. ADP gained -127.05 points, or -480.16%, in 438 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (100.03) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 downtrend had started on October 3, 2018 at 153.51 and reached 121.40 on December 26, 2018. ADP lost 32.11 points, or 20.92%, in 12 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 118.09 and resistance is at 147.29. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.

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

The weekly MACD line is below its signal line since October 12, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. 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 December 26, 2018 at 121.40 and reached 132.58 on January 10, 2019. ADP gained -11.18 points, or -9.21%, in 15 days. The price is now at the 8.32% retracement level.

Daily Technical Indicators: [See ADP daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily 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 link to access Lane's Stochastic help.

The daily MACD line is above its signal line since January 3, 2019. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.13
Williams' Percentage Range (W%R) 42.80
Lane's Stochastic (%D-Slow) 89.18
Overbought
Greed/Fear Indicator (GFI) 66.18
Moving Average Converg./Diverg. (MACD) -2.87
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 36.57
Williams' Percentage Range (W%R) 67.60
Lane's Stochastic (%D-Slow) 24.99
Greed/Fear Indicator (GFI) 34.61
Moving Average Converg./Diverg. (MACD) 2.41
Trading Signals
Description Value Chart
Monthly Trendline Resistance 147.29
Upper Bollinger Band 138.82
50 Day Moving Average 138.28
Daily Stochastic Crossing 131.94
Price 131.65
20 Day Moving Average 130.31
Parabolic System 128.36
Weekly Stochastic Crossing 127.61
Lower Bollinger Band 125.65
Monthly Trendline Support 118.09
Yearly Trendline Resistance 114.39
Sector and Industry
Description Name Rank
Sector Technology 6
Industry Business Software & Svcs 74
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 126.06
Low Date 01/03/2019
High 132.58
High Date 01/10/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 121.40
Low Date 12/26/2018
High 132.58
High Date 01/10/2019
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 147.29
Support 118.09
High 153.51
High Date 10/03/2018
Low 121.40
Low Date 12/26/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 64.29
Low Date 08/24/2015
High 153.51
High Date 10/03/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 114.39
Support 100.03
Low 26.46
Low Date 05/06/2010
High 153.51
High Date 10/03/2018
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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