The Greedy Trader Weekly Analysis
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Automatic Data Processing Inc.
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Summary:
Weekly :Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overboughtBroken trend resistance lineBroken trend resistance line
Daily :Broken trend resistance lineThe price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was a second consecutive positive week for the Automatic Data Processing Inc. (ADP). During the week, the ADP gained 3.12 points, or 2.32%, and closed at 137.34 on Friday, July 13, 2018. Weekly volume was -26% below average.

Long-term trend: [See ADP long-term trend chart]
A long-term uptrend had started on May 6, 2010 at 26.46 and reached 141.52 on June 14, 2018. ADP gained -115.06 points, or -434.85%, in 423 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (96.07) 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 uptrend had started on August 24, 2015 at 64.29 and reached 141.52 on June 14, 2018. ADP gained -77.23 points, or -120.13%, in 146 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (115.75) 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 medium-term trend.

Weekly Technical Indicators: [See ADP weekly technical indicators chart]
Weekly Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index, 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 April 27, 2018. 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 downtrend had started on June 14, 2018 at 141.52 and reached 132.59 on July 3, 2018. ADP lost 8.93 points, or 6.31%, in 19 days. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (129.13) is broken. A broken support is considered to be a long-term bullish signal. 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 short-term trend.

Daily Technical Indicators: [See ADP daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since June 19, 2018. 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.

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.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 43.94
Williams' Percentage Range (W%R) 36.10
Lane's Stochastic (%D-Slow) 78.20
Greed/Fear Indicator (GFI) 62.00
Moving Average Converg./Diverg. (MACD) 0.95
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 84.26
Overbought
Williams' Percentage Range (W%R) 13.00
Overbought
Lane's Stochastic (%D-Slow) 80.90
Overbought
Greed/Fear Indicator (GFI) 77.85
Moving Average Converg./Diverg. (MACD) 4.76
Trading Signals
Description Value Chart
Monthly Trendline Resistance 147.48
Upper Bollinger Band 139.45
Weekly Stochastic Crossing 138.21
Price 137.34
Daily Stochastic Crossing 137.31
Weekly Trendline Resistance 136.25
20 Day Moving Average 136.13
50 Day Moving Average 132.83
Parabolic System 132.68
Lower Bollinger Band 131.26
Weekly Trendline Support 129.13
Quarterly Trendline Resistance 117.09
Quarterly Trendline Support 115.75
Monthly Trendline Support 113.20
Yearly Trendline Resistance 110.43
Sector and Industry
Description Name Rank
Sector Technology 7
Industry Business Software & Svcs 129
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 132.59
Low Date 07/03/2018
High 138.01
High Date 07/13/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Broken Resistance
Resistance 136.25
Support 129.13
High 141.52
High Date 06/14/2018
Low 132.59
Low Date 07/03/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 147.48
Support 113.20
Low 107.61
Low Date 02/09/2018
High 141.52
High Date 06/14/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 117.09
Support 115.75
Low 64.29
Low Date 08/24/2015
High 141.52
High Date 06/14/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 110.43
Support 96.07
Low 26.46
Low Date 05/06/2010
High 141.52
High Date 06/14/2018
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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