The Greedy Trader Weekly Analysis
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Archive
- 9/7/2018
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Automatic Data Processing Inc.
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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionBroken uptrend resistance line - uptrend exhaustionLane's Stochastic is overboughtWilliams' Percentage Range is strongly overbought
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtStochastic has declined below the signal line
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It was the negative week for the Automatic Data Processing Inc. (ADP). During the week, the ADP gave back -0.02 points, or -0.01%, and closed at 146.73 on Friday, September 07, 2018. 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 147.73 on September 7, 2018. ADP gained -121.27 points, or -458.31%, in 435 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (97.30) 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 147.73 on September 7, 2018. ADP gained -83.44 points, or -129.79%, in 158 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (118.50) 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 Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly 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 links to access Lane's Stochastic 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 uptrend had started on August 1, 2018 at 129.21 and reached 147.73 on September 7, 2018. ADP gained -18.52 points, or -14.33%, in 37 days. The price is now at the 5.40% retracement level.

Daily Technical Indicators: [See ADP daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal.

The daily MACD line is above its signal line since August 8, 2018. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 71.64
Williams' Percentage Range (W%R) 12.90
Overbought
Lane's Stochastic (%D-Slow) 85.49
Overbought
Greed/Fear Indicator (GFI) 81.39
Overbought
Moving Average Converg./Diverg. (MACD) 2.20
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 72.41
Williams' Percentage Range (W%R) 3.70
Strong Overbought
Lane's Stochastic (%D-Slow) 88.26
Overbought
Greed/Fear Indicator (GFI) 80.31
Overbought
Moving Average Converg./Diverg. (MACD) 5.84
Trading Signals
Description Value Chart
Upper Bollinger Band 148.23
Daily Stochastic Crossing 146.97
Weekly Stochastic Crossing 146.79
Price 146.73
Parabolic System 144.19
20 Day Moving Average 143.63
50 Day Moving Average 139.08
Lower Bollinger Band 138.83
Quarterly Trendline Resistance 118.64
Quarterly Trendline Support 118.50
Sector and Industry
Description Name Rank
Sector Technology 5
Industry Business Software & Svcs 112
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 129.21
Low Date 08/01/2018
High 147.73
High Date 09/07/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 129.21
Low Date 08/01/2018
High 147.73
High Date 09/07/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 107.61
Low Date 02/09/2018
High 147.73
High Date 09/07/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 118.64
Support 118.50
Low 64.29
Low Date 08/24/2015
High 147.73
High Date 09/07/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 111.66
Support 97.30
Low 26.46
Low Date 05/06/2010
High 147.73
High Date 09/07/2018
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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