The Greedy Trader Weekly Analysis
Sign In Mar 22, 2024
Skip Navigation Links
TA Search
Weekly D%-Slow:> 90
Number of records: 10
Share
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

Lane's Stochastic (%D-Slow)

The Lane's Stochastic indicator developed by George Lane is one of the most useful and widely used momentum oscillators in technical analysis. Lane's Stochastic oscillator uses four indicators to combine relative strength with moving average methods. %K is an un-smoothed RSI. %D is a moving average of %K (fast stochastic). %D-Slow is a longer term moving average of %K, and finally %D-Slow (slow stochastic) Moving Avg. is another moving average. Like other overbought oversold oscillators, they are normalized within a scale of 0 to 100. Buy/sell signals are generated by %D stochastic crossover with its moving average above 80%, for overvalued, or below 20%, for undervalued stocks. The divergence between price and indicator is the most important buy/sell stocks trading signal. Lane's Stochastic bullish divergence/bearish divergence should be considered together with other stock market trading alerts, trading indicator and technical trading techniques.

Advanced TA Search

Archive
- 3/15/2024 -
Sign In to see current Signals.

Automatic Data Processing Inc. (ADP) Technical Analysis

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Overbought sectorStochastic signal line moved below overbought areaOversold industryBroken trend support line
Daily :Relative Strength Index is oversoldStochastic has raised above the signal lineLane's Stochastic and MACD bullish divergencePrice is close to the 50 Day Moving Average
Move cursor over the icon to see details.

It was the negative week for the Automatic Data Processing Inc. (ADP). During the week, the ADP gave back -0.31 points, or -0.13%, and closed at 242.09 on Friday, March 15, 2024. Weekly volume was 124% above average.

ADP is a member of Information Technology Sector. Information Technology is the second most overbought sector. ADP is a member of Internet Services & Infrastructure Industry. Internet Services & Infrastructure is the eighth most oversold industry. 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 April 26, 2023 at 201.46 and reached 256.84 on July 27, 2023. ADP gained -55.38 points, or -27.49%, in 13 weeks. The price is now at the 26.63% retracement level.

Medium-term trend: [See ADP medium-term trend chart]
A medium-term uptrend had started on November 1, 2023 at 205.53 and reached 256.57 on February 26, 2024. ADP gained -51.04 points, or -24.83%, in 16 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (262.28) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. ADP may retest the broken support line. It is considered to be a resistance line now. 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 support in a medium-term trend.

Weekly Technical Indicators: [See ADP weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. 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 weekly MACD line is above its signal line since January 19, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend 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 February 26, 2024 at 256.57 and reached 238.83 on March 15, 2024. ADP lost 17.74 points, or 6.91%, in 18 days. The price is now at the 18.38% retracement level.

Daily Technical Indicators: [See ADP daily technical indicators chart]
Daily Relative Strength Index is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Relative Strength Index. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Daily Lane's Stochastic and MACD have bullish 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 bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Relative Strength Index help.

The daily MACD line is below its signal line since February 26, 2024. 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) 17.22
Oversold
Williams' Percentage Range (W%R) 76.60
Lane's Stochastic (%D-Slow) 28.35
Bullish
Greed/Fear Indicator (GFI) 22.99
Moving Average Converg./Diverg. (MACD) 0.09 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.57
Williams' Percentage Range (W%R) 26.60
Lane's Stochastic (%D-Slow) 73.31
Greed/Fear Indicator (GFI) 67.18
Moving Average Converg./Diverg. (MACD) 2.61
Trading Signals
Description Value Chart
Weekly Trendline Support 262.28
Weekly Trendline Resistance 261.34
Upper Bollinger Band 255.42
Weekly Stochastic Crossing 249.59
20 Day Moving Average 248.33
Parabolic System 244.74
50 Day Moving Average 244.42
Price 242.09
Daily Stochastic Crossing 241.08
Lower Bollinger Band 236.71
Sector and Industry
Description Name Rank
Sector Information Technology 8
Industry Internet Services & Infrastructure 8
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 256.57
High Date 02/26/2024
Low 238.83
Low Date 03/15/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 261.34
Support 262.28
Low 205.53
Low Date 11/01/2023
High 256.57
High Date 02/26/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 256.84
High Date 07/27/2023
Low 205.53
Low Date 11/01/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 201.46
Low Date 04/26/2023
High 256.84
High Date 07/27/2023
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 26.46
Low Date 05/06/2010
High 274.92
High Date 12/13/2022
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.