Automatic Data Processing Inc. (ADP)
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|It was the negative week for the Automatic Data Processing Inc. (ADP). During the week, the ADP dropped -4.28 points, or -2.87%, and closed at 144.72 on Friday, June 26, 2020. Weekly volume was -64% below average. |
ADP is a member of Information Technology Sector. Information Technology is the 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 downtrend had started on February 18, 2020 at 182.32 and reached 103.11 on March 18, 2020. ADP lost 79.21 points, or 43.45%, in 4 weeks. The price is now at the 52.53% retracement level.
Medium-term trend: [See ADP medium-term trend chart]
A medium-term uptrend had started on March 18, 2020 at 103.11 and reached 161.30 on June 8, 2020. ADP gained -58.19 points, or -56.43%, in 11 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (148.48) is broken. A broken support is considered to be a long-term bearish 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 support in a medium-term trend.
Weekly Technical Indicators: [See ADP weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since May 29, 2020. 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 June 8, 2020 at 161.30 and reached 142.44 on June 15, 2020. ADP lost 18.86 points, or 11.69%, in 7 days. The price is now at the 12.09% retracement level.
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 12, 2020. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.
During the last week, the price has declined below 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.
Price is close to the 50 Day Moving Average. 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.