The Greedy Trader Weekly Analysis
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Automatic Data Processing Inc.
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Summary:
Weekly :Williams' Percentage Range is strongly overboughtRelative Strength Index, Lane's Stochastic and MACD bearish divergenceBroken trend resistance lineBroken trend resistance line
Daily :Lane's Stochastic bearish divergence20 Day Moving Average has crossed below the 50 Day Moving AverageDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price is above the upper Bollinger BandTrend resistance at 167.15
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It was a first positive week for the Automatic Data Processing Inc. (ADP). During the week, the ADP gained 6.80 points, or 4.25%, and closed at 166.92 on Friday, June 7, 2019. Weekly volume was -27% 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 167.84 on June 7, 2019. ADP gained -141.38 points, or -534.32%, in 474 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (103.23) 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 167.84 on June 7, 2019. ADP gained -103.55 points, or -161.07%, in 197 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (126.05) 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 Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. Weekly Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index, Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since February 8, 2019. 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 uptrend had started on May 1, 2019 at 154.71 and reached 167.84 on June 7, 2019. ADP gained -13.13 points, or -8.49%, in 37 days. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (167.15). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a short-term trend.

Daily Technical Indicators: [See ADP daily technical indicators chart]
Daily technical indicators are neutral. Daily Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bearish divergence.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

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.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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.

During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. 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) 60.70
Williams' Percentage Range (W%R) 22.50
Lane's Stochastic (%D-Slow) 67.10
Bearish
Greed/Fear Indicator (GFI) 68.43
Moving Average Converg./Diverg. (MACD) 0.28
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.33
Bearish
Williams' Percentage Range (W%R) 7.70
Strong Overbought
Lane's Stochastic (%D-Slow) 64.48
Bearish
Greed/Fear Indicator (GFI) 71.84
Moving Average Converg./Diverg. (MACD) 5.56 Bearish
Trading Signals
Description Value Chart
Weekly Trendline Resistance 167.15
Price 166.92
Upper Bollinger Band 166.20
Daily Stochastic Crossing 165.55
Weekly Stochastic Crossing 163.11
50 Day Moving Average 161.22
20 Day Moving Average 161.11
Lower Bollinger Band 156.70
Parabolic System 155.61
Weekly Trendline Support 154.74
Quarterly Trendline Resistance 145.65
Sector and Industry
Description Name Rank
Sector Technology 4
Industry Business Software & Svcs 121
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 155.26
Low Date 06/03/2019
High 167.84
High Date 06/07/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 167.15
Support 154.74
Low 154.71
Low Date 05/01/2019
High 167.84
High Date 06/07/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 121.40
Low Date 12/26/2018
High 167.84
High Date 06/07/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 145.65
Support 126.05
Low 64.29
Low Date 08/24/2015
High 167.84
High Date 06/07/2019
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 117.59
Support 103.23
Low 26.46
Low Date 05/06/2010
High 167.84
High Date 06/07/2019
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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