The Greedy Trader Weekly Analysis
Sign In Jul 2, 2020
Skip Navigation Links
Number of records: 0
Symbol:  

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

Automatic Data Processing Inc. (ADP)

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Overbought sectorBroken trend support line
Daily :The price has declined below the moving average in the center of the Bollinger BandsPrice 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 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 31.49
Williams' Percentage Range (W%R) 74.40
Lane's Stochastic (%D-Slow) 36.46
Greed/Fear Indicator (GFI) 31.17
Moving Average Converg./Diverg. (MACD) 1.82
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.02
Williams' Percentage Range (W%R) 44.30
Lane's Stochastic (%D-Slow) 72.82
Greed/Fear Indicator (GFI) 60.88
Moving Average Converg./Diverg. (MACD) -5.43
Trading Signals
Description Value Chart
Monthly Trendline Resistance 170.71
Upper Bollinger Band 157.80
Parabolic System 152.48
Weekly Stochastic Crossing 152.40
20 Day Moving Average 150.45
Monthly Trendline Support 148.48
Daily Stochastic Crossing 147.50
Price 144.72
50 Day Moving Average 144.44
Lower Bollinger Band 138.22
Sector and Industry
Description Name Rank
Sector Information Technology 12
Industry Internet Services & Infrastructure 82
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 154.99
High Date 06/19/2020
Low 143.84
Low Date 06/25/2020
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 161.30
High Date 06/08/2020
Low 142.44
Low Date 06/15/2020
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 170.71
Support 148.48
Low 103.11
Low Date 03/18/2020
High 161.30
High Date 06/08/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 182.32
High Date 02/18/2020
Low 103.11
Low Date 03/18/2020
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 26.46
Low Date 05/06/2010
High 182.32
High Date 02/18/2020
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.

Copyright© 2004-2018 All rights reserved.