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Uptrend Broken SupportArchive
- 5/2/2025 -
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Automatic Data Processing Inc. (ADP) Technical Analysis
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| Summary:
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| | It was a first positive week for the Automatic Data Processing Inc. (ADP). During the week, the ADP gained 11.77 points, or 4.03%, and closed at 303.57 on Friday, May 2, 2025. Weekly volume was 24% above average.
 Long-term trend: [See ADP long-term trend chart]
A long-term uptrend had started on April 26, 2023 at 201.46 and reached 322.80 on March 4, 2025. ADP gained -121.34 points, or -60.23%, in 96 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 249.38 and resistance is at 328.23. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
 Medium-term trend: [See ADP medium-term trend chart]
A medium-term downtrend had started on March 4, 2025 at 322.80 and reached 272.60 on April 7, 2025. ADP lost 50.20 points, or 15.55%, in 4 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (253.93) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. ADP may retest the broken resistance line. It is considered to be a support 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 resistance line in a medium-term trend.
 Weekly Technical Indicators: [See ADP weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since December 20, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. 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 April 7, 2025 at 272.60 and reached 305.06 on May 2, 2025. ADP gained -32.46 points, or -11.91%, in 25 days. Price is near the trend high.
 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. 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 daily MACD line is above its signal line since April 23, 2025. This is an indication that the short-term trend is up.
During the last week, the price has moved above 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.
During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance 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.
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