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S&P 500 Oversold StocksArchive
- 11/24/2023 -
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Automatic Data Processing Inc. (ADP) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a fourth consecutive positive week for the Automatic Data Processing Inc. (ADP). During the week, the ADP climbed 1.27 points, or 0.55%, and closed at 230.66 on Friday, November 24, 2023. Weekly volume was -24% 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 December 13, 2022 at 274.92 and reached 201.46 on April 26, 2023. ADP lost 73.46 points, or 26.72%, in 19 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Medium-term trend: [See ADP medium-term trend chart]
A medium-term downtrend had started on July 27, 2023 at 256.84 and reached 205.53 on November 1, 2023. ADP lost 51.31 points, or 19.98%, in 13 weeks. The price is now at the 48.98% retracement level.
 Weekly Technical Indicators: [See ADP weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since October 20, 2023. This is an indication that the medium-term trend is down. 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 November 1, 2023 at 205.53 and reached 233.75 on November 22, 2023. ADP gained -28.22 points, or -13.73%, in 21 days. The price is now at the 10.95% retracement level.
 Daily Technical Indicators: [See ADP daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range. During the last week, daily 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is above its signal line since November 8, 2023. This is an indication that the short-term trend is up.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Information Technology |
10 |
| Industry |
Internet Services & Infrastructure |
95 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
205.53 |
| Low Date |
11/01/2023 |
| High |
233.75 |
| High Date |
11/22/2023 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
256.84 |
| High Date |
07/27/2023 |
| Low |
205.53 |
| Low Date |
11/01/2023 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
201.46 |
| Low Date |
04/26/2023 |
| High |
256.84 |
| High Date |
07/27/2023 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
274.92 |
| High Date |
12/13/2022 |
| Low |
201.46 |
| Low Date |
04/26/2023 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
26.46 |
| Low Date |
05/06/2010 |
| High |
274.92 |
| High Date |
12/13/2022 |
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