The Greedy Trader Weekly Analysis
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Daily RSI:> 70
Number of records: 10
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Relative Strength Index (RSI Indicator)
The Relative Strength Index is a popular momentum oscillator, developed by Welles Wilder, Jr. It is one of the most widely used technical indicators. Relative Strength Index compares upward vs. downward movements in closing over a selected period. The RSI Indicator fluctuates from 0% to 100%. A stock with RSI Indicator higher than 70% is considered overbought and lower than 30% - oversold. A good rule is to adjust overbought/oversold index range to 80% in bull and to 20% in bear markets. Relative Strength Index can provide an early warning, but not the final signal. It should be used in conjunction with other stock picking techniques. The divergence between RSI Indicator and underlying stock price is the most important signal provided by RSI, and it can be an indication of an impending reversal. Using the RSI divergence (bullish and bearish), chart patterns, trendlines, support, and resistance lines along with the RSI Indicator chart can be very useful.
Relative strength index- rsi indicator and overbought oversold index.
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RSI divergence - Bullish Bearish.
rsi divergence,Bullish,Bearish,bullish stocks,Bullish Divergence,Bearish Divergence,stock market

Automatic Data Processing Inc. (ADP)

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Summary:
Weekly :Broken trend resistance lineTrend support at 237.10
Daily :Stochastic has declined below the signal lineDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARWilliams' Percentage Range is oversoldThe price has declined below the moving average in the center of the Bollinger BandsThe period of low volatility of the stock price
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It was the negative week for the Automatic Data Processing Inc. (ADP). During the week, the ADP dropped -8.19 points, or -3.34%, and closed at 237.17 on Friday, January 20, 2023. Weekly volume was 17% above 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 274.92 on December 13, 2022. ADP gained -248.46 points, or -939.00%, in 657 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (122.45) 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 June 17, 2022 at 196.68 and reached 274.92 on December 13, 2022. ADP gained -78.24 points, or -39.78%, in 25 weeks. The chart has formed a Rising Wedge chart pattern. The price is near the trend support (237.10) line. The support is usually stronger when technical indicators are oversold. 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 support 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 23, 2022. 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 December 13, 2022 at 274.92 and reached 232.18 on January 5, 2023. ADP lost 42.74 points, or 15.55%, in 23 days. The price is now at the 11.68% retracement level.

Daily Technical Indicators: [See ADP daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). 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.

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

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.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 6.22% on Friday. It is 50.08% lower than one year average. It indicates the period of low volatility of the stock price. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 45.66
Williams' Percentage Range (W%R) 97.90
Strong Oversold
Lane's Stochastic (%D-Slow) 35.82
Greed/Fear Indicator (GFI) 27.85
Moving Average Converg./Diverg. (MACD) -3.16
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.56
Williams' Percentage Range (W%R) 75.60
Lane's Stochastic (%D-Slow) 24.60
Greed/Fear Indicator (GFI) 33.03
Moving Average Converg./Diverg. (MACD) 5.95
Trading Signals
Description Value Chart
Weekly Trendline Resistance 279.03
50 Day Moving Average 249.65
Upper Bollinger Band 248.66
Parabolic System 244.75
Weekly Stochastic Crossing 240.14
20 Day Moving Average 239.61
Price 237.17
Weekly Trendline Support 237.10
Daily Stochastic Crossing 235.39
Lower Bollinger Band 233.90
Yearly Trendline Resistance 220.10
Sector and Industry
Description Name Rank
Sector Information Technology 4
Industry Internet Services & Infrastructure 42
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 274.92
High Date 12/13/2022
Low 232.18
Low Date 01/05/2023
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Test Support
Resistance 279.03
Support 237.10
Low 196.68
Low Date 06/17/2022
High 274.92
High Date 12/13/2022
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 192.26
Low Date 02/24/2022
High 274.92
High Date 12/13/2022
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 103.11
Low Date 03/18/2020
High 274.92
High Date 12/13/2022
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 220.10
Support 122.45
Low 26.46
Low Date 05/06/2010
High 274.92
High Date 12/13/2022
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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