The Greedy Trader Weekly Analysis
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Weekly %D-Slow Divergence:Bullish
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Lane's Stochastic (%D-Slow)

The Lane's Stochastic indicator developed by George Lane is one of the most useful and widely used momentum oscillators in technical analysis. Lane's Stochastic oscillator uses four indicators to combine relative strength with moving average methods. %K is an un-smoothed RSI. %D is a moving average of %K (fast stochastic). %D-Slow is a longer term moving average of %K, and finally %D-Slow (slow stochastic) Moving Avg. is another moving average. Like other overbought oversold oscillators, they are normalized within a scale of 0 to 100. Buy/sell signals are generated by %D stochastic crossover with its moving average above 80%, for overvalued, or below 20%, for undervalued stocks. The divergence between price and indicator is the most important buy/sell stocks trading signal. Lane's Stochastic bullish divergence/bearish divergence should be considered together with other stock market trading alerts, trading indicator and technical trading techniques.

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- 11/24/2023 -
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Automatic Data Processing Inc. (ADP) Technical Analysis

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Summary:
Weekly :Overbought sectorPrice is near the Fibonacci 38.2% retracement level
Daily :Williams' Percentage Range is strongly overboughtStochastic signal line moved below overbought areaThe price has fallen below the Parabolic SAR
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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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 78.56
Williams' Percentage Range (W%R) 7.90
Strong Overbought
Lane's Stochastic (%D-Slow) 71.14
Greed/Fear Indicator (GFI) 80.60
Overbought
Moving Average Converg./Diverg. (MACD) -2.36
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 36.88
Williams' Percentage Range (W%R) 49.30
Lane's Stochastic (%D-Slow) 34.03
Greed/Fear Indicator (GFI) 41.79
Moving Average Converg./Diverg. (MACD) 2.66
Trading Signals
Description Value Chart
Upper Bollinger Band 242.17
50 Day Moving Average 235.34
Parabolic System 233.98
Daily Stochastic Crossing 231.86
Price 230.66
20 Day Moving Average 224.60
Weekly Stochastic Crossing 223.16
Lower Bollinger Band 216.66
Sector and Industry
Description Name Rank
Sector Information Technology 10
Industry Internet Services & Infrastructure 95
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
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 256.84
High Date 07/27/2023
Low 205.53
Low Date 11/01/2023
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 201.46
Low Date 04/26/2023
High 256.84
High Date 07/27/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 274.92
High Date 12/13/2022
Low 201.46
Low Date 04/26/2023
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
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.