|
|
Archive - 4/19/2024 - Sign In to see current Signals. |
Automatic Data Processing Inc. (ADP) Technical Analysis
|
|
| Summary:
| | Weekly : | | Daily : 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 gave back -0.54 points, or -0.22%, and closed at 243.31 on Friday, April 19, 2024. Weekly volume was -15% below average. ADP is a member of Internet Services & Infrastructure Industry. Internet Services & Infrastructure is the ninth most oversold industry. 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 uptrend had started on April 26, 2023 at 201.46 and reached 256.84 on July 27, 2023. ADP gained -55.38 points, or -27.49%, in 13 weeks. The chart has formed a Rectangle chart pattern. The trend support level is at 206.15 and resistance is at 258.33. A rectangle chart pattern is characterized as a short-term horizontal channel and represents a trading range and indecision area that is usually resolves in the direction of the main trend. Chart analysis usually considers a rectangle pattern a continuation formation, but it can also mark significant top and bottom. A rectangle pattern within younger parent trend has more chances to mark a continuation. Use the following link to access a Rectangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rectangle pattern in a long-term trend. Medium-term trend: [See ADP medium-term trend chart] A medium-term downtrend had started on February 26, 2024 at 256.57 and reached 238.83 on March 15, 2024. ADP lost 17.74 points, or 6.91%, in 2 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level. Weekly Technical Indicators: [See ADP weekly technical indicators chart] Weekly technical indicators are neutral. During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 March 28, 2024 at 251.06 and reached 239.72 on April 2, 2024. ADP lost 11.34 points, or 4.52%, in 5 days. The price is now at the 31.66% 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 April 11, 2024. 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.
| |
|
|
|
|
Daily Oscillators |
|
Weekly Oscillators |
|
Trading
Signals |
|
|
Sector and
Industry |
Description |
Name |
Rank |
Sector |
Information Technology |
5 |
Industry |
Internet Services & Infrastructure |
9 |
|
Daily Trend |
Description |
Value |
Direction |
Down |
Chart Pattern |
DownTrend |
High |
251.06 |
High Date |
03/28/2024 |
Low |
239.72 |
Low Date |
04/02/2024 |
|
Weekly Trend |
|
Description |
Value |
Direction |
Down |
Chart Pattern |
DownTrend |
Status |
|
Resistance |
|
Support |
|
High |
256.57 |
High Date |
02/26/2024 |
Low |
238.83 |
Low Date |
03/15/2024 |
|
Description |
Value |
Direction |
Up |
Chart Pattern |
Uptrend |
Status |
|
Resistance |
|
Support |
|
Low |
205.53 |
Low Date |
11/01/2023 |
High |
256.57 |
High Date |
02/26/2024 |
|
Quarterly Trend |
|
Description |
Value |
Direction |
Up |
Chart Pattern |
Rectangle |
Status |
Valid |
Resistance |
258.33 |
Support |
206.15 |
Low |
201.46 |
Low Date |
04/26/2023 |
High |
256.84 |
High Date |
07/27/2023 |
|
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 |
|
|