AUTOMATIC DATA PROCESSING (ADP) Stock Technical Analysis
NASDAQ:ADP - Nasdaq - US0530151036 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to ADP. Although ADP is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
ADP is one of the better performing stocks in the Professional Services industry, it outperforms 82% of 82 stocks in the same industry.
ADP has an average volume of 1978670 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
Looking at the yearly performance, ADP did better than 86% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
ADP is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
In the last month ADP has a been trading in the 272.62 - 309.50 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, ADP does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 297.23. Right above this resistance zone may be a good entry point.
More info and screens
256.57
321.84
When analyzing the support we can see 3 important areas.
- Support @286.12 from a horizontal line in the weekly time frame.
- Support @269.56 from a horizontal line in the daily time frame.
- Support @259.16 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 297.23 to 302.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 315.19 to 318.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.21
Mansfield1.29
10 Day High306
10 Day Low272.62
20 Day High309.5
20 Day Low272.62
52 Week High322.84
52 Week Low231.27
Performance
1 Week0.37%
2 Weeks-3.97%
1 Month-1.42%
3 Month-0.98%
6 Month0.34%
12 Month20.54%
2 Year33.31%
3 Year34.42%
5 Year99.93%
10 Year246.91%
15 Year576.23%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.22
RSI(14)46.27
LBB277.54
UBB314.21
293.28
-0.86 (-0.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryProfessional Services
Performance
% Chg-0.29%
1 Week0.37%
2 Weeks-3.97%
1 Month-1.42%
3 Month-0.98%
6 Month0.34%
12 Month20.54%
2 Year33.31%
3 Year34.42%
5 Year99.93%
10 Year246.91%
15 Year576.23%
Volatility
ATR(14)9.63
ATR(20)%2.87%
ATR Inc-48.84%
Range Today3.14
ADR(20)8.26
ADR(20)%2.82%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.21
Mansfield1.29
10 Day High306
10 Day Low272.62
20 Day High309.5
20 Day Low272.62
52 Week High322.84
52 Week Low231.27
CS1 End286.12
CR1 Start297.23
Volume & EV
DER(3)0.43%
DER(5)0.01%
Volume1.67M
Volume Incr-18.69%
Vol(5)1.77M
Vol(50)1.98M