Automatic Data Processing, Inc. Stock Forecast
Automatic Data Processing, Inc. stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Jun 28, 2024)
The Automatic Data Processing, Inc. stock price gained 0.601% on the last trading day (Friday, 28th Jun 2024), rising from $237.85 to $239.28. During the last trading day the stock fluctuated 1.58% from a day low at $237.35 to a day high of $241.09. The price has risen in 5 of the last 10 days but is still down by -1.19% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 2 thousand shares were bought and sold for approximately $415.87 thousand.
The stock is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $237.81 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Automatic Data Processing, Inc. stock with a 90% probability to be traded between $236.69 and $252.93 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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0HJI.L Signals & Forecast
There are mixed signals in the stock today. The Automatic Data Processing, Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $243.56 and $245.74. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Wednesday, June 26, 2024, and so far it has risen 0.601%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Automatic Data Processing, Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for Automatic Data Processing, Inc. stock
Automatic Data Processing, Inc. finds support from accumulated volume at $237.85 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $3.74 between high and low, or 1.58%. For the last week the stock has had daily average volatility of 1.65%.
Our recommended stop-loss: $224.86 (-6.03%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (0HJI.L) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Automatic Data Processing, Inc. to open at $239.24, and during the day (based on 14 day Average True Range), to move between $235.69 and $242.87, which gives a possible trading interval of +/-$3.59 (+/-1.50%) up or down from last closing price. If Automatic Data Processing, Inc. takes out the full calculated possible swing range there will be an estimated 3.00% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $237.85 (0.60%) than the resistance at $245.31 (2.52%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Automatic Data Processing, Inc. stock A Buy?
Automatic Data Processing, Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Automatic Data Processing, Inc. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $239.24 ( 0.0171%) | $239.28 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0HJI.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 242.98 | 1.55% |
| R2 | 241.55 | 0.95% |
| R1 | 240.67 | 0.580% |
| Price | 239.28 | |
| S1 | 237.81 | -0.615% |
| S2 | 236.93 | -0.98% |
| S3 | 235.50 | -1.58% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 247.55 | 3.46% |
| R2 | 246.31 | 2.94% |
| R1 | 245.31 | 2.52% |
| Price | 239.28 | |
| S1 | 237.85 | -0.598% |
| S2 | 0 | - |
| S3 | 0 | - |
0HJI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 14, 2024 | Jun 14, 2024 | Jul 01, 2024 | $1.40 | 0.584% |
| 2 | Jun 13, 2024 | Jun 13, 2024 | Jul 01, 2024 | $1.40 | 0.584% |
| 3 | Mar 07, 2024 | Mar 07, 2024 | Apr 01, 2024 | $1.40 | 0.560% |
| 4 | Dec 07, 2023 | Dec 07, 2023 | Dec 07, 2023 | $1.40 | 0.607% |
| 5 | Sep 07, 2023 | Sep 07, 2023 | Sep 07, 2023 | $1.25 | 0.498% |
FAQ
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