Automatic Data Processing Stock Forecast
Automatic Data Processing stock price ended at $236.63 on Tuesday, after gaining 0.407%.
(Updated on Jul 02, 2024)
The Automatic Data Processing stock price gained 0.407% on the last trading day (Tuesday, 2nd Jul 2024), rising from $235.67 to $236.63. During the last trading day the stock fluctuated 1.23% from a day low at $234.00 to a day high of $236.88. The price has been going up and down for this period, and there has been a -3.4% loss for the last 2 weeks. Volume fell on the last day by -570 thousand shares and in total, 1 million shares were bought and sold for approximately $290.44 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 $235.65 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Automatic Data Processing stock with a 90% probability to be traded between $234.30 and $251.93 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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ADP Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, July 01, 2024, and so far it has risen 0.407%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Automatic Data Processing 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 $240.56 and $245.70. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Automatic Data Processing stock
Automatic Data Processing finds support from accumulated volume at $235.67 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 $2.88 between high and low, or 1.23%. For the last week the stock has had daily average volatility of 2.23%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ADP) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Automatic Data Processing to open at $235.84, and during the day (based on 14 day Average True Range), to move between $232.40 and $240.86, which gives a possible trading interval of +/-$4.23 (+/-1.79%) up or down from last closing price. If Automatic Data Processing takes out the full calculated possible swing range there will be an estimated 3.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $235.67 (0.41%) than the resistance at $241.89 (2.22%), 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 stock A Buy?
Automatic Data Processing holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.290 Sell Candidate Unchanged
Predicted Opening Price for Automatic Data Processing of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $235.84 ( 0.335%) | $236.63 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ADP
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 238.72 | 0.88% |
| R2 | 237.62 | 0.417% |
| R1 | 236.94 | 0.130% |
| Price | 236.63 | |
| S1 | 234.74 | -0.80% |
| S2 | 234.06 | -1.09% |
| S3 | 232.96 | -1.55% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 247.97 | 4.79% |
| R2 | 247.33 | 4.52% |
| R1 | 241.89 | 2.22% |
| Price | 236.63 | |
| S1 | 235.67 | -0.406% |
| S2 | 0 | - |
| S3 | 0 | - |
ADP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 03, 2024 | Jun 14, 2024 | Jul 01, 2024 | $1.40 | 0.594% |
| 2 | Jan 10, 2024 | Mar 07, 2024 | Apr 01, 2024 | $1.40 | 0.571% |
| 3 | Dec 07, 2023 | Dec 07, 2023 | Jan 01, 2024 | $1.40 | 0.601% |
| 4 | Aug 03, 2023 | Sep 07, 2023 | Oct 01, 2023 | $1.25 | 0.520% |
| 5 | Apr 12, 2023 | Jun 08, 2023 | Jul 01, 2023 | $1.25 | 0.569% |
FAQ
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