Automatic Data Processing Stock Forecast
Red day on Wednesday for Automatic Data Processing stock after losing 0.0932%
(Updated on Apr 24, 2024)
The Automatic Data Processing stock price fell by -0.0932% on the last day (Wednesday, 24th Apr 2024) from $246.84 to $246.61. During the last trading day the stock fluctuated 1.04% from a day low at $244.32 to a day high of $246.86. The price has been going up and down for this period, and there has been a 0.33% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -405 thousand shares and in total, 1 million shares were bought and sold for approximately $291.07 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Automatic Data Processing stock with a 90% probability to be traded between $238.35 and $251.37 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
The Automatic Data Processing stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $244.60 and $245.08. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 04, 2024, and so far it has risen 2.12%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Thursday, June 29, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Thursday, June 29, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Automatic Data Processing stock
Automatic Data Processing finds support from accumulated volume at $246.20 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 $2.54 between high and low, or 1.04%. For the last week the stock has had daily average volatility of 1.10%.
Our recommended stop-loss: $232.98 (-5.53%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 14 days ago.)
Trading Expectations (ADP) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Automatic Data Processing to open at $245.93, and during the day (based on 14 day Average True Range), to move between $243.15 and $250.07, which gives a possible trading interval of +/-$3.46 (+/-1.40%) up or down from last closing price. If Automatic Data Processing takes out the full calculated possible swing range there will be an estimated 2.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $246.20 (0.17%) than the resistance at $248.81 (0.89%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Automatic Data Processing will release earnings BMO on Wednesday, May 01, 2024.The consensus among the analysts for the expected earnings (EPS) is $2.76. We will update the financials statements for Automatic Data Processing, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.39% in the first trading day after earnings release.
Is Automatic Data Processing stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Automatic Data Processing stock to perform well in the short-term period.
Current score: 3.160 Buy Candidate Unchanged
Predicted Opening Price for Automatic Data Processing of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $245.93 ( 0.276%) | $246.61 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 248.47 | 0.754 % | |
| R2 | 247.50 | 0.361 % | ||
| R1 | 246.90 | 0.118 % | ||
| Current price: | 246.61 | |||
| Support | S1 | 244.96 | -0.669 % | |
| S2 | 244.36 | -0.91 % | ||
| S3 | 243.39 | -1.31 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 251.13 | 1.83 % | |
| R2 | 249.69 | 1.25 % | ||
| R1 | 248.81 | 0.89 % | ||
| Current price | 246.61 | |||
| Support | S1 | 246.20 | -0.166% | |
| S2 | 245.78 | -0.337% | ||
| S3 | 242.09 | -1.83% |
ADP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 03, 2024 | Jun 14, 2024 | Jul 01, 2024 | $1.40 | 0.568% |
| 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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