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Automatic Data Processing Stock Forecast NASDAQ:ADP

$229.62 (-2.03%)

Volume: 1M

Closed: Nov 26, 2021

Hollow Logo Score: 1.514

Automatic Data Processing Stock Forecast

$229.62 (-2.03%)

Volume: 1M

Closed: Nov 26, 2021

Score Hollow Logo 1.514
Which way will ADP go? Request
Fri, Nov 26, 2021 Buy Candidate Upgraded
Stop-loss: $218.02 (-5.05%)
Key Stats
P/E Ratio 35.88
Beta 0.84
Trailing Dividend Rate 1.61% ($3.69)
Next Dividend Date Dec 09, 2021
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 50 and the stock is currently not being overbought or oversold

Automatic Data Processing stock upgraded to Buy Candidate.
(Updated on Nov 26, 2021)

Buy or Hold candidate since 2021-10-13 Gain 11.91%

The Automatic Data Processing stock price fell by -2.03% on the last day (Friday, 26th Nov 2021) from $234.37 to $229.62. and has now fallen 6 days in a row. During the day the stock fluctuated 2.28% from a day low at $229.07 to a day high of $234.30. The price has been going up and down for this period, and there has been a 0.47% 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 -144 thousand shares and in total, 1 million shares were bought and sold for approximately $313.57 million.

The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 19.52% during the next 3 months and, with a 90% probability hold a price between $267.16 and $288.13 at the end of this 3-month period.

Signals & Forecast

The Automatic Data Processing stock holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $235.67. On a fall, the stock will find some support from the long-term average at approximately $223.18. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, November 18, 2021, and so far it has fallen -3.50%. Further fall is indicated until a new bottom pivot has been found. 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.

Support, Risk & Stop-loss

Automatic Data Processing finds support from accumulated volume at $221.95 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $5.22 (2.28%) between high and low. For the last week, the stock has had a daily average volatility of 1.59%.

Our recommended stop-loss: $218.02 (-5.05%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 5 days ago.)

Is Automatic Data Processing stock A Buy?

Several short-term signals, along with a general good trend, 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.514

Predicted Opening Price for Automatic Data Processing of Monday, November 29, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price November 29, 2021 Current price
$231.00 $229.62 (Undervalued)
Buy Candidate Upgraded

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Analyst Ratings

On Nov 16, 2021 "Robert W. Baird" gave "$228.00 - $242.00" rating for ADP. The price target was set to $236.38+1.4%.

Volatility and Risk
Daily Average Volatility: 1.59 %
Overall Risk: Very High High Medium Low Very Low
1.59 %
Daily Average Volatility
Overall Risk

Very High
Very Low

Support & Resistance

Resistance: $234.37
Price: $229.62
Support: $221.95

ADP Insider Trading Show all Trades



Last 100 transactions
Buy: 496 913 | Sell: 282 419 (Shares)
Date Action Amount Person Type
Nov 10, 2021 Sell 720 Dyson Deborah L Common Stock
Nov 10, 2021 Buy 1 502 Bisson Peter Common Stock
Nov 10, 2021 Buy 1 502 Clark Richard T Common Stock
Nov 10, 2021 Buy 1 437 Haynesworth Linnie M Common Stock
Nov 10, 2021 Buy 2 307 Jones John P Iii Common Stock
Show all Insider Trades


Last 100 transactions
Buy: 496 913 | Sell: 282 419 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 236.22 2.87 %
234.22 2.01 %
232.99 1.47 %
Current price: 229.62
Support 229.00 -0.27 %
227.77 -0.81 %
225.77 -1.68 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 236.14 2.84 %
235.25 2.45 %
234.37 2.07 %
Current price 229.62
Support 221.95 -3.34%
209.04 -8.96%
198.67 -13.48%

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About Automatic Data Processing

Automatic Data Processing Automatic Data Processing, Inc., together with its subsidiaries, provides business process outsourcing services worldwide. The company operates through two segments, Employer Services and Professional Employer Organization (PEO) Services. The Employer Services segment offers a range of business outsourcing and technology-enabled human capital management (HCM) solutions, including payroll services, benefits administration services, talent manageme... Read more

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