Automatic Data Processing, Inc. Stock Forecast

Weaker technical forecast for Automatic Data Processing, Inc. as stock downgraded to Sell Candidate.
(Updated on May 17, 2024)

ADP.F Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, April 15, 2024, and so far it has fallen -0.584%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. The Automatic Data Processing, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 228.84€ and 228.02€. A breakdown below any of these levels will issue sell signals. The stock had a Golden Star Signal on Wednesday, April 10, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, July 04, 2023.

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, Inc. stock

Automatic Data Processing, Inc. finds support from accumulated volume at 228.45€ 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved 0.200€ between high and low, or 0.0870%. For the last week the stock has had daily average volatility of 0.0827%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (ADP.F) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Automatic Data Processing, Inc. to open at 229.97€, and during the day (based on 14 day Average True Range), to move between 227.71€ and 232.09€, which gives a possible trading interval of +/-2.19€ (+/-0.95%) 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 1.91% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 230.25€ (0.15%) than the support at 228.45€ (0.63%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Automatic Data Processing, Inc. stock A Buy?

Automatic Data Processing, Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.016 Sell Candidate Downgraded

Predicted Opening Price for Automatic Data Processing, Inc. of Monday, May 20, 2024

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