Automatic Data Processing Stock Forecast
Automatic Data Processing stock price down 1.33% on Friday
(Updated on Apr 26, 2024)
The Automatic Data Processing stock price fell by -1.33% on the last day (Friday, 26th Apr 2024) from $246.34 to $243.07. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.54% from a day low at $242.97 to a day high of $246.71. The price has been going up and down for this period, and there has been a -0.32% loss for the last 2 weeks. Volume has increased on the last day by 338 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately $367.77 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 $235.48 and $247.35 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 Thursday, April 04, 2024, and so far it has risen 0.654%. 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. 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 $244.92 and $245.12. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. 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 $242.09 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 1.54%. For the last week the stock has had daily average volatility of 1.46%.
Our recommended stop-loss: $230.61 (-5.13%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 16 days ago.)
Trading Expectations (ADP) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Automatic Data Processing to open at $244.25, and during the day (based on 14 day Average True Range), to move between $239.43 and $246.71, which gives a possible trading interval of +/-$3.64 (+/-1.50%) up or down from last closing price. If Automatic Data Processing takes out the full calculated possible swing range there will be an estimated 3.00% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $242.09 (0.40%) than the resistance at $244.21 (0.47%), 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?
Automatic Data Processing holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.246 Hold/Accumulate Unchanged
Predicted Opening Price for Automatic Data Processing of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
$244.25 ( 0.485%) | $243.07 |
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 | 247.99 | 2.02 % | |
R2 | 246.56 | 1.44 % | ||
R1 | 245.68 | 1.07 % | ||
Current price: | 243.07 | |||
Support | S1 | 242.82 | -0.102 % | |
S2 | 241.94 | -0.465 % | ||
S3 | 240.51 | -1.05 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 246.20 | 1.29 % | |
R2 | 245.78 | 1.11 % | ||
R1 | 244.21 | 0.469 % | ||
Current price | 243.07 | |||
Support | S1 | 242.09 | -0.403% | |
S2 | 241.85 | -0.502% | ||
S3 | 237.71 | -2.21% |
ADP Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 03, 2024 | Jun 14, 2024 | Jul 01, 2024 | $1.40 | 0.576% |
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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