ADP - Automatic Data Processing

Industry: Business Software & Services Sector: Technology Exchange: NASDAQ

ADP - Automatic Data Processing

Industry: Business Software & Services Sector: Technology Exchange: NASDAQ
#1353()/7561

Fri 17'th Aug 2018

PERIOD 2018-05-18 - 2018-08-17
CHANGE 0.93%
PRICE $142.55
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

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Automatic Data Processing Stock Analysis

Technical stock analysis for Fri 17'th Aug 2018

Buy candidate since 2018-08-09 Gain 3.02%
Shorts 1.73% ( 2018-07-31 )
Cash 4 137.0 mill
Loans n/a
Beta 0.86
ROA 4.36

Automatic Data Processing gained 0.93% in the last trading day, rising from $141.24 to $142.55 The price has risen in 8 of the last 10 days and is up by 6.18% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 0.06 million more shares were traded than the day before. In total, 1.81 million shares bought and sold for approximately $258.20 million.

Trend

Automatic Data Processing lies in the middle of a weak 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 5.22% during the next 3 months and, with 90% probability hold a price between $140.98 and $153.22 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

Only positive signals in the chart today. Automatic Data Processing holds buy signals from both short- and long-term moving averages. In addition, 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 $140.50 and $136.92. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday August 01, 2018, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.

The stock had a Golden Star Signal* on Tuesday March 06, 2018 in the mediumterm chart.

* Golden Star Signal* is when the short-term moving average, the long-term moving average, and priceline meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Access today's Top 5 Golden Star Companies

Relative Strength Index (RSI)

The stock holds a RSI14 at 81 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.

Access full RSI 14 and RSI 21 lists

Support & Resistance

Automatic Data Processing finds support from accumulated volume at $139.30.

Support: $139.30 Price: $142.55

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $1.96 (1.39%) between high and low. For the last week, the stock has had a daily average volatility of 1.55%.

Our recommended stoploss: $136.29 (-4.39%) (This stock has low daily movements and this gives low risk. The RSI14 is 81 and this increases the risk substantially. There is a buy signal from pivot bottom found 12 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

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 this stock to perform well in the short-term.

Buy Candidate

Click for Top 5 Buy Candidates
ADP $142.55 $1.31(0.93%)
ADP is up $1.31 today, but where's it headed in September?
Zacks Investment Research is releasing its prediction for ADP based on the 1-3 month system that more than doubles the S&P 500.

Click here – the ADP analysis is free »
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