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ADP - Automatic Data Processing

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

ADP - Automatic Data Processing

Industry: Business Software & Services Sector: Technology Exchange: NASDAQ
#1417()/6519

Fri 15'th Jun 2018

PERIOD 2018-03-16 - 2018-06-15
CHANGE -0.18%
PRICE $139.57
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

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Automatic Data Processing Stock Analysis

Technical stock analysis for Fri 15'th Jun 2018

Buy candidate since 2018-05-01 Gain 17.48%

Automatic Data Processing fell by -0.18% in the last day from $139.82 to $139.57 and has now fallen 3 days in a row. The price has been going up and down for this period, and there has been a 5.15% gain for the last 2 weeks. Volume has increased in the last day by 1.68 million shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 3.48 million shares bought and sold for approximately $0.00.

Shorts 2.04% ( 2018-05-31 )
Cash 6 917.4 mill
Loans n/a
Beta 0.89
ROA 3.75

Trend

Automatic Data Processing 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 23.73% during the next 3 months and, with 90% probability hold a price between $163.70 and $176.15 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

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 $137.58 and $129.64. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Wednesday June 13, 2018, which indicates further falls until a new bottom pivot has been found. 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 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 73 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

On the downside, the stock finds support just below today's level from accumulated volume at $116.72 and $114.06.

There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Automatic Data Processing finds support just below today's level at $116.72. If this is broken, then the next support from accumulated volume will be at $114.06 and $112.26.

Support: $116.72 Price: $139.57 Resistance: $139.82

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 $2.02 (1.46%) between high and low. For the last week, the stock has had a daily average volatility of 1.95%.

Our recommended stoploss: $135.29 (-3.07%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 73 and this increases the risk substantially. There is a sell signal from pivot top found 2 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.

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