Automatic Data Processing Stock Analysis
Technical stock analysis for 18 January 2019
Automatic Data Processing gained 1.68% in the last trading day, rising from $132.94 to $135.18 , and has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has risen in 7 of the last 10 days and is up by 3% over the past 2 weeks. Volume fell in the last day by -0.01 million shares, and in total, 2.13 million shares bought and sold for approximately $288.16 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
Close price at the end of the last trading day (Friday, 18th Jan 2019) of the ADP stock was $135.18. This is 1.68% more than the trading day before Thursday, 17th Jan 2019.
During day the stock fluctuated 1.76% from a day low at $133.04 to a day high of $135.38.
30 day high of the ADP stock price was $135.38 and low was $121.40.
90 day high was $149.67 and low was $121.40.
52 week high for the Automatic Data Processing - $153.51 and low - $107.61.
Automatic Data Processing lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -10.28% during the next 3 months and, with 90% probability hold a price between $105.41 and $125.33 at the end of this period.
Only positive signals in the chart today. Automatic Data Processing holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $132.60 and $134.43. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday January 03, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.
* 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.
Relative Strength Index (RSI)
RSI14 is 65 and the stock is currently not being overbought or oversold
Support & Resistance
Automatic Data Processing finds support from accumulated volume at $130.00.
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 $2.34 (1.76%) between high and low. For the last week, the stock has had a daily average volatility of 1.47%.
Our recommended stoploss: $129.56 (-4.16%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 11 days ago.)
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Several short-term signals are positive, despite the stock being in a falling trend, 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. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.
|ADP $135.18 $2.24(1.68%)|
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