Fri 19'th Oct 2018
Automatic Data Processing Stock Analysis
Technical stock analysis for Fri 19'th Oct 2018
|Shorts||2.06% ( 2018-09-28 )|
|Cash||1 773.4 mill|
Automatic Data Processing gained 0.34% in the last trading day, rising from $142.92 to $143.41 The price has been going up and down for this period, and there has been a -5.02% loss for the last 2 weeks. Volume fell in the last day by -0.01 million shares, and in total, 1.76 million shares bought and sold for approximately $253.07 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.
Automatic Data Processing lies in the middle of a wide and 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 8.47% during the next 3 months and, with 90% probability hold a price between $151.12 and $168.41 at the end of this period.
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. Some negative signals were issued as well, and these may have some influence on the near short-term development. Automatic Data Processing holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $147.04. On a fall, the stock will find some support from the short-term average at $141.77. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal. A sales signal was issued from a pivot top point on Wednesday October 17, 2018, which indicates further falls until a new bottom pivot has been found.
* 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.
Relative Strength Index (RSI)
RSI14 is 36 and the stock is currently not being overbought or oversold
Support & Resistance
Automatic Data Processing finds support from accumulated volume at $141.24.
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 $2.44 (1.71%) between high and low. For the last week, the stock has had a daily average volatility of 2.02%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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The Automatic Data Processing stock holds several negative signals and despite the positive trend we believe Automatic Data Processing will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.Click for Top 5 Sell Candidates
|ADP $143.41 $0.49(0.34%)|
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