Fri 15'th Jun 2018
Automatic Data Processing Stock Analysis
Technical stock analysis for Fri 15'th Jun 2018
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|
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.
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.
* 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)
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.
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.
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.)
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