RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of ADP
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Stronger technical forecast for Automatic Data Processing stock price after Wednesday trading.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 21, 2024 Loss -0.25% PDF

The Automatic Data Processing stock price gained 1.33% on the last trading day (Wednesday, 27th Mar 2024), rising from $245.07 to $248.33. During the last trading day the stock fluctuated 1.03% from a day low at $246.88 to a day high of $249.43. The price has been going up and down for this period, and there has been a 1.69% gain for the last 2 weeks. Volume fell on the last day by -8 thousand shares and in total, 1 million shares were bought and sold for approximately $264.39 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock 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 5.87% during the next 3 months and, with a 90% probability hold a price between $257.82 and $276.69 at the end of this 3-month period.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

ADP Signals & Forecast

Mostly positive signals in the chart today. The Automatic Data Processing stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, 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 $246.57 and $248.24. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 18, 2024, and so far it has risen 2.68%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. The stock had a Golden Star Signal on Thursday, June 29, 2023 in the long-term chart.

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.

Buy
Special Signal Notification

Golden Star 12 Months

The stock had a Golden Star Signal on Thursday, June 29, 2023 in the long-term chart.

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.

Support, Risk & Stop-loss for Automatic Data Processing stock

Automatic Data Processing finds support from accumulated volume at $246.20 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $2.55 between high and low, or 1.03%. For the last week the stock has had daily average volatility of 1.26%.

Our recommended stop-loss: $236.85 (-4.62%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)

Trading Expectations (ADP) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Automatic Data Processing to open at $248.21, and during the day (based on 14 day Average True Range), to move between $245.11 and $251.55, which gives a possible trading interval of +/-$3.22 (+/-1.30%) up or down from last closing price. If Automatic Data Processing takes out the full calculated possible swing range there will be an estimated 2.59% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $248.81 (0.19%) than the support at $246.20 (0.86%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Automatic Data Processing stock A Buy?

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 Automatic Data Processing stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 3.077 Buy Candidate Upgraded

Predicted Opening Price for Automatic Data Processing of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$248.21 ( 0.0465%) $248.33

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for ADP

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 250.76 0.98 %
R2 249.79 0.587 %
R1 249.19 0.345 %
Current price: 248.33
Support S1 247.24 -0.438 %
S2 246.64 -0.680 %
S3 245.67 -1.07 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 251.13 1.13 %
R2 249.69 0.548 %
R1 248.81 0.193 %
Current price 248.33
Support S1 246.20 -0.86%
S2 245.78 -1.03%
S3 242.09 -2.51%

ADP Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jan 10, 2024 Mar 07, 2024 Apr 01, 2024 $1.40 0.564%
2 Dec 07, 2023 Dec 07, 2023 Jan 01, 2024 $1.40 0.601%
3 Aug 03, 2023 Sep 07, 2023 Oct 01, 2023 $1.25 0.520%
4 Apr 12, 2023 Jun 08, 2023 Jul 01, 2023 $1.25 0.569%
5 Jan 11, 2023 Mar 09, 2023 Apr 01, 2023 $1.25 0.561%

FAQ

What is the symbol for Automatic Data Processing Stock and on which exchange is it traded?
The symbol for Automatic Data Processing is ADP and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Automatic Data Processing Stock?
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 Automatic Data Processing stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Automatic Data Processing Stock?
Automatic Data Processing Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Automatic Data Processing Stock.

What's the current price of Automatic Data Processing Stock?
As of the end of day on the 2024-03-27, the price of an Automatic Data Processing (ADP) share was $248.33.

What is the 52-week high and low for Automatic Data Processing Stock?
The 52-week high for Automatic Data Processing Stock is $256.84 and the 52-week low is $201.46.

What is the market capitalization of Automatic Data Processing Stock?
As of the 2024-03-27, the market capitalization of Automatic Data Processing is 102.012B.

When is the next earnings date for Automatic Data Processing?
The upcoming earnings date for Automatic Data Processing is Apr 24, 2024.
Click to get the best stock tips daily for free!

About Automatic Data Processing

Automatic Data Processing Automatic Data Processing, Inc. provides cloud-based human capital management solutions worldwide. It operates in two segments, Employer Services and Professional Employer Organization (PEO). The Employer Services segment offers strategic, cloud-based platforms, and human resources (HR) outsourcing solutions. Its offerings include payroll, benefits administration, talent management, HR management, workforce management, insurance, retirement, and ... ADP Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT