Automatic Data Processing Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Automatic Data Processing stock upgraded from Hold/Accumulate to Buy Candidate after Monday trading session.
(Updated on Apr 15, 2024)
The Automatic Data Processing stock price gained 0.0943% on the last trading day (Monday, 15th Apr 2024), rising from $243.85 to $244.08. During the last trading day the stock fluctuated 1.73% from a day low at $243.12 to a day high of $247.32. The price has been going up and down for this period, and there has been a -0.5% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 15 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $291.77 million.
The stock is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $241.95 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Automatic Data Processing stock with a 90% probability to be traded between $245.85 and $262.35 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
ADP Signals & Forecast
The Automatic Data Processing stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $245.66 and $246.09. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Thursday, April 04, 2024, and so far it has risen 1.07%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. 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.
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 $244.00 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 $4.20 between high and low, or 1.73%. For the last week the stock has had daily average volatility of 1.47%.
Our recommended stop-loss: $230.12 (-5.72%) (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 Tuesday 16th
For the upcoming trading day on Tuesday, 16th we expect Automatic Data Processing to open at $244.84, and during the day (based on 14 day Average True Range), to move between $240.19 and $247.97, which gives a possible trading interval of +/-$3.89 (+/-1.59%) up or down from last closing price. If Automatic Data Processing takes out the full calculated possible swing range there will be an estimated 3.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $244.00 (0.03%) than the resistance at $245.78 (0.70%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Automatic Data Processing stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.680 Buy Candidate Upgraded
Predicted Opening Price for Automatic Data Processing of Tuesday, April 16, 2024
| Fair opening price April 16, 2024 | Current price |
|---|---|
| $244.84 ( 0.311%) | $244.08 |
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 | 249.04 | 2.03 % | |
| R2 | 247.44 | 1.37 % | ||
| R1 | 246.44 | 0.97 % | ||
| Current price: | 244.08 | |||
| Support | S1 | 243.24 | -0.346 % | |
| S2 | 242.24 | -0.752 % | ||
| S3 | 240.64 | -1.41 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 251.13 | 2.89 % | |
| R2 | 246.20 | 0.87 % | ||
| R1 | 245.78 | 0.696 % | ||
| Current price | 244.08 | |||
| Support | S1 | 244.00 | -0.0328% | |
| S2 | 243.76 | -0.131% | ||
| S3 | 242.09 | -0.82% |
ADP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 03, 2024 | Jun 14, 2024 | Jul 01, 2024 | $1.40 | 0.574% |
| 2 | Jan 10, 2024 | Mar 07, 2024 | Apr 01, 2024 | $1.40 | 0.571% |
| 3 | Dec 07, 2023 | Dec 07, 2023 | Jan 01, 2024 | $1.40 | 0.601% |
| 4 | Aug 03, 2023 | Sep 07, 2023 | Oct 01, 2023 | $1.25 | 0.520% |
| 5 | Apr 12, 2023 | Jun 08, 2023 | Jul 01, 2023 | $1.25 | 0.569% |
FAQ
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