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- 1/15/2021 -
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Automatic Data Processing Inc. (ADP)

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Summary:
Weekly :Overbought sectorStochastic signal line moved below overbought areaBroken trend resistance line
Daily :20 Day Moving Average has crossed below the 50 Day Moving AverageWilliams' Percentage Range and Lane's Stochastic are oversoldLane's Stochastic bullish divergence
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It was the negative week for the Automatic Data Processing Inc. (ADP). During the week, the ADP dropped -9.93 points, or -5.81%, and closed at 161.12 on Friday, January 15, 2021. It was the worst weekly loss since July 31, 2020. ADP was trading at average weekly trading volume.

ADP is a member of Information Technology Sector. Information Technology is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See ADP long-term trend chart]
A long-term downtrend had started on February 18, 2020 at 182.32 and reached 103.11 on March 18, 2020. ADP lost 79.21 points, or 43.45%, in 4 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (141.61) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See ADP medium-term trend chart]
A medium-term uptrend had started on March 18, 2020 at 103.11 and reached 179.46 on December 18, 2020. ADP gained -76.35 points, or -74.05%, in 39 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 138.02 and resistance is at 184.01. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See ADP weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.

The weekly MACD line is above its signal line since October 2, 2020. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See ADP short-term trend chart]
A short-term downtrend had started on December 18, 2020 at 179.46 and reached 159.31 on January 15, 2021. ADP lost 20.15 points, or 11.23%, in 28 days. The chart has formed a Broadening Descending Wedge chart pattern.

Daily Technical Indicators: [See ADP daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. Daily Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Williams' Percentage Range help.

The daily MACD line is below its signal line since November 19, 2020. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.

During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 22.15
Williams' Percentage Range (W%R) 88.70
Oversold
Lane's Stochastic (%D-Slow) 18.60
Oversold Bullish
Greed/Fear Indicator (GFI) 17.36
Oversold
Moving Average Converg./Diverg. (MACD) -0.76
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.33
Williams' Percentage Range (W%R) 34.30
Lane's Stochastic (%D-Slow) 68.61
Greed/Fear Indicator (GFI) 63.53
Moving Average Converg./Diverg. (MACD) 5.95
Trading Signals
Description Value Chart
Monthly Trendline Resistance 184.01
Upper Bollinger Band 180.08
50 Day Moving Average 172.19
Weekly Stochastic Crossing 172.05
20 Day Moving Average 171.71
Parabolic System 167.50
Daily Stochastic Crossing 161.66
Price 161.12
Lower Bollinger Band 159.04
Quarterly Trendline Support 141.61
Monthly Trendline Support 138.02
Sector and Industry
Description Name Rank
Sector Information Technology 9
Industry Internet Services & Infrastructure 21
Daily Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
High 179.46
High Date 12/18/2020
Low 159.31
Low Date 01/15/2021
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 127.31
Low Date 09/24/2020
High 179.46
High Date 12/18/2020
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 184.01
Support 138.02
Low 103.11
Low Date 03/18/2020
High 179.46
High Date 12/18/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 119.26
Support 141.61
High 182.32
High Date 02/18/2020
Low 103.11
Low Date 03/18/2020
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 26.46
Low Date 05/06/2010
High 182.32
High Date 02/18/2020
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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