The Greedy Trader Weekly Analysis
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- 5/29/2026 -
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Automatic Data Processing Inc. (ADP) Technical Analysis

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Summary:
Weekly :Overbought sector
Daily :The price has fallen below the Parabolic SAR
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It was the negative week for the Automatic Data Processing Inc. (ADP). During the week, the ADP dropped -3.47 points, or -1.54%, and closed at 221.84 on Friday, May 29, 2026. 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 June 6, 2025 at 329.93 and reached 188.16 on April 10, 2026. ADP lost 141.77 points, or 42.97%, in 44 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 167.26 and resistance is at 228.23. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.

Medium-term trend: [See ADP medium-term trend chart]
A medium-term uptrend had started on April 10, 2026 at 188.16 and reached 227.43 on May 19, 2026. ADP gained -39.27 points, or -20.87%, in 5 weeks. The price is now at the 14.23% retracement level.

Weekly Technical Indicators: [See ADP weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since May 1, 2026. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See ADP short-term trend chart]
A short-term uptrend had started on May 20, 2026 at 215.34 and reached 226.46 on May 22, 2026. ADP gained -11.12 points, or -5.16%, in 2 days. The price is now at the 41.55% retracement level.

Daily Technical Indicators: [See ADP daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since April 15, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.07
Williams' Percentage Range (W%R) 40.80
Lane's Stochastic (%D-Slow) 62.78
Greed/Fear Indicator (GFI) 60.67
Moving Average Converg./Diverg. (MACD) 3.56
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.49
Williams' Percentage Range (W%R) 62.50
Lane's Stochastic (%D-Slow) 68.01
Greed/Fear Indicator (GFI) 52.25
Moving Average Converg./Diverg. (MACD) -17.41
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 228.23
Parabolic System 227.42
Upper Bollinger Band 225.83
Daily Stochastic Crossing 222.08
Price 221.84
Weekly Stochastic Crossing 217.49
20 Day Moving Average 215.73
50 Day Moving Average 207.55
Lower Bollinger Band 205.21
Sector and Industry
Description Name Rank
Sector Information Technology 10
Industry Internet Services & Infrastructure 100
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 215.34
Low Date 05/20/2026
High 226.46
High Date 05/22/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 215.34
Low Date 05/20/2026
High 226.46
High Date 05/22/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 188.16
Low Date 04/10/2026
High 227.43
High Date 05/19/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 228.23
Support 167.26
High 329.93
High Date 06/06/2025
Low 188.16
Low Date 04/10/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 26.46
Low Date 05/06/2010
High 329.93
High Date 06/06/2025
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.