The Greedy Trader Weekly Analysis
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- 10/9/2026 -
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Automatic Data Processing Inc. (ADP) Technical Analysis

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Summary:
Weekly :Overbought sector
Daily :Broken trend resistance lineStochastic has raised above the signal lineDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger BandsPrice is close to the 50 Day Moving Average
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It was a first positive week for the Automatic Data Processing Inc. (ADP). During the week, the ADP gained 13.20 points, or 5.12%, and closed at 270.88 on Friday, October 9, 2026. It was the best weekly gain since July 31, 2026. Weekly volume was -42% below average.

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 price is now at the 58.35% retracement level.

Medium-term trend: [See ADP medium-term trend chart]
A medium-term uptrend had started on April 10, 2026 at 188.16 and reached 288.00 on September 1, 2026. ADP gained -99.84 points, or -53.06%, in 20 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 254.09 and resistance is at 310.53. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

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. 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 September 1, 2026 at 288.00 and reached 255.96 on October 5, 2026. ADP lost 32.04 points, or 11.12%, in 34 days. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (253.98) 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 short-term trend.

Daily Technical Indicators: [See ADP daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish 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.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Price is close to the 50 Day Moving Average. 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) 51.22
Williams' Percentage Range (W%R) 32.90
Lane's Stochastic (%D-Slow) 68.50
Greed/Fear Indicator (GFI) 62.28
Moving Average Converg./Diverg. (MACD) -2.26
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.60
Williams' Percentage Range (W%R) 22.80
Lane's Stochastic (%D-Slow) 46.50
Greed/Fear Indicator (GFI) 59.11
Moving Average Converg./Diverg. (MACD) 8.46
Trading Signals
Description Value Chart
Monthly Trendline Resistance 310.53
Upper Bollinger Band 278.05
50 Day Moving Average 271.78
Price 270.88
Weekly Stochastic Crossing 269.48
Daily Stochastic Crossing 269.23
20 Day Moving Average 266.57
Weekly Trendline Resistance 259.55
Parabolic System 257.35
Lower Bollinger Band 255.22
Monthly Trendline Support 254.09
Weekly Trendline Support 253.98
Sector and Industry
Description Name Rank
Sector Information Technology 10
Industry Internet Services & Infrastructure 88
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 255.96
Low Date 10/05/2026
High 273.02
High Date 10/09/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 259.55
Support 253.98
High 288.00
High Date 09/01/2026
Low 255.96
Low Date 10/05/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 310.53
Support 254.09
Low 188.16
Low Date 04/10/2026
High 288.00
High Date 09/01/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
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.