The Greedy Trader Weekly Analysis
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Weekly Pattern:Rising Channel
Number of records: 15
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Channeling Stock - rising channel and falling channel.
Stock channeling technique is one of the most efficient and widely used trading technique. Price channel represents price movement bound by parallel lower (support) and upper (resistance) trend lines. Channels with rising trend lines (rising channel) are considered bullish and the falling channel is considered as bearish . Channels are continuation formations as far as support and resistance are not broken.
Trading technique:
# 1
Buy channeling stock on support and sell on resistance.
# 2 For bullish channel: sell channeling stock when price breakes the stock channeling support line. For bearish channel: buy channeling stock when price breaks the resistance line.
Tips:
# 1 For the best results, stock channeling should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.
channeling stock,stock channeling,rising channel,falling channel,Price Channel
Automatic Data Processing Inc.
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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionBroken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is overbought
Daily :Lane's Stochastic is overboughtDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARPrice has crossed above the 50 Day Moving AverageThe price moved above the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was a first positive week for the Automatic Data Processing Inc. (ADP). During the week, the ADP gained 5.04 points, or 3.75%, and closed at 139.29 on Friday, August 10, 2018. It was the best weekly gain since May 4, 2018. Weekly volume was -21% below average.

Long-term trend: [See ADP long-term trend chart]
A long-term uptrend had started on May 6, 2010 at 26.46 and reached 141.52 on June 14, 2018. ADP gained -115.06 points, or -434.85%, in 423 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (96.70) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 August 24, 2015 at 64.29 and reached 141.52 on June 14, 2018. ADP gained -77.23 points, or -120.13%, in 146 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (117.16) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 medium-term trend.

Weekly Technical Indicators: [See ADP weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. 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 Williams' Percentage Range help.

The weekly MACD line is above its signal line since April 27, 2018. 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 uptrend had started on August 1, 2018 at 129.21 and reached 139.98 on August 10, 2018. ADP gained -10.77 points, or -8.34%, in 9 days. The price is now at the 6.41% retracement level.

Daily Technical Indicators: [See ADP daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic. 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.

During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish 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) 54.51
Williams' Percentage Range (W%R) 23.40
Lane's Stochastic (%D-Slow) 80.59
Overbought
Greed/Fear Indicator (GFI) 70.55
Moving Average Converg./Diverg. (MACD) 0.30
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 72.37
Williams' Percentage Range (W%R) 11.60
Overbought
Lane's Stochastic (%D-Slow) 65.10
Greed/Fear Indicator (GFI) 70.99
Moving Average Converg./Diverg. (MACD) 5.41
Trading Signals
Description Value Chart
Upper Bollinger Band 140.39
Price 139.29
Daily Stochastic Crossing 138.53
20 Day Moving Average 136.76
Weekly Stochastic Crossing 136.39
50 Day Moving Average 136.37
Lower Bollinger Band 132.72
Parabolic System 130.11
Quarterly Trendline Resistance 117.88
Quarterly Trendline Support 117.16
Sector and Industry
Description Name Rank
Sector Technology 6
Industry Business Software & Svcs 114
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 129.21
Low Date 08/01/2018
High 139.98
High Date 08/10/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 140.39
High Date 07/26/2018
Low 129.21
Low Date 08/01/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 107.61
Low Date 02/09/2018
High 141.52
High Date 06/14/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 117.88
Support 117.16
Low 64.29
Low Date 08/24/2015
High 141.52
High Date 06/14/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 111.06
Support 96.70
Low 26.46
Low Date 05/06/2010
High 141.52
High Date 06/14/2018
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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