The Greedy Trader Weekly Analysis
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Weekly Pattern:Rising Channel
Number of records: 13
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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 :Overbought sectorBroken uptrend resistance line - uptrend exhaustionBroken uptrend resistance line - uptrend exhaustionLane's Stochastic is overboughtWilliams' Percentage Range is strongly overbought
Daily :Relative Strength Index and Williams' Percentage Range are strongly overboughtStochastic signal line moved below overbought area
Move cursor over the icon to see details.

It was a eighth consecutive positive week for the Automatic Data Processing Inc. (ADP). During the week, the ADP gained 1.57 points, or 1.23%, and closed at 128.91 on Friday, May 18, 2018. Weekly volume was -36% below average.

ADP is a member of Technology Sector. Technology is the second 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 uptrend had started on May 6, 2010 at 26.46 and reached 129.51 on May 15, 2018. ADP gained -103.05 points, or -389.46%, in 418 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (94.86) 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 129.51 on May 15, 2018. ADP gained -65.22 points, or -101.45%, in 142 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (113.08) 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 Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly 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 links to access Lane's Stochastic and 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 near its high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 March 23, 2018 at 109.14 and reached 129.51 on May 15, 2018. ADP gained -20.37 points, or -18.66%, in 53 days. Price is near the trend high.

Daily Technical Indicators: [See ADP daily technical indicators chart]
Daily Relative Strength Index and Williams' Percentage Range are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Relative Strength Index and Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Use the following link to access Relative Strength Index help.

The daily MACD line is above its signal line since April 3, 2018. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 93.99
Strong Overbought
Williams' Percentage Range (W%R) 7.40
Strong Overbought
Lane's Stochastic (%D-Slow) 78.24
Greed/Fear Indicator (GFI) 88.28
Overbought
Moving Average Converg./Diverg. (MACD) 2.74
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 69.49
Williams' Percentage Range (W%R) 5.70
Strong Overbought
Lane's Stochastic (%D-Slow) 88.68
Overbought
Greed/Fear Indicator (GFI) 80.77
Overbought
Moving Average Converg./Diverg. (MACD) 1.90
Trading Signals
Description Value Chart
Upper Bollinger Band 132.71
Price 128.91
Daily Stochastic Crossing 128.53
Weekly Stochastic Crossing 127.50
Parabolic System 123.45
20 Day Moving Average 123.39
50 Day Moving Average 118.63
Quarterly Trendline Resistance 115.58
Lower Bollinger Band 115.35
Quarterly Trendline Support 113.08
Yearly Trendline Resistance 109.22
Sector and Industry
Description Name Rank
Sector Technology 8
Industry Business Software & Svcs 122
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 126.95
Low Date 05/16/2018
High 129.25
High Date 05/18/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 109.14
Low Date 03/23/2018
High 129.51
High Date 05/15/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 107.61
Low Date 02/09/2018
High 129.51
High Date 05/15/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 115.58
Support 113.08
Low 64.29
Low Date 08/24/2015
High 129.51
High Date 05/15/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 109.22
Support 94.86
Low 26.46
Low Date 05/06/2010
High 129.51
High Date 05/15/2018
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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