The Greedy Trader Weekly Analysis
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Weekly Pattern:Rising Channel
Number of records: 2
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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 trend resistance line
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtPrice 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 second consecutive positive week for the Automatic Data Processing Inc. (ADP). During the week, the ADP gained 6.47 points, or 4.60%, and closed at 147.19 on Friday, November 09, 2018. ADP was trading at average weekly trading volume.

Long-term trend: [See ADP long-term trend chart]
A long-term uptrend had started on May 6, 2010 at 26.46 and reached 153.51 on October 3, 2018. ADP gained -127.05 points, or -480.16%, in 438 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (98.73) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 downtrend had started on October 3, 2018 at 153.51 and reached 133.13 on October 29, 2018. ADP lost 20.38 points, or 13.28%, in 3 weeks. The price is now at the 68.99% retracement level.

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

The weekly MACD line is below its signal line since October 12, 2018. This is an indication that the medium-term trend is down. 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 October 29, 2018 at 133.13 and reached 148.67 on November 8, 2018. ADP gained -15.54 points, or -11.67%, in 10 days. The price is now at the 9.52% retracement level.

Daily Technical Indicators: [See ADP daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. 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 daily MACD line is above its signal line since November 1, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.

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. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. 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) 54.55
Williams' Percentage Range (W%R) 10.20
Overbought
Lane's Stochastic (%D-Slow) 87.25
Overbought
Greed/Fear Indicator (GFI) 77.19
Moving Average Converg./Diverg. (MACD) -0.84
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.57
Williams' Percentage Range (W%R) 26.50
Lane's Stochastic (%D-Slow) 38.54
Greed/Fear Indicator (GFI) 55.23
Moving Average Converg./Diverg. (MACD) 5.77
Trading Signals
Description Value Chart
Upper Bollinger Band 150.55
Daily Stochastic Crossing 147.95
Price 147.19
50 Day Moving Average 145.49
20 Day Moving Average 142.07
Weekly Stochastic Crossing 140.72
Parabolic System 137.34
Lower Bollinger Band 136.48
Sector and Industry
Description Name Rank
Sector Technology 3
Industry Business Software & Svcs 105
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 133.13
Low Date 10/29/2018
High 148.67
High Date 11/08/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 153.51
High Date 10/03/2018
Low 133.13
Low Date 10/29/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 107.61
Low Date 02/09/2018
High 153.51
High Date 10/03/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 64.29
Low Date 08/24/2015
High 153.51
High Date 10/03/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 113.09
Support 98.73
Low 26.46
Low Date 05/06/2010
High 153.51
High Date 10/03/2018
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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