The Greedy Trader Weekly Analysis
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Weekly Pattern:Falling Channel
Number of records: 35
Symbol:  

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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 :Price is near the Fibonacci 23.6% retracement level
Daily :Williams' Percentage Range and Lane's Stochastic are oversoldThe price has risen above the Parabolic SARPrice is near the Fibonacci 23.6% retracement level
Move cursor over the icon to see details.

It was the third consecutive negative week for the Automatic Data Processing Inc. (ADP). During the week, the ADP gave back -0.04 points, or -0.10%, and closed at 39.36 on Friday, August 27, 2010. Weekly volume was -21% below average.

Long-term trend: [See ADP long-term trend chart]
A long-term downtrend had started on April 26, 2010 at 45.74 and reached 26.46 on May 6, 2010. ADP lost 19.28 points, or 42.15%, in 1 weeks. The price is now at the 66.91% retracement level.

Medium-term trend: [See ADP medium-term trend chart]
A medium-term uptrend had started on May 6, 2010 at 26.46 and reached 43.08 on May 10, 2010. ADP gained -16.62 points, or -62.81%, in 0 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Relative Strength Index (RSI):		44.58
William"s Percentage Range (W%R):	34.5
Lane"s Stochastic (%D-Slow):		45.23 Weekly Technical Indicators: [See ADP weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since April 30, 2010. 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 July 28, 2010 at 42.46 and reached 38.41 on August 25, 2010. ADP lost 4.05 points, or 9.54%, in 28 days. Price is near the Fibonacci 23.6% retracement level.

Relative Strength Index (RSI):		25.85
William"s Percentage Range (W%R):	82.1
Lane"s Stochastic (%D-Slow):		17.31 Daily Technical Indicators: [See ADP daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold 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 below its signal line since August 9, 2010. This is an indication that the short-term trend is down.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 25.85
Williams' Percentage Range (W%R) 82.10
Oversold
Lane's Stochastic (%D-Slow) 17.31
Oversold
Greed/Fear Indicator (GFI) 20.35
Moving Average Converg./Diverg. (MACD) -0.47
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.58
Williams' Percentage Range (W%R) 34.50
Lane's Stochastic (%D-Slow) 45.23
Greed/Fear Indicator (GFI) 51.78
Moving Average Converg./Diverg. (MACD) -0.19
Trading Signals
Description Value Chart
Upper Bollinger Band 42.37
50 Day Moving Average 40.75
20 Day Moving Average 40.37
Weekly Stochastic Crossing 39.96
Price 39.36
Daily Stochastic Crossing 38.82
Parabolic System 38.37
Lower Bollinger Band 37.69
Sector and Industry
Description Name Rank
Sector Technology 7
Industry Business Software & Svcs 131
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 42.46
High Date 07/28/2010
Low 38.41
Low Date 08/25/2010
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 42.46
High Date 07/28/2010
Low 38.41
Low Date 08/25/2010
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 26.46
Low Date 05/06/2010
High 43.08
High Date 05/10/2010
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 26.46
Low Date 05/06/2010
High 43.08
High Date 05/10/2010
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 45.74
High Date 04/26/2010
Low 26.46
Low Date 05/06/2010
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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