The Greedy Trader Weekly Analysis
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Automatic Data Processing Inc.
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Summary:
Weekly :Broken trend resistance line
Daily :20 Day Moving Average has crossed below the 50 Day Moving AverageStochastic has raised above the signal lineDaily  MACD line has moved above its signal lineThe 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 after 4 consecutive negative weeks for the Automatic Data Processing Inc. (ADP). During the week, the ADP gained 3.73 points, or 3.39%, and closed at 113.75 on Friday, December 01, 2017. It was the best weekly gain since October 6, 2017. Weekly volume was 29% above average.

Long-term trend: [See ADP long-term trend chart]
A long-term uptrend had started on August 24, 2015 at 64.29 and reached 121.77 on July 31, 2017. ADP gained -57.48 points, or -89.41%, in 101 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (106.16) 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 uptrend had started on May 3, 2017 at 95.50 and reached 121.77 on July 31, 2017. ADP gained -26.27 points, or -27.51%, in 12 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 109.37 and resistance is at 117.21. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle 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 below its signal line since November 17, 2017. The distance between MACD and the signal line is low, but getting bigger. 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 November 7, 2017 at 109.44 and reached 115.36 on December 1, 2017. ADP gained -5.92 points, or -5.41%, in 24 days. The price is now at the 27.20% retracement level.

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 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 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish 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) 64.68
Williams' Percentage Range (W%R) 23.80
Lane's Stochastic (%D-Slow) 65.79
Greed/Fear Indicator (GFI) 68.88
Moving Average Converg./Diverg. (MACD) -0.41
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.86
Williams' Percentage Range (W%R) 36.80
Lane's Stochastic (%D-Slow) 50.42
Greed/Fear Indicator (GFI) 56.42
Moving Average Converg./Diverg. (MACD) 2.85
Trading Signals
Description Value Chart
Monthly Trendline Resistance 117.21
Upper Bollinger Band 114.66
Daily Stochastic Crossing 113.99
Price 113.75
Weekly Stochastic Crossing 113.24
50 Day Moving Average 112.67
20 Day Moving Average 111.63
Parabolic System 111.06
Quarterly Trendline Resistance 111.01
Lower Bollinger Band 109.79
Monthly Trendline Support 109.37
Quarterly Trendline Support 106.16
Sector and Industry
Description Name Rank
Sector Technology 5
Industry Business Software & Svcs 88
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 109.44
Low Date 11/07/2017
High 115.36
High Date 12/01/2017
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 118.47
High Date 10/27/2017
Low 109.44
Low Date 11/07/2017
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Valid
Resistance 117.21
Support 109.37
Low 95.50
Low Date 05/03/2017
High 121.77
High Date 07/31/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 111.01
Support 106.16
Low 64.29
Low Date 08/24/2015
High 121.77
High Date 07/31/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 26.46
Low Date 05/06/2010
High 121.77
High Date 07/31/2017
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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