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Archive
- 4/17/2025 -
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Automatic Data Processing Inc. (ADP) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the Automatic Data Processing Inc. (ADP). During the week, the ADP dropped -6.22 points, or -2.08%, and closed at 293.28 on Thursday, April 17, 2025. ADP was trading at average weekly trading volume.
ADP is a member of Information Technology Sector. Information Technology is the most oversold 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 April 26, 2023 at 201.46 and reached 322.80 on March 4, 2025. ADP gained -121.34 points, or -60.23%, in 96 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 248.37 and resistance is at 326.61. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
 Medium-term trend: [See ADP medium-term trend chart]
A medium-term downtrend had started on March 4, 2025 at 322.80 and reached 272.60 on April 7, 2025. ADP lost 50.20 points, or 15.55%, in 4 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 264.30 and resistance is at 303.45. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge 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 December 20, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. 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 April 3, 2025 at 309.50 and reached 272.60 on April 7, 2025. ADP lost 36.90 points, or 11.92%, in 4 days. The price is now at the 56.04% retracement level.
Daily Technical Indicators: [See ADP daily technical indicators chart]
Daily technical indicators are neutral.
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 declined below 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.
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