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Downtrend Broken Resist.Archive
- 5/8/2026 -
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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 gave back -1.22 points, or -0.57%, and closed at 212.99 on Friday, May 8, 2026. Weekly volume was 15% above average.
ADP is a member of Information Technology Sector. Information Technology is the 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 downtrend had started on June 6, 2025 at 329.93 and reached 188.16 on April 10, 2026. ADP lost 141.77 points, or 42.97%, in 44 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 175.18 and resistance is at 228.36. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.
 Medium-term trend: [See ADP medium-term trend chart]
A medium-term downtrend had started on January 9, 2026 at 268.08 and reached 188.16 on April 10, 2026. ADP lost 79.92 points, or 29.81%, in 13 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (178.72) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. ADP may retest the broken resistance line. It is considered to be a support line now. 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 technical indicators are neutral.
During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 April 10, 2026 at 188.16 and reached 216.55 on May 1, 2026. ADP gained -28.39 points, or -15.09%, in 21 days. The price is now at the 12.54% retracement level.
 Daily Technical Indicators: [See ADP daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily 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 link to access Williams' Percentage Range help.
The daily MACD line is above its signal line since April 15, 2026. This is an indication that the short-term trend is up.
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