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Williams' Percentage Range (W%R) |
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Williams' %R is an effective momentum indicator that measures
overbought/oversold levels. Like other indicators, W%R ranges between 0% and
100% , but in opposite to the other indicators, the 0% indicating overbought and
100% - the oversold stocks. W%R measures the closing price in relation to the recent
low/high range. A bullish signal is generated when the W%R has reached 100,
five time bars have elapsed, and the W%R has subsequently fallen to 95. A
reverse signal is considered as bearish. For the sake of simplicity, the W%R
closed above 10% is considered bearish and below 90% - bullish. In trending
markets, the W%R stays at one end of the scale and gives false signals to
trade against the trend. That is why W%R is not considered a stand-along
technique, and it is essential to use it with some sort of trend formation
indicators. The divergence between price and W%R rarely occurs and presents an
important buy/sell signal. As our research shows, the W%R move to upper or lower
bounds can be used as an earliest signal of an impending reversal. Using the Williams %R bullish divergence/bearish divergence, chart patterns, trendlines, support, and resistance lines along with the W%R chart can be very useful.
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Advanced TA SearchArchive
- 4/19/2024 -
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Automatic Data Processing Inc. (ADP) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
Move cursor over the icon to see details.
| | It was the negative week for the Automatic Data Processing Inc. (ADP). During the week, the ADP gave back -0.54 points, or -0.22%, and closed at 243.31 on Friday, April 19, 2024. Weekly volume was -15% below average.
ADP is a member of Internet Services & Infrastructure Industry. Internet Services & Infrastructure is the ninth most oversold industry. 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 256.84 on July 27, 2023. ADP gained -55.38 points, or -27.49%, in 13 weeks. The chart has formed a Rectangle chart pattern. The trend support level is at 206.15 and resistance is at 258.33. A rectangle chart pattern is characterized as a short-term horizontal channel and represents a trading range and indecision area that is usually resolves in the direction of the main trend. Chart analysis usually considers a rectangle pattern a continuation formation, but it can also mark significant top and bottom. A rectangle pattern within younger parent trend has more chances to mark a continuation. Use the following link to access a Rectangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rectangle pattern in a long-term trend.
 Medium-term trend: [See ADP medium-term trend chart]
A medium-term downtrend had started on February 26, 2024 at 256.57 and reached 238.83 on March 15, 2024. ADP lost 17.74 points, or 6.91%, in 2 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Weekly Technical Indicators: [See ADP weekly technical indicators chart]
Weekly technical indicators are neutral.
During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 March 28, 2024 at 251.06 and reached 239.72 on April 2, 2024. ADP lost 11.34 points, or 4.52%, in 5 days. The price is now at the 31.66% retracement level.
Daily Technical Indicators: [See ADP daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since April 11, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.
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