AUTOMATIC DATA PROCESSING INC. - Daily - Technical analysis published on 08/01/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 237.36 USD
My targets
245.59 USD (+1.87%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on AUTOMATIC DATA PROCESSING INC. as long as the price remains well above 237.36 USD. The buyers' bullish objective is set at 245.59 USD. A bullish break in this resistance would boost the bullish momentum. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.2
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AUTOMATIC DATA PROCESSING INC. price is 241.07 USD. On the day, this instrument lost -0.02% with the lowest point at 239.56 USD and the highest point at 242.51 USD. The deviation from the price is +0.63% for the low point and -0.59% for the high point.239.56
242.51
241.07
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of AUTOMATIC DATA PROCESSING INC. in Daily shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 217.26 | 223.65 | 237.36 | 241.07 | 245.59 |
| Change (%) | -9.88% | -7.23% | -1.54% | - | +1.87% |
| Change | -23.81 | -17.42 | -3.71 | - | +4.52 |
| Level | Major | Minor | Intermediate | - | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 234.38 | 236.09 | 238.61 | 240.32 | 242.84 | 244.55 | 247.07 |
| Camarilla | 239.96 | 240.35 | 240.73 | 241.12 | 241.51 | 241.90 | 242.28 |
| Woodie | 234.78 | 236.29 | 239.01 | 240.52 | 243.24 | 244.75 | 247.47 |
| Fibonacci | 236.09 | 237.71 | 238.71 | 240.32 | 241.94 | 242.94 | 244.55 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 198.63 | 207.49 | 224.31 | 233.17 | 249.99 | 258.85 | 275.67 |
| Camarilla | 234.06 | 236.41 | 238.77 | 241.12 | 243.47 | 245.83 | 248.18 |
| Woodie | 202.60 | 209.48 | 228.28 | 235.16 | 253.96 | 260.84 | 279.64 |
| Fibonacci | 207.49 | 217.30 | 223.36 | 233.17 | 242.98 | 249.04 | 258.85 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 180.71 | 193.16 | 217.14 | 229.59 | 253.57 | 266.02 | 290.00 |
| Camarilla | 231.10 | 234.44 | 237.78 | 241.12 | 244.46 | 247.80 | 251.14 |
| Woodie | 186.48 | 196.04 | 222.91 | 232.47 | 259.34 | 268.90 | 295.77 |
| Fibonacci | 193.16 | 207.08 | 215.67 | 229.59 | 243.51 | 252.10 | 266.02 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 72.39 | |
| MACD (12,26,9): | 6.1400 | |
| Directional Movement: | 24.88 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 229.85 | |
| Parabolic SAR (0,02-0,02-0,2): | 218.95 | |
| Elder Ray (13): | 14.25 | |
| Super Trend (3,10): | 224.19 | |
| Zig ZAG (10): | 240.64 | |
| VORTEX (21): | 1.2100 | |
| Stochastique (14,3,5): | 96.64 | |
| TEMA (21): | 235.24 | |
| Williams %R (14): | -5.11 | |
| Chande Momentum Oscillator (20): | 29.49 | |
| Repulse (5,40,3): | 4.2800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2000 | |
| Courbe Coppock: | 16.07 |
| MA7: | 230.29 | |
| MA20: | 220.17 | |
| MA50: | 215.81 | |
| MA100: | 217.99 | |
| MAexp7: | 232.54 | |
| MAexp20: | 223.19 | |
| MAexp50: | 218.42 | |
| MAexp100: | 217.04 | |
| Price / MA7: | +4.68% | |
| Price / MA20: | +9.49% | |
| Price / MA50: | +11.70% | |
| Price / MA100: | +10.59% | |
| Price / MAexp7: | +3.67% | |
| Price / MAexp20: | +8.01% | |
| Price / MAexp50: | +10.37% | |
| Price / MAexp100: | +11.07% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The last news published on AUTOMATIC DATA PROCESSING INC. at the time of the generation of this analysis was as follows:
- Thinking about trading options or stock in Automatic Data Processing, Wingstop, Apple, Solaredge Technologies, or Enphase Energy?
- Thinking about trading options or stock in Cheniere Energy, Automatic Data Processing, Tesla, Southern Co, or Johnson & Johnson?
- Thinking about trading options or stock in Pfizer, Marathon Digital, Automatic Data Processing, Broadcom, or Apple?
- It's Official: Post-Pandemic Work Schedules Will Be Flexible
- It’s Heads Down for the Holidays: Half of Working Canadians Taking Less or No Vacation Time this Holiday Season
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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