AUTOMATIC DATA PROCESSING INC. - Daily - Technical analysis published on 04/26/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 241.66 USD
My targets
249.93 USD (+1.59%)
254.40 USD (+3.41%)
My analysis
A bullish trend on AUTOMATIC DATA PROCESSING INC. both in substance and in the short term. A purchase could be considered as long as the price remains above 241.66 USD. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 249.93 USD. Then the price could move towards 254.40 USD. Then 261.12 USD by extension. Be careful, a return below 241.66 USD would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
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
5.5
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
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. rating is 246.01 USD. The price registered a decrease of -0.13% on the session and was traded between 244.00 USD and 246.71 USD over the period. The price is currently at +0.82% from its lowest and -0.28% from its highest.244.00
246.71
246.01
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of AUTOMATIC DATA PROCESSING INC. in Daily shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : Daily
In fact, 13 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near resistance of triangle
Type : Bearish
Timeframe : Daily
Near support of channel
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 227.73 | 236.71 | 241.66 | 246.01 | 249.93 | 254.40 | 261.12 |
| Change (%) | -7.43% | -3.78% | -1.77% | - | +1.59% | +3.41% | +6.14% |
| Change | -18.28 | -9.30 | -4.35 | - | +3.92 | +8.39 | +15.11 |
| Level | Minor | Major | Major | - | Major | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 237.83 | 241.11 | 243.73 | 247.01 | 249.63 | 252.91 | 255.53 |
| Camarilla | 244.72 | 245.26 | 245.80 | 246.34 | 246.88 | 247.42 | 247.96 |
| Woodie | 237.49 | 240.95 | 243.39 | 246.85 | 249.29 | 252.75 | 255.19 |
| Fibonacci | 241.11 | 243.37 | 244.76 | 247.01 | 249.27 | 250.66 | 252.91 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 235.21 | 238.44 | 240.87 | 244.10 | 246.53 | 249.76 | 252.19 |
| Camarilla | 241.75 | 242.27 | 242.79 | 243.31 | 243.83 | 244.35 | 244.87 |
| Woodie | 234.82 | 238.24 | 240.48 | 243.90 | 246.14 | 249.56 | 251.80 |
| Fibonacci | 238.44 | 240.60 | 241.94 | 244.10 | 246.26 | 247.60 | 249.76 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 229.57 | 234.20 | 241.97 | 246.60 | 254.37 | 259.00 | 266.77 |
| Camarilla | 246.33 | 247.47 | 248.60 | 249.74 | 250.88 | 252.01 | 253.15 |
| Woodie | 231.14 | 234.99 | 243.54 | 247.39 | 255.94 | 259.79 | 268.34 |
| Fibonacci | 234.20 | 238.94 | 241.86 | 246.60 | 251.34 | 254.26 | 259.00 |
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): | 52.00 | |
| MACD (12,26,9): | 0.0700 | |
| Directional Movement: | 4.01 | |
| AROON (14): | 35.72 | |
| DEMA (21): | 245.39 | |
| Parabolic SAR (0,02-0,02-0,2): | 239.93 | |
| Elder Ray (13): | -0.09 | |
| Super Trend (3,10): | 250.98 | |
| Zig ZAG (10): | 246.05 | |
| VORTEX (21): | 0.9300 | |
| Stochastique (14,3,5): | 55.50 | |
| TEMA (21): | 245.37 | |
| Williams %R (14): | -48.15 | |
| Chande Momentum Oscillator (20): | 0.35 | |
| Repulse (5,40,3): | 0.3900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.18 |
| MA7: | 245.36 | |
| MA20: | 245.19 | |
| MA50: | 246.40 | |
| MA100: | 241.41 | |
| MAexp7: | 245.74 | |
| MAexp20: | 245.41 | |
| MAexp50: | 244.74 | |
| MAexp100: | 241.85 | |
| Price / MA7: | +0.26% | |
| Price / MA20: | +0.33% | |
| Price / MA50: | -0.16% | |
| Price / MA100: | +1.91% | |
| Price / MAexp7: | +0.11% | |
| Price / MAexp20: | +0.24% | |
| Price / MAexp50: | +0.52% | |
| Price / MAexp100: | +1.72% |
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:
- The First Ever AI-Based HCM Cloud Connector from Papaya Global Is Aiming to Render Automatic Data Processing Obsolete
- ADP Canada Happiness@Work Index Provides New Monthly Satisfaction Measure for the Canadian Workforce
- Thinking about trading options or stock in FedEx, NVIDIA, Automatic Data Processing, Alibaba, or Tesla?
- 2022 sees Canadian workers taking more vacation and paying less “time off tax” – ADP survey
- Thinking about trading options or stock in Automatic Data Processing, Tesla, Advanced Micro Devices, Home Depot, or Target?
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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