AUTOMATIC DATA PROCESSING INC. - Daily - Technical analysis published on 10/04/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
22%
67%
11%
My opinion
Bearish under 157.58 USD
My targets
151.77 USD (-3.66%)
132.76 USD (-15.73%)
My analysis
In the short term, we can see an acceleration in the bearish trend on AUTOMATIC DATA PROCESSING INC., which is a positive signal for sellers. As long as the price remains above 157.58 USD, a sale could be considered. The first bearish objective is located at 151.77 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 132.76 USD as an objective. Crossing it would then enable sellers to target 126.21 USD. If the price were to return above 157.58 USD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
5.7
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AUTOMATIC DATA PROCESSING INC. price is 157.54 USD. The price registered an increase of +0.59% on the session and was between 153.72 USD and 157.60 USD. This implies that the price is at +2.49% from its lowest and at -0.04% from its highest.153.72
157.60
157.54
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this Daily chart of AUTOMATIC DATA PROCESSING INC. indicates that the overall trend is bearish. 75% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish 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 does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
MACD indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Daily
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal support is broken
Type : Bearish
Timeframe : Daily
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Downside gap
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 126.21 | 132.76 | 151.77 | 157.54 | 157.58 | 164.90 | 170.18 |
| Change (%) | -19.89% | -15.73% | -3.66% | - | +0.03% | +4.67% | +8.02% |
| Change | -31.33 | -24.78 | -5.77 | - | +0.04 | +7.36 | +12.64 |
| Level | Minor | Intermediate | Major | - | Major | 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 | 151.23 | 153.35 | 154.99 | 157.11 | 158.75 | 160.87 | 162.51 |
| Camarilla | 155.59 | 155.93 | 156.28 | 156.62 | 156.97 | 157.31 | 157.65 |
| Woodie | 150.98 | 153.23 | 154.74 | 156.99 | 158.50 | 160.75 | 162.26 |
| Fibonacci | 153.35 | 154.79 | 155.68 | 157.11 | 158.55 | 159.44 | 160.87 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 152.49 | 155.50 | 157.96 | 160.97 | 163.43 | 166.44 | 168.90 |
| Camarilla | 158.93 | 159.43 | 159.93 | 160.43 | 160.93 | 161.43 | 161.93 |
| Woodie | 152.23 | 155.36 | 157.70 | 160.83 | 163.17 | 166.30 | 168.64 |
| Fibonacci | 155.50 | 157.59 | 158.88 | 160.97 | 163.06 | 164.35 | 166.44 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 135.01 | 145.53 | 153.47 | 163.99 | 171.93 | 182.45 | 190.39 |
| Camarilla | 156.34 | 158.04 | 159.73 | 161.42 | 163.11 | 164.80 | 166.50 |
| Woodie | 133.73 | 144.89 | 152.19 | 163.35 | 170.65 | 181.81 | 189.11 |
| Fibonacci | 145.53 | 152.58 | 156.94 | 163.99 | 171.04 | 175.40 | 182.45 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 39.64 | |
| MACD (12,26,9): | -1.8400 | |
| Directional Movement: | -18.25 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 158.86 | |
| Parabolic SAR (0,02-0,02-0,2): | 163.80 | |
| Elder Ray (13): | -4.55 | |
| Super Trend (3,10): | 165.36 | |
| Zig ZAG (10): | 157.54 | |
| VORTEX (21): | 0.7600 | |
| Stochastique (14,3,5): | 35.35 | |
| TEMA (21): | 157.91 | |
| Williams %R (14): | -62.73 | |
| Chande Momentum Oscillator (20): | -1.29 | |
| Repulse (5,40,3): | 0.1100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1600 | |
| Courbe Coppock: | 3.62 |
| MA7: | 160.20 | |
| MA20: | 161.07 | |
| MA50: | 164.66 | |
| MA100: | 164.41 | |
| MAexp7: | 159.26 | |
| MAexp20: | 161.21 | |
| MAexp50: | 163.26 | |
| MAexp100: | 162.64 | |
| Price / MA7: | -1.66% | |
| Price / MA20: | -2.19% | |
| Price / MA50: | -4.32% | |
| Price / MA100: | -4.18% | |
| Price / MAexp7: | -1.08% | |
| Price / MAexp20: | -2.28% | |
| Price / MAexp50: | -3.50% | |
| Price / MAexp100: | -3.14% |
News
Don"t forget to follow the news on AUTOMATIC DATA PROCESSING INC.. At the time of publication of this analysis, the latest news was as follows:
- ADP Trust Company, National Association Authorized to Open by the Office of Comptroller of the Currency ("OCC")
- Detailed Research: Economic Perspectives on Waddell & Reed Financial, Kennametal, Automatic Data Processing, Trustmark, Eagle Bulk Shipping, and GlycoMimetics — What Drives Growth in Today's Competitive Landscape
- Recent Analysis Shows Automatic Data Processing, GTx, Ionis Pharmaceuticals, TriNet Group, Ternium S.A, and UNIVERSAL INSURANCE HOLDINGS INC Market Influences — Renewed Outlook, Key Drivers of Growth
- Consolidated Research: 2018 Summary Expectations for Ciena, Automatic Data Processing, AGCO, Antero Resources, Chesapeake Energy, and Ducommun — Fundamental Analysis, Key Performance Indications
- Recent Analysis Shows Shutterfly, Gulfport Energy, Automatic Data Processing, Group 1 Automotive, Red Robin Gourmet Burgers, and Superior Energy Services Market Influences — Renewed Outlook, Key Drivers of Growth
This member declared not having a position on this financial instrument or a related financial instrument.
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