| ADP latest price $170.6900 (0.23%) ($170.6900 - $170.6900) on Fri. Dec. 27, 2019. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 0.95% (three month average) |
RSI | 51 |
Latest Price | $170.6900(0.23%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ADP advances 0.2% a day on average for past five trading days. |
Weekly Trend | ADP advances 0.7% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support ADP advance at 0% a week (0% probability) DIA(76%) IVE(74%) IWD(74%) SPLV(74%) SPY(74%) |
Factors Impacting ADP price | ADP will decline at least -0.475% in a week (0% probabilities). VIXM(-54%) VXX(-21%) TLT(-17%) UUP(-9%) IGOV(-5%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.475% (StdDev 0.95%) |
Hourly BBV | 0.4 () |
Intraday Trend | 0% |
| |
|
|