| ADP latest price $131.3800 (-4.06%) ($128.9200 - $136.0000) on Fri. Mar. 27, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.26% (three month average) |
RSI | 44 |
Latest Price | $131.3800(-4.06%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ADP advances 3.2% a day on average for past five trading days. |
Weekly Trend | ADP declines -7.3% a week on average for past two weeks. |
Market Behavior | Broad based sell-off 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(70%) IWD(68%) SPLV(68%) SPY(68%) IVE(67%) |
Factors Impacting ADP price | ADP will decline at least -2.13% in a week (0% probabilities). VIXM(-48%) UUP(-26%) VXX(-15%) TLT(-7%) IGOV(5%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -2.13% (StdDev 4.26%) |
Hourly BBV | 0.7 () |
Intraday Trend | 0% |
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