| ADP latest price $137.6000 (-4.35%) ($137.1800 - $140.6610) on Wed. Apr. 15, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 4.57% (three month average) |
RSI | 63 |
Latest Price | $137.6000(-4.35%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ADP advances 0.1% a day on average for past five trading days. |
Weekly Trend | ADP advances 2.8% 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(64%) SPY(63%) IWD(62%) SPLV(62%) IVE(61%) |
Factors Impacting ADP price | ADP will decline at least -2.285% in a week (0% probabilities). VIXM(-45%) UUP(-23%) VXX(-14%) TLT(-5%) IGOV(2%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.285% (StdDev 4.57%) |
Hourly BBV | -0.7 () |
Intraday Trend | 0% |
| |
|
|