| ADP latest price $145.8550 (1.9%) ($141.6000 - $146.7600) on Wed. Apr. 29, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.61% (three month average) |
RSI | 58 |
Latest Price | $145.8550(1.9%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ADP advances 1% a day on average for past five trading days. |
Weekly Trend | ADP advances 0.5% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support ADP advance at 0% a week (0% probability) DIA(62%) SPY(61%) IWD(60%) SPLV(60%) IVE(59%) |
Factors Impacting ADP price | ADP will decline at least -2.305% in a week (0% probabilities). VIXM(-44%) UUP(-23%) VXX(-14%) TLT(-5%) IGOV(2%) |
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 | -2.305% (StdDev 4.61%) |
Hourly BBV | 1.4 () |
Intraday Trend | 0% |
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