| ADP latest price $140.5500 (-4.2%) ($139.4600 - $144.7000) on Fri. May. 1, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.62% (three month average) |
RSI | 52 |
Latest Price | $140.5500(-4.2%) |
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 1.6% 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(62%) IWD(60%) SPY(60%) IVE(59%) SPLV(59%) |
Factors Impacting ADP price | ADP will decline at least -2.31% in a week (0% probabilities). VIXM(-43%) UUP(-23%) VXX(-14%) TLT(-4%) IGOV(1%) |
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 | -2.31% (StdDev 4.62%) |
Hourly BBV | -1.9 () |
Intraday Trend | 0% |
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