| ADP latest price $151.6100 (2.23%) ($148.9600 - $152.2450) on Wed. Jun. 3, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 4.54% (three month average) |
RSI | 80 |
Latest Price | $151.6100(2.23%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ADP advances 1% a day on average for past five trading days. |
Weekly Trend | ADP advances 4.8% a week on average for past two weeks. |
Market Behavior | Value stock 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(60%) IVE(59%) IWD(59%) SPLV(59%) |
Factors Impacting ADP price | ADP will decline at least -2.27% in a week (0% probabilities). VIXM(-42%) UUP(-23%) VXX(-13%) TLT(-3%) XLC(-0%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.27% (StdDev 4.54%) |
Hourly BBV | 1.5 () |
Intraday Trend | 0% |
| |
|
|