| ADP latest price $138.0500 (1.14%) ($136.6300 - $138.9800) on Fri. Aug. 7, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.27% (three month average) |
RSI | 31 |
Latest Price | $138.0500(1.14%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ADP advances 0.8% a day on average for past five trading days. |
Weekly Trend | ADP declines -3.7% a week on average for past two weeks. |
Market Behavior | Rotation from growth to value for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support ADP advance at 0% a week (0% probability) DIA(58%) SPY(57%) SPLV(56%) IWD(55%) IVE(54%) |
Factors Impacting ADP price | ADP will decline at least -1.135% in a week (0% probabilities). VIXM(-37%) UUP(-23%) VXX(-10%) IGOV(-9%) XLC(-6%) |
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 | -1.135% (StdDev 2.27%) |
Hourly BBV | 0.8 () |
Intraday Trend | 0% |
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