| ADP latest price $137.7400 (-1.25%) ($136.6900 - $141.6700) on Thu. Oct. 1, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.65% (three month average) |
RSI | 57 |
Latest Price | $137.7400(-1.25%) |
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 | Growth 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(58%) SPY(58%) SPLV(57%) IWD(56%) IVW(55%) |
Factors Impacting ADP price | ADP will decline at least -0.825% in a week (0% probabilities). VIXM(-38%) UUP(-24%) VXX(-10%) EDOC(-10%) TBT(-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 | -0.825% (StdDev 1.65%) |
Hourly BBV | -1.1 () |
Intraday Trend | 0% |
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