| ADP latest price $149.2800 (0.33%) ($148.3000 - $150.4000) on Fri. Oct. 23, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.66% (three month average) |
RSI | 71 |
Latest Price | $149.2800(0.33%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ADP advances 0.1% a day on average for past five trading days. |
Weekly Trend | ADP advances 0.8% a week on average for past two weeks. |
Market Behavior | Normal 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 -0.83% in a week (0% probabilities). VIXM(-37%) UUP(-24%) EDOC(-11%) VXX(-10%) TBT(-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 | -0.83% (StdDev 1.66%) |
Hourly BBV | 1.3 () |
Intraday Trend | 0% |
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