| ADP latest price $161.4150 (2.1%) ($158.5000 - $162.0950) on Mon. Nov. 2, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 1.64% (three month average) |
RSI | 67 |
Latest Price | $161.4150(2.1%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ADP advances 2.1% a day on average for past five trading days. |
Weekly Trend | ADP advances 2.9% a week on average for past two weeks. |
Market Behavior | Broad based 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(57%) SPLV(56%) IWD(55%) IVW(54%) |
Factors Impacting ADP price | ADP will decline at least -0.82% in a week (0% probabilities). VIXM(-37%) UUP(-24%) EDOC(-12%) VXX(-10%) TBT(-2%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.82% (StdDev 1.64%) |
Hourly BBV | 1.6 () |
Intraday Trend | 0% |
| |
|
|