| ADP latest price $241.1400 (0.76%) ($241.1400 - $241.9400) on Fri. Jul. 29, 2022. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.04% (three month average) |
RSI | 75 |
Latest Price | $241.1400(0.76%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ADP advances 1.8% a day on average for past five trading days. |
Weekly Trend | ADP advances 4.2% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Value stock rally for small cap. |
Correlated ETFs | Broad market will support ADP advance at 0% a week (0% probability) IVW(50%) DIA(49%) SPLV(48%) SPY(48%) IWD(47%) |
Factors Impacting ADP price | ADP will decline at least -1.02% in a week (0% probabilities). UUP(-29%) VIXM(-21%) TBT(-8%) EDOC(-5%) VXX(0%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.02% (StdDev 2.04%) |
Hourly BBV | 1.2 () |
Intraday Trend | 0% |
| |
|
|