| ADP latest price $233.1200 (3.2%) ($229.8800 - $233.1200) on Mon. Oct. 17, 2022. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 1.79% (three month average) |
RSI | 55 |
Latest Price | $233.1200(3.2%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ADP advances 0.3% a day on average for past five trading days. |
Weekly Trend | ADP declines -0.4% 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(39%) IVW(38%) SDY(38%) SPLV(38%) IWD(37%) |
Factors Impacting ADP price | ADP will decline at least -0.895% in a week (0% probabilities). UUP(-25%) VIXM(-12%) TBT(-6%) KWEB(-0%) MCHI(1%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.895% (StdDev 1.79%) |
Hourly BBV | 1.1 () |
Intraday Trend | 0% |
| |
|
|