| ADP latest price $258.5400 (-2.18%) ($257.0200 - $258.5400) on Tue. Dec. 6, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.8% (three month average) |
RSI | 59 |
Latest Price | $258.5400(-2.18%) |
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 2% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support ADP advance at 0% a week (0% probability) DIA(22%) IGOV(22%) SDY(20%) SPLV(20%) IFRA(19%) |
Factors Impacting ADP price | ADP will decline at least -0.9% in a week (0% probabilities). UUP(-17%) VIXM(-6%) INDA(-6%) EWP(-4%) MCHI(-3%) |
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 | -0.9% (StdDev 1.8%) |
Hourly BBV | -1.8 () |
Intraday Trend | 0% |
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