| ADP latest price $240.8000 (0.57%) ($237.4600 - $241.0100) on Tue. Jan. 10, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.65% (three month average) |
RSI | 50 |
Latest Price | $240.8000(0.57%) |
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) IVE(47%) DIA(46%) IWD(46%) SPY(46%) XLB(46%) |
Factors Impacting ADP price | ADP will decline at least -0.825% in a week (0% probabilities). VIXM(-24%) SHY(-20%) TLT(-18%) TIP(-17%) VXX(-16%) |
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 | -0.825% (StdDev 1.65%) |
Hourly BBV | -0.5 () |
Intraday Trend | 0% |
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