| ADP latest price $220.9700 (2.3%) ($215.6000 - $221.5600) on Thu. Jun. 15, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.2% (three month average) |
RSI | 67 |
Latest Price | $220.9700(2.3%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ADP advances 0.5% a day on average for past five trading days. |
Weekly Trend | ADP advances 1.7% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support ADP advance at 0% a week (0% probability) BOTZ(39%) ARKG(30%) ACES(27%) ARKK(26%) CEMB(17%) |
Factors Impacting ADP price | ADP will decline at least -0.6% in a week (0% probabilities). TIP(-22%) INDA(-20%) GLD(-20%) SLV(-19%) SHY(-19%) |
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 | -0.6% (StdDev 1.2%) |
Hourly BBV | 1.3 () |
Intraday Trend | 2.2% |
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