| ADP latest price $237.1600 (-0.31%) ($235.2900 - $238.3400) on Thu. Jul. 20, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.17% (three month average) |
RSI | 82 |
Latest Price | $237.1600(-0.31%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ADP advances 0.9% a day on average for past five trading days. |
Weekly Trend | ADP advances 3.6% 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) XLI(56%) SDY(49%) DIA(48%) XLF(48%) IWN(46%) |
Factors Impacting ADP price | ADP will decline at least -0.585% in a week (0% probabilities). VXX(-49%) VIXM(-39%) UUP(-13%) TBT(-12%) SHY(-5%) |
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 | -0.585% (StdDev 1.17%) |
Hourly BBV | 0.4 () |
Intraday Trend | 0% |
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