| ADP latest price $253.2800 (5.23%) ($253.2800 - $253.2800) on Wed. Jul. 26, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.3% (three month average) |
RSI | 86 |
Latest Price | $253.2800(5.23%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ADP advances 1.3% a day on average for past five trading days. |
Weekly Trend | ADP advances 4% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Value stock rally for small cap. |
Correlated ETFs | Broad market will support ADP advance at 0% a week (0% probability) XLI(57%) SDY(52%) IWN(51%) XLF(51%) DIA(47%) |
Factors Impacting ADP price | ADP will decline at least -0.65% in a week (0% probabilities). VXX(-53%) VIXM(-43%) UUP(-17%) TBT(-12%) IGOV(-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 | -0.65% (StdDev 1.3%) |
Hourly BBV | 1.2 () |
Intraday Trend | 0% |
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