| ADP latest price $248.6500 (1.02%) ($248.6500 - $248.6500) on Tue. Aug. 1, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.28% (three month average) |
RSI | 82 |
Latest Price | $248.6500(1.02%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ADP advances 0.6% a day on average for past five trading days. |
Weekly Trend | ADP advances 4.1% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Growth stock sell-off for small cap. |
Correlated ETFs | Broad market will support ADP advance at 0% a week (0% probability) XLI(59%) SDY(52%) DIA(49%) IWN(49%) IYT(49%) |
Factors Impacting ADP price | ADP will decline at least -0.64% in a week (0% probabilities). VXX(-57%) VIXM(-49%) UUP(-17%) TBT(-10%) IGOV(-6%) |
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 | -0.64% (StdDev 1.28%) |
Hourly BBV | -0.2 () |
Intraday Trend | 0% |
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