| ADP latest price $255.8200 (0.45%) ($255.8200 - $255.8200) on Fri. Sep. 1, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.18% (three month average) |
RSI | 61 |
Latest Price | $255.8200(0.45%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ADP advances 0.2% a day on average for past five trading days. |
Weekly Trend | ADP advances 0.8% a week on average for past two weeks. |
Market Behavior | Value stock 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(99%) QQQ(94%) PAVE(92%) BOTZ(90%) XLF(89%) |
Factors Impacting ADP price | ADP will decline at least -0.59% in a week (0% probabilities). VIXM(-91%) TBT(-47%) UUP(-2%) SHY(6%) XLU(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 | -0.59% (StdDev 1.18%) |
Hourly BBV | 1.5 () |
Intraday Trend | 0% |
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