| ADP latest price $156.0500 (-1.03%) ($153.9500 - $158.2100) on Wed. Jun. 10, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.51% (three month average) |
RSI | 81 |
Latest Price | $156.0500(-1.03%) |
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 6.9% a week on average for past two weeks. |
Market Behavior | Value stocks 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) DIA(61%) SPY(60%) IWD(59%) IVE(58%) SDY(58%) |
Factors Impacting ADP price | ADP will decline at least -2.255% in a week (0% probabilities). VIXM(-42%) UUP(-23%) VXX(-13%) TLT(-3%) IGOV(-2%) |
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 | -2.255% (StdDev 4.51%) |
Hourly BBV | -0.8 () |
Intraday Trend | 0% |
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