| ADP latest price $171.6700 (1.28%) ($169.6300 - $171.9300) on Fri. Nov. 13, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 1.71% (three month average) |
RSI | 86 |
Latest Price | $171.6700(1.28%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ADP advances 0.7% a day on average for past five trading days. |
Weekly Trend | ADP advances 5.6% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support ADP advance at 0% a week (0% probability) DIA(60%) SPLV(59%) SPY(59%) IVW(57%) IWD(57%) |
Factors Impacting ADP price | ADP will decline at least -0.855% in a week (0% probabilities). VIXM(-39%) UUP(-25%) EDOC(-12%) VXX(-10%) TBT(-2%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.855% (StdDev 1.71%) |
Hourly BBV | 0.3 () |
Intraday Trend | 0% |
| |
|
|