| ADP latest price $176.2100 (-0.5%) ($174.2500 - $176.5800) on Tue. Nov. 17, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.75% (three month average) |
RSI | 81 |
Latest Price | $176.2100(-0.5%) |
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 | Value stocks sell-off for large cap. Growth stock rally for small cap. |
Correlated ETFs | Broad market will support ADP advance at 0% a week (0% probability) DIA(61%) SPY(60%) SPLV(59%) IVW(57%) IWD(57%) |
Factors Impacting ADP price | ADP will decline at least -0.875% 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. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -0.875% (StdDev 1.75%) |
Hourly BBV | 0.9 () |
Intraday Trend | 0% |
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