| ADP latest price $228.6300 (-0.38%) ($227.6800 - $228.6300) on Thu. Nov. 11, 2021. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 1.06% (three month average) |
RSI | 77 |
Latest Price | $228.6300(-0.38%) |
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 2% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support ADP advance at 0% a week (0% probability) DIA(61%) IVW(61%) SPY(61%) IWD(59%) IWF(59%) |
Factors Impacting ADP price | ADP will decline at least -0.53% in a week (0% probabilities). VIXM(-40%) UUP(-29%) VXX(-7%) TBT(-5%) IGOV(-5%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.53% (StdDev 1.06%) |
Hourly BBV | -0.5 () |
Intraday Trend | 0% |
| |
|
|