| ADP latest price $216.2400 (-1.19%) ($216.2400 - $216.2400) on Wed. Jul. 20, 2022. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 1.98% (three month average) |
RSI | 57 |
Latest Price | $216.2400(-1.19%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ADP advances 0.5% a day on average for past five trading days. |
Weekly Trend | ADP advances 0.3% a week on average for past two weeks. |
Market Behavior | Growth 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) DIA(51%) IVW(51%) SPY(50%) SPLV(49%) IWD(48%) |
Factors Impacting ADP price | ADP will decline at least -0.99% in a week (0% probabilities). UUP(-30%) VIXM(-22%) TBT(-7%) VXX(0%) UNG(4%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.99% (StdDev 1.98%) |
Hourly BBV | 0.1 () |
Intraday Trend | 0% |
| |
|
|