| ADP latest price $241.1900 (0.02%) ($241.1900 - $241.1900) on Mon. Aug. 1, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.02% (three month average) |
RSI | 79 |
Latest Price | $241.1900(0.02%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ADP advances 2% a day on average for past five trading days. |
Weekly Trend | ADP advances 5.5% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support ADP advance at 0% a week (0% probability) IVW(51%) DIA(50%) SPY(49%) SPLV(48%) IWD(47%) |
Factors Impacting ADP price | ADP will decline at least -1.01% in a week (0% probabilities). UUP(-29%) VIXM(-21%) TBT(-8%) VXX(0%) EDOC(0%) |
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 | -1.01% (StdDev 2.02%) |
Hourly BBV | 0.8 () |
Intraday Trend | 0% |
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