| ADP latest price $245.1700 (1.9%) ($245.1700 - $245.5000) on Wed. Aug. 3, 2022. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.03% (three month average) |
RSI | 82 |
Latest Price | $245.1700(1.9%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ADP advances 0.9% a day on average for past five trading days. |
Weekly Trend | ADP advances 6.4% 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) IVW(51%) DIA(50%) SPY(49%) SPLV(48%) IWD(47%) |
Factors Impacting ADP price | ADP will decline at least -1.015% 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. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.015% (StdDev 2.03%) |
Hourly BBV | 2.4 () |
Intraday Trend | 0% |
| |
|
|