| ADP latest price $227.1300 (-3.34%) ($225.9050 - $227.1300) on Fri. Oct. 7, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.7% (three month average) |
RSI | 41 |
Latest Price | $227.1300(-3.34%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ADP advances 0.1% a day on average for past five trading days. |
Weekly Trend | ADP advances 0.5% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support ADP advance at 0% a week (0% probability) DIA(44%) IVW(43%) SPLV(43%) IWD(42%) SDY(42%) |
Factors Impacting ADP price | ADP will decline at least -0.85% in a week (0% probabilities). UUP(-27%) VIXM(-14%) TBT(-9%) VXX(1%) KWEB(4%) |
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 | -0.85% (StdDev 1.7%) |
Hourly BBV | -1.6 () |
Intraday Trend | 0% |
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