| ADP latest price $244.0100 (1.11%) ($244.0100 - $244.0100) on Tue. Nov. 1, 2022. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 1.54% (three month average) |
RSI | 70 |
Latest Price | $244.0100(1.11%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ADP advances 0.6% a day on average for past five trading days. |
Weekly Trend | ADP advances 2.2% a week on average for past two weeks. |
Market Behavior | Growth stock sell-off for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support ADP advance at 0% a week (0% probability) DIA(35%) IVW(33%) SDY(33%) SPLV(33%) IWD(32%) |
Factors Impacting ADP price | ADP will decline at least -0.77% in a week (0% probabilities). UUP(-22%) VIXM(-9%) TBT(-7%) EDOC(-6%) KWEB(-2%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.77% (StdDev 1.54%) |
Hourly BBV | 2 () |
Intraday Trend | 0% |
| |
|
|