| ADP latest price $246.1500 (-1.54%) ($245.8500 - $246.1500) on Mon. Jul. 31, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.28% (three month average) |
RSI | 78 |
Latest Price | $246.1500(-1.54%) |
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 4.2% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support ADP advance at 0% a week (0% probability) XLI(59%) SDY(52%) DIA(50%) IVW(50%) IWN(49%) |
Factors Impacting ADP price | ADP will decline at least -0.64% in a week (0% probabilities). VXX(-59%) VIXM(-50%) UUP(-17%) TBT(-10%) IGOV(-6%) |
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 | -0.64% (StdDev 1.28%) |
Hourly BBV | -1.8 () |
Intraday Trend | 0% |
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