pool adsAutomatic Data Processing $ADP Technical Update
The Automatic Data Processing (NYSE: ADP) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for ADP, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Strong | Neutral | Neutral |
| P1 | 160.46 | 156.15 | 138.51 |
| P2 | 162.69 | 163.22 | 156.69 |
| P3 | 163.98 | 169.85 | 174.08 |
Support and Resistance Plot Chart for ADP
Long Term Trading Plans for ADP
May 22, 2019, 10:00 pm ET
The Technical Summary and Trading Plans for ADP help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this ADP Report.
ADP - (Long) Support Plan
The technical summary data tells us to buy ADP near 156.69 with an upside target of 174.08. This data also tells us to set a stop loss @ 156.43 to protect against excessive loss in case the stock begins to move against the trade. 156.69 is the first level of support below 163.37 , and by rule, any test of support is a buy signal. In this case, support 156.69 is being tested, a buy signal would exist.
ADP - (Short) Resistance Plan
The technical summary data is suggesting a short of ADP as it gets near 174.08 with a downside target of 156.69. We should have a stop loss in place at 174.34 though. 174.08 is the first level of resistance above 163.37, and by rule, any test of resistance is a short signal. In this case, if resistance 174.08 is being tested, a short signal would exist.
