Trading (ADP) With Integrated Risk Controls

January 04, 2024, 20:30 pm ET, BY Momei- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for ADP

• Buy ADP slightly over 222.35 target 238.54 stop loss @ 221.71 Details

The technical summary data tells us to buy ADP near 222.35 with an upside target of 238.54. This data also tells us to set a stop loss @ 221.71 to protect against excessive loss in case the stock begins to move against the trade. 222.35 is the first level of support below 233.66 , and by rule, any test of support is a buy signal. In this case, support 222.35 would be being tested, so a buy signal would exist.

• Short ADP slightly under 238.54, target 222.35, stop loss @ 239.23 Details

The technical summary data is suggesting a short of ADP as it gets near 238.54 with a downside target of 222.35. We should have a stop loss in place at 239.23though. 238.54 is the first level of resistance above 233.66, and by rule, any test of resistance is a short signal. In this case, if resistance 238.54 is being tested, so a short signal would exist.

Swing Trading Plans for ADP

• Buy ADP slightly over 234.61, target 238.54, Stop Loss @ 233.93 Details

If 234.61 begins to break higher, the technical summary data tells us to buy ADP just slightly over 234.61, with an upside target of 238.54. The data also tells us to set a stop loss @ 233.93 in case the stock turns against the trade. 234.61 is the first level of resistance above 233.66, and by rule, any break above resistance is a buy signal. In this case, 234.61, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short ADP slightly near 234.61, target 230.27, Stop Loss @ 235.29. Details

The technical summary data is suggesting a short of ADP if it tests 234.61 with a downside target of 230.27. We should have a stop loss in place at 235.29 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 234.61, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for ADP

• Buy ADP slightly over 234.68, target 238.54, Stop Loss @ 234.13 Details

If 234.68 begins to break higher, the technical summary data tells us to buy ADP just slightly over 234.68, with an upside target of 238.54. The data also tells us to set a stop loss @ 234.13 in case the stock turns against the trade. 234.68 is the first level of resistance above 233.66, and by rule, any break above resistance is a buy signal. In this case, 234.68, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short ADP slightly near 234.68, target 233.41, Stop Loss @ 235.23. Details

The technical summary data is suggesting a short of ADP if it tests 234.68 with a downside target of 233.41. We should have a stop loss in place at 235.23 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 234.68, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Automatic Data Processing Inc. (ADP) available here: ADP.

ADP Ratings for January 04:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Neutral
P1	0	0	222.35
P2	233.41	230.27	238.54
P3	234.68	234.61	254.46

AI Generated Signals for ADP

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Price matters most to #makingmoney in the #stockmarket. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The Automatic Data Processing Inc. (NYSE: ADP) report below can help you, but we have more details too. The trading plans for ADP, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.