When (ADP) Moves Investors should Listen
April 08, 2024, 11:24 am ET, BY Randall S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ADP
- Buy ADP slightly over 232.54 target 247.79 stop loss @ 231.87 Details
The technical summary data tells us to buy ADP near 232.54 with an upside target of 247.79. This data also tells us to set a stop loss @ 231.87 to protect against excessive loss in case the stock begins to move against the trade. 232.54 is the first level of support below 245.745 , and by rule, any test of support is a buy signal. In this case, support 232.54 would be being tested, so a buy signal would exist.
- Short ADP slightly under 247.79, target 232.54, stop loss @ 248.51 Details
The technical summary data is suggesting a short of ADP as it gets near 247.79 with a downside target of 232.54. We should have a stop loss in place at 248.51though. 247.79 is the first level of resistance above 245.745, and by rule, any test of resistance is a short signal. In this case, if resistance 247.79 is being tested, so a short signal would exist.
Swing Trading Plans for ADP
- Buy ADP slightly over 247.79, target 262.34, Stop Loss @ 247.07 Details
If 247.79 begins to break higher, the technical summary data tells us to buy ADP just slightly over 247.79, with an upside target of 262.34. The data also tells us to set a stop loss @ 247.07 in case the stock turns against the trade. 247.79 is the first level of resistance above 245.745, and by rule, any break above resistance is a buy signal. In this case, 247.79, 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 247.79, target 243.12, Stop Loss @ 248.51. Details
The technical summary data is suggesting a short of ADP if it tests 247.79 with a downside target of 243.12. We should have a stop loss in place at 248.51 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, 247.79, 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 245.88, target 247.79, Stop Loss @ 245.31 Details
If 245.88 begins to break higher, the technical summary data tells us to buy ADP just slightly over 245.88, with an upside target of 247.79. The data also tells us to set a stop loss @ 245.31 in case the stock turns against the trade. 245.88 is the first level of resistance above 245.745, and by rule, any break above resistance is a buy signal. In this case, 245.88, 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 245.88, target 243.35, Stop Loss @ 246.45. Details
The technical summary data is suggesting a short of ADP if it tests 245.88 with a downside target of 243.35. We should have a stop loss in place at 246.45 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, 245.88, 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 April 08:
Term → | Near |
Mid |
Long |
Rating |
Weak |
Neutral |
Strong |
P1 |
0 |
0 |
232.54 |
P2 |
243.35 |
243.12 |
247.79 |
P3 |
245.88 |
247.74 |
262.34 |
AI Generated Signals for ADP
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Automatic Data Processing Inc. (NYSE: ADP) report below is a real world example. Included are trading plans for ADP, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for ADP: