Trading (ADP) With Integrated Risk Controls
December 22, 2024, 03:48 am ET, BY Thomas Y.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ADP
- Buy ADP near 291.01 target 306.47 stop loss @ 290.17 Details
The technical summary data tells us to buy ADP near 291.01 with an upside target of 306.47. This data also tells us to set a stop loss @ 290.17 to protect against excessive loss in case the stock begins to move against the trade. 291.01 is the first level of support below 294.02 , and by rule, any test of support is a buy signal. In this case, support 291.01 is being tested, a buy signal would exist.
- Short ADP slightly under 306.47, target 291.01, stop loss @ 307.36 Details
The technical summary data is suggesting a short of ADP as it gets near 306.47 with a downside target of 291.01. We should have a stop loss in place at 307.36though. 306.47 is the first level of resistance above 294.02, and by rule, any test of resistance is a short signal. In this case, if resistance 306.47 is being tested, a short signal would exist.
Swing Trading Plans for ADP
- Buy ADP slightly over 295.65, target 306.47, Stop Loss @ 294.8 Details
If 295.65 begins to break higher, the technical summary data tells us to buy ADP just slightly over 295.65, with an upside target of 306.47. The data also tells us to set a stop loss @ 294.8 in case the stock turns against the trade. 295.65 is the first level of resistance above 294.02, and by rule, any break above resistance is a buy signal. In this case, 295.65, 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 295.65, target 291.01, Stop Loss @ 296.5. Details
The technical summary data is suggesting a short of ADP if it tests 295.65 with a downside target of 291.01. We should have a stop loss in place at 296.5 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, 295.65, 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 295.65, target 306.47, Stop Loss @ 294.96 Details
If 295.65 begins to break higher, the technical summary data tells us to buy ADP just slightly over 295.65, with an upside target of 306.47. The data also tells us to set a stop loss @ 294.96 in case the stock turns against the trade. 295.65 is the first level of resistance above 294.02, and by rule, any break above resistance is a buy signal. In this case, 295.65, 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 295.65, target 293.64, Stop Loss @ 296.34. Details
The technical summary data is suggesting a short of ADP if it tests 295.65 with a downside target of 293.64. We should have a stop loss in place at 296.34 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, 295.65, 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 December 22:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Strong |
| P1 |
0 |
0 |
275.13 |
| P2 |
290.18 |
290.23 |
291.01 |
| P3 |
293.64 |
295.65 |
306.47 |
AI Generated Signals for ADP
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for ADP:
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