When Automatic Data Processing (ADP) Moves Investors should Listen

February 24, 2023, 00:15 am ET, BY Thomas Y.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for ADP

• No Long Plans offered at this time. Get an Update

There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

• Short ADP slightly under 228.13, target n/a, stop loss @ 228.79 Details

The technical summary data is suggesting a short of ADP as it gets near 228.13, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 228.79. 228.13 is the first level of resistance above 222.78, and by rule, any test of resistance is a short signal. In this case, if resistance 228.13 is being tested, so a short signal would exist.

Swing Trading Plans for ADP

• Buy ADP slightly over 226.95, target 228.13, Stop Loss @ 226.29 Details

If 226.95 begins to break higher, the technical summary data tells us to buy ADP just slightly over 226.95, with an upside target of 228.13. The data also tells us to set a stop loss @ 226.29 in case the stock turns against the trade. 226.95 is the first level of resistance above 222.78, and by rule, any break above resistance is a buy signal. In this case, 226.95, 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 226.95, target 222.64, Stop Loss @ 227.61. Details

The technical summary data is suggesting a short of ADP if it tests 226.95 with a downside target of 222.64. We should have a stop loss in place at 227.61 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, 226.95, 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 223.88, target 226.95, Stop Loss @ 223.36 Details

If 223.88 begins to break higher, the technical summary data tells us to buy ADP just slightly over 223.88, with an upside target of 226.95. The data also tells us to set a stop loss @ 223.36 in case the stock turns against the trade. 223.88 is the first level of resistance above 222.78, and by rule, any break above resistance is a buy signal. In this case, 223.88, 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 223.88, target 222.64, Stop Loss @ 224.4. Details

The technical summary data is suggesting a short of ADP if it tests 223.88 with a downside target of 222.64. We should have a stop loss in place at 224.4 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, 223.88, 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 (ADP) available here: ADP.

ADP Ratings for February 24:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Strong
P1	0	0	228.13
P2	220.63	222.64	247.69
P3	223.88	226.95	267.66

AI Generated Signals for ADP

Real Time Updates for Repeat Institutional Readers:

• Factset: Request User/Pass
• Bloomberg, Reuters, Refinitiv, Zacks, or IB users: Access Here.

Instructions:

• Click the Get Real Time Updates button below.

• In the login prompt, select forgot username

• Type the email you use for Factset

• Use the user/pass you receive to login

• You will have 24/7 access to real time updates.

From then on you can just click to get the real time update whenever you want.

GET REAL TIME UPDATES

Market Crash Leading Indicator

Our Market Crash Leading Indicator isEvitar Corte.

• Evitar Corte warned of market crash risk four times since 2000.

• It identified the Internet Debacle before it happened.

• It identified the Credit Crisis before it happened.

• It identified the Corona Crash too.

• See what Evitar Corte is Saying Now.

Get Notified When our Ratings Change:Take a Trial

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 (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.